12 month loans up to £5,000

  • Free and no obligation quote
  • No impact on your credit score*
  • Loans for all credit types

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

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Representative APR 278% Representative Example: £500 borrowed for 90 days. Total amount repayable £672.60. Total Interest £172.60. Interest Rate 140.0% (variable)

12-month payday loan

Do not allow a bad credit rating stop you from securing the finance you need.

Our site offers 12-month loans despite poor credit or a bad credit history. In the event of an unforeseen bill or living expense, a small loan spread over a 12-month period could bring comfort to the individual repaying the debt. Life can present unexpected challenges, in these circumstances, it can be difficult to assess the best options especially if the matter is urgent.

We specialise in 12-month loans for bad credit individuals who have, like many others, failed to pay a previous payment and have been ‘branded’ an unreliable borrower. Conventional financial institutes such as banks, either reject individuals with poor credit or charge high interest. We offer individuals a reasonable interest/APR rate and follow FCA guidelines to have a capped 0.8% rate per day.

Customer-satisfaction is number one in our books, and we thrive on providing solutions to financial hardship for consumers. Despite a poor credit rating or unemployment, you still have choices to resolve financial adversity. We understand that in times of need it is essential to feel confident in the choices you make. It is easy to succumb to ‘quick-fix’ loans which end up derailing your future finances with extravagant interest rates. We have built an online process which is secure, easy to use and takes less than 2 minutes to complete.

12-month loan guide

A 12-month loan is also commonly known as a personal loan or long-term loan. This type of loan can be obtained as either a secured loan or an unsecured loan. An individual who has poor credit history can choose to have a guarantor co-sign, meaning the chances of being accepted by a lender will increase. This type of loan can be applied for online with minimal fuss and a quick response rate on approval.

Spreading the repayment cost across 12 months means you will owe smaller amounts on a monthly basis, making budgeting easier to manage. Before taking a 12-month loan, ensure you budget well to afford the repayments to your 52-week direct loan lender. Making repayments on time will help improve your bad credit rating in the future.

It is important to note that non-payment of a 12-month loan can negatively impact your credit rating. In the case of a secured 12-month loan, you could end up losing the collateral. In the case of a guarantor, they would need to cover the repayments then or face losing anything they have offered as security against your loan.

If you are interested in taking a 12-month loan, it is recommended the loan has a purpose. In the case of an emergency, unexpected bill or project borrowing money is a justified reason. Taking a loan for the sake of it can lead to financial worries down the line.

No matter the cause, you can borrow £100 to £5,000 direct to your bank account the same day with a 12-month loan. Giving you 52-weeks to plan, budget and repay the amount you have borrowed. Most 12-month loans are repaid in 12 equal monthly instalments, but each lender is different and can specify a repayment plan that you can afford.

Apply for a 12-month loan today

We require an individual to be over the age of 18 years old, a UK citizen and have a bank account in which we can send the funds directly to the same day. If you are interested in taking out a 12-month payday loan we recommend you have a steady income, as you will need to budget accordingly to make sure the loans fully repaid. This will aid towards improving your credit score, and will not leave a negative impact on your credit rating.

Our Site offers a 100% free and easy 12-month loan online application. A quick loan decision will be made within 90 seconds and will leave no footprint on your credit rating. Our site’s online application is user-friendly and doesn’t leave a mark on providing you with a free quote with options.

We work alongside a panel of direct loan lenders who offer different financial products, which include, same day 12-month payday loans for bad credit. Our application assesses each detail you provide and works to find a perfect online direct lender match based on your profile. The process considers 12-month loans which match a lender willing to accept you, totalling less than 2 minutes.

12 Month Loans Pros

  • Submit your application and receive funds within 15 minutes. The most convenient, and easiest method to obtain cash
  • Spread payments across the 12 month period, giving you control over your finances and lower monthly payments
  • No hidden fee’s or costs

12 Month Loans Cons

  • Higher interest rate as 12 month loans are usually unsecured, meaning the lender has no security against your loan
  • A longer commitment time