This comparison includes unsecured loans available over 12 months.
We are a comparison website that's authorised and regulated by the FCA as a credit broker. How our site works.
Zopa Personal Loan - Semi-Exclusive
Loan Amount
£1,000 to £25,000
Representative APR
3.6% APR
(£7,500 to £15,000)
Loan Term
1 year to 5 years
You must be at least 20 years old, with an annual income of at least £12,000 & have a good credit history / no CCJ's.
Representative Example: The Representative APR is 3.7% so if you borrow £10,000 over 3 years at a rate of 3.1% p.a. (fixed) plus an arrangement fee of £90 you will repay £293.81 per month & £10,577.07 in total.
Sainsbury's Bank Personal Loan Med (1-5Yrs) Non-Nectar
Loan Amount
£7,500 to £15,000
Representative APR
3.7% APR
(£7,500 to £15,000)
Loan Term
1 year to 5 years
Low rates for Sainsbury's shoppers £7,500-£15,000. 3.7% APR Representative
Representative Example: The Representative APR is 3.7% APR (fixed) so if you borrow £10,000 over 5 years at a rate of 3.7% p.a. (fixed) you will repay £182.54 per month & £10,952.40 in total.
Tesco Bank Personal Loan
Loan Amount
£1,000 to £25,000
Representative APR
3.8% APR
(£7,500 to £15,000)
Loan Term
1 year to 10 years
Representative Example: The Representative APR is 3.8% APR (fixed) so if you borrow £10,000 over 4 years at a rate of 3.8% p.a (fixed) you will repay £224.61 per month & £10,781.28 in total.
Nationwide Personal Loan Semi-Exclusive
Loan Amount
£1,000 to £25,000
Representative APR
3.9% APR
(£7,500 to £14,950)
Loan Term
1 year to 5 years
Get a commitment-free quote and get an instant decision online. No hidden fees or set-up charges. A lower loan rate available for existing current account customers.
Representative Example: The Representative APR is 3.9% APR (fixed) so if you borrow £10,000 over 5 years at a rate of 3.9% p.a (fixed) you will repay £183.41 per month & £11,004.60 in total.
TSB Personal Loan Ex/C
Loan Amount
£1,000 to £25,000
Representative APR
3.9% APR
(£7,500 to £19,999)
Loan Term
1 year to 7 years
Available to existing customers only.
Representative Example: The Representative APR is 13.4% APR (fixed) so if you borrow £10,000 over 5 years at a rate of 12.68% p.a (fixed) you will repay £225.91 per month & £13,554.60 in total.
Santander Standard Loan (New & Ex/C Internet)
Loan Amount
£1,000 to £20,000
Representative APR
4.4% APR
(£7,500 to £20,000)
Loan Term
1 year to 5 years
Representative Example: The Representative APR is 4.4% APR (fixed) so if you borrow £10,000 over 5 years at a rate of 4.4% p.a (fixed) you will repay £185.76 per month & £11,145.60 in total.
Sainsbury's Bank Personal Loan Small >=£5K <£7.5K Non-Nectar
Loan Amount
£5,000 to £7,499
Representative APR
4.8% APR
(£5,000 to £7,499)
Loan Term
1 year to 5 years
Representative Example: The Representative APR is 4.8% APR (fixed) so if you borrow £5,000 over 5 years at a rate of 4.8% p.a. (fixed) you will repay £93.66 per month & £5,619.60 in total.
Clydesdale Bank Personal Loan
Loan Amount
£1,000 to £25,000
Representative APR
4.9% APR
(£7,500 to £14,999)
Loan Term
1 year to 7 years
Apply online and get an instant decision. Any purpose loans. You can repay your loan in full and part at any time and they'll reduce the total credit payable under the agreement. Rates available online, in branch and via telephone.
Representative Example: The Representative APR is 4.9% APR (fixed) so if you borrow £12,500 over 3 years at a rate of 4.9% p.a (fixed) you will repay £286.97 per month & £13,774.18 in total.
NatWest Personal Loan Ex/C
Loan Amount
£1,000 to £25,000
Representative APR
4.9% APR
(£7,500 to £14,950)
Loan Term
1 year to 7 years
If you choose to repay your loan early, an early redemption charge of up to 58 days' interest will apply. Other loan amounts are available at alternative rates. Rates depend on circumstances and loan amount.
Available to existing customers only.
Representative Example: The Representative APR is 4.9% APR (fixed) so if you borrow £7,500 over 5 years at a rate of 4.9% p.a (fixed) you will repay £140.81 per month & £8,448.60 in total.
RBS Personal Loan Ex/C
Loan Amount
£1,000 to £25,000
Representative APR
4.9% APR
(£7,500 to £14,950)
Loan Term
1 year to 7 years
If you choose to repay your loan early, an early redemption charge of up to 58 days' interest will apply. Other loan amounts are available at alternative rates. Rates depend on circumstances and loan amount.
Available to existing customers only.
Representative Example: The Representative APR is 4.9% APR (fixed) so if you borrow £7,500 over 5 years at a rate of 4.9% p.a (fixed) you will repay £140.81 per month & £8,448.60 in total.
Yorkshire Bank Personal Loan
Loan Amount
£1,000 to £25,000
Representative APR
4.9% APR
(£7,500 to £14,999)
Loan Term
1 year to 7 years
Apply online and get an instant decision. Any purpose loans. You can repay your loan in full and part at any time and they'll reduce the total credit payable under the agreement. Rates available online, in branch and via telephone.
Representative Example: The Representative APR is 4.9% APR (fixed) so if you borrow £12,500 over 4 years at a rate of 4.9% p.a (fixed) you will repay £286.97 per month & £13,774.18 in total.
Ulster Bank Personal Loan Ex/C
Loan Amount
£1,000 to £25,000
Representative APR
6.4% APR
(£7,000 to £14,950)
Loan Term
1 year to 5 years
Available to existing customers only.
Representative Example: The Representative APR is 6.4% APR (fixed) so if you borrow £7,500 over 5 years at a rate of 6.4% p.a (fixed) you will repay £145.76 per month & £8,745.60 in total.
Moneyway Plus Loan
Loan Amount
£3,000 to £15,000
Representative APR
7.9% APR
(£5,001 to £7,000)
Loan Term
1 year to 5 years
Representative Example: The Representative APR is 7.9% APR (fixed) so if you borrow £7,000 over 3 years at a rate of 7.9% p.a (fixed) you will repay £218.15 per month & £7,853.40 in total.
RateSetter 1 Year Loan
Loan Amount
£1,000 to £25,000
Representative APR
9.2% APR
(£1,000 to £25,000)
Loan Term
1 year
Quick and simple online process, approval within 24 hours. No early repayment charges and all fees are included in the APR. Need good credit history.
Representative Example: The Representative APR is 9.4% APR (fixed) so if you borrow £5,000 over 1 years at a rate of 4.4% p.a (fixed) plus an arrangement fee of £125.50 you will repay £437.31 per month & £5,247.72 in total.
Lendable 1 Year Loan
Loan Amount
£1,000 to £15,000
Representative APR
13.1% APR
(£1,000 to £15,000)
Loan Term
1 year
Online Application, instant decision & funds within 2 hrs. Repay early or overpay without charges. Rates fully personalized to circumstances.
Good credit rating required.
Representative Example: The Representative APR is 13.1% APR (fixed) so if you borrow £7,500 over 1 year at a rate of 7.69% p.a. (fixed) plus an arrangement fee of 2.9%, you will repay £670.23 per month & £8,042.78 in total.
Evolution Money Personal Loan
Loan Amount
£1,000 to £15,000
Representative APR
17.6% APR (variable)
(£1,000 to £15,000)
Loan Term
1 year to 10 years
This is an unsecured loan, but you must be a homeowner to apply as it is designed for homeowners who would prefer not to secure a loan against their property.
Representative Example: The Representative APR is 17.6% APR (variable) so if you borrow £5,000 over 5 years at a rate of 12.7% p.a (variable) plus an arrangement fee of £500.00 you will repay £122.34 per month & £7,340.67 in total.
Citrus Loans Personal Loan
Loan Amount
£500 to £20,000
Representative APR
22.5% APR
(£500-£20,000)
Loan Term
1 year to 3 years
This is a loan broker.
Representative Example:The Representative APR is 22.5% APR (fixed) so if you borrow £3,000 over 2 years at a rate of 20.5% p.a. (fixed) you will repay £153.38 per month & £3,681.05 in total.
Moneyway Personal Loan
Loan Amount
£1,000 to £15,000
Representative APR
24.9% APR
(£5,000 to £6,999)
Loan Term
1 year to 5 years
Representative Example: The Representative APR is 24.9% APR (fixed) so if you borrow £5,000 over 4 years at a rate of 22.46% p.a (fixed) you will repay £158.73 per month & £7,619.04 in total.
AvantCredit Personal Loan
Loan Amount
£500 to £20,000
Representative APR
48.5% APR
(£500 to £20,000)
Loan Term
1 year to 5 years
Fast funding within the same day of submitting the online application. No arrangement or early payment fees & not required to have a guarantor or own a home.
Representative Example: The Representative APR is 48.5% APR (fixed) so if you borrow £3,000 over 1 years at a rate of 40.17% p.a (fixed) you will repay £307.60 per month & £3,691.20 in total.
Bamboo Personal Loan
Loan Amount
£1,000 to £5,000
Representative APR
49.7% APR
(£1,000 to £5,000)
Loan Term
1 year to 5 years
Fast online and mobile application with same day pay out available.
Representative Example: The Representative APR is 49.7% APR (fixed) so if you borrow £2,600 over 3 years at a rate of 41% p.a (fixed) you will repay £126.61 per month & £4,557.89 in total.

money.co.uk, Dot Zinc Limited, 160 Fleet Street, London. EC4A 2DQ. We are a Credit Broker for all consumer credit products promoted on money.co.uk.

We provide an independent comparison service free of charge but we may receive a commission from some of the companies we refer you to. These are indicated with purple buttons.

How to Compare 12 Month Loans

If you need to borrow but don't want to be repaying a loan for years, loans for 12 months may be the ideal solution. Here's how to compare 12 month loan lenders to make sure you find the best 12 month loan company in the UK for your finances.

A 1 year loan can be ideal if you need to borrow a significant sum of money but don't want to be committed to a long term loan over several years.

However, with so many one year loans on the market it's essential to find the cheapest loan to keep your borrowing costs down. We explain how:

How to find the best 12 month unsecured loans

If you need a loan for 12 months making sure you're getting the best deal possible is a must to ensure you pay as little as you can for your borrowing.

The main cost of taking out loans over 12 months is the rate of interest or APR you'll be charged on the loan. As a rule, the lower the APR or interest rate, the cheaper your 1 year loan will be.

The 'headline rate' quoted by most loan lenders is a representative example of what you could pay if you take out the loan. However, the actual rate that you'll be quoted when you apply for a loan is likely to depend on the amount you are looking to borrow and your credit rating.

For this reason it's important that you find the cheapest one year loan for your personal circumstances so you pay less from your borrowing overall.

Before you apply for the cheapest 1 year loans on the market, you need to ensure the loan on offer meets your needs.

How much do you need to borrow?

The best 1 year loan for you will vary depending on the amount of money you want to borrow.

It's often the case that the more you borrow the lower the interest rate, with the best rates generally offered on loans over 7,500; however it's never a good idea to borrow more than you need.

Instead you need to calculate exactly how much you need to borrow and look for the cheapest 1 year loan for that amount.

Do you qualify?

Often the cheapest loans will apply stringent application criteria, meaning that unless you have an impeccable credit history and high regular income you won't qualify for their headline rate. However, even if you don't have a gleaming credit history, you should still be able to get an affordable one year loan.

You simply need to check the application criteria of each loan before you apply, to make sure you tick all the boxes.

If you have a poor credit history, or have defaulted on previous loans or credit cards you may need to consider looking at 12 month loans for bad credit.

Although these loans are more expensive they will consider applications from borrowers with a poor credit record, while other 12 month lenders will simply reject your application.

Can you repay early?

Most small loans over 12 months come with the flexibility to allow you to repay your loan in full early.

However, the cost of repaying early can vary from provider to provider so if you think there's a chance you might want to repay your loan early you need to check exactly how much this might cost.

Weigh up if greater flexibility to repay early is important and in some cases worth paying extra for, or whether you simply want to find the cheapest loan possible and are happy to be tied into repaying over 12 months.

Once you've decided exactly what you need from your 1 year loan, you can compare the loans side by side using our one year loans comparison table to find the best deal.

Featured guide

How to get a bank loan

Looking for cheap bank loans? Our guide will show you how to get the best bank loan rates possible.

Popular guides

How to write a cheque

Writing a cheque is becoming a dying art but still one you need to master. So whether it is to pay a bill or for a friend's birthday, here is how to write a cheque.

Do you have to pay private parking tickets?

Returning to your car to find a parking ticket attached to your windscreen can make your heart sink. However, with unscrupulous private parking companies issuing tickets beyond their authority we ask, do you have to pay up?

What is the new Right to Buy scheme?

A revamped Right to Buy scheme offers council tenants in England up to 77,900 (or 103,900 in London) off the market price of their council home. Here is what you need to know about the scheme.

Related categories