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The cost of borrowing £300 over 6 months:

#1
Fast Loan UK £507.48
#2
Mr Lender £544.00
#3
Cashasap £556.23
#4
Lending Stream £579.00
#5
Money Platform £586.26
#6
Savvy £595.00
#7
QuidMarket £596.46
#8
Cash4unow £599.82
#9
Fernovo £595.92
#10
Ticktock Loans £595.92
#11
Loan Pig £595.92
#12
Moneybag £600.00

Proud to offer the cheapest instant short term loans in the UK

Compare our loans to other lenders here

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

Representative example:

Borrow: £300 over 8 months. 8 repayments of £70.31. Total amount payable £562.44. Interest rate: 130.21% pa (fixed). Representative APR: 840.75%

12 Month Loans From A Trusted Direct Lender

If you’re looking for an affordable loan to manage urgent or unexpected expenses, our 12 month loans could be a good solution for you. Returning customers who have successfully repaid their first loan in full can choose a repayment period of up to 12 months and up to a maximum of £2,000 loans.

We understand the importance of quick and efficient loan services. That's why we offer fast loan decisions and same day loans for eligible applicants where possible. As responsible lenders, we always prioritise the well-being of our customers. We’ll evaluate each 12 month loan application carefully to ensure that you are in a position to repay the loan.

You should only apply for short term loans and payday loans to cover essential expenses when you have no other means of resolving your situation, such as savings or available credit.

For new customers, you can choose a maximum repayment term of up to 8 months on a loan amount of up to £800. If you need our help in the future and have successfully repaid your first loan with us, you may then be eligible to apply as a returning customer for a 1 year loan. We also offer loans with shorter repayment terms such as 4 month loans or 1 month loans.

Am I Eligible For a 1 Year Loan?

Before you apply for 12 month loans, you need to meet certain eligibility requirements. You must be:

  • At least 18 years old
  • A UK resident
  • Be in full-time, part-time employment and have a regular income
  • Have a valid bank account and debit card

We try to help as many people as possible to get the funds they need if they have no other financial options. To find out if we can help you find 12 month loans, click Apply Now and your personal Customer Care Manager can get started.

Can I Get 12 Month Loans with Bad Credit?

At Fast Loan UK, we offer a comprehensive lending solution for those facing unexpected financial issues. Our 12 month loans for bad credit lenders can potentially offer you bad credit loans, even if you have been turned down for loans elsewhere.

Our loans for 12 months are designed with affordability in mind, with equal monthly repayments spread over a term of up to 12 months. However, if you have the means to make larger repayments each month, opting for a shorter loan term may be a more affordable and suitable option as you will pay less interest.

It's important we have a clear understanding of your finances, including what you can afford to repay. Our goal is to ensure that our customers receive the financial support they need, when they need it, with the utmost transparency and fairness. We prefer to rely on personal judgement rather than automated decision-making to ensure that all applications for 12 month loans are treated fairly, regardless of credit history.

Why Choose Fast Loans for a 12 Month Loan?

Our lending practices align with the standards set by the Financial Conduct Authority (FCA) at Fast Loan UK. Taking on loans for 12 months is a significant financial decision, and it’s our responsibility to ensure that you have an affordable loan that you can sustain.

As FCA approved 12 month loans for bad credit lenders, we will never approve a loan to someone who is already struggling with their finances or cannot manage the repayments. If, however, you do have the means to repay a loan and our assessment determines a 12 month loan is the best option for you, we will be glad to assist.

Keeping Our Customers Happy

All applicants will have a personal Customer Care Manager who will take the time to thoroughly assess the affordability of a loan. Whether you're a first-time borrower with us seeking a term of up to 8 months or a returning customer in need of 12 month loans with bad credit, we'll provide a tailored solution to meet your needs. We can offer low APR loans, along with 12 month loans for bad credit, depending on your application.

How To Apply For 12 Month Loans

To be eligible to apply for a 12 month loan, you’ll need to meet the following:

  1. Be aged 18 years or over. 
  2. A current UK resident.  
  3. In full or part-time employment, or self-employed.  
  4. Receiving regular income.  
  5. Able to provide bank account and debit card details.  
  6. Be a returning customer who has repaid their first loan in full.

As you will be a returning customer for a 12 month loan, we will review the information you previously provided and verify that nothing has changed since your previous loan with us. However, for those applying for the first time, keep in mind that the longest repayment term you can receive on your initial loan is 8 months.

Our loan decision is made in principle immediately, and if approved, you may receive the funds the same day for a 1 year loan. This allows you to quickly settle your emergency bill and get back on track without worrying about the financial burden. This will depend on the time of your application and if your bank supports the Faster Payment System (FPS).

If you’re ready to apply now, start your application and we’ll provide you with an agreement in principle once it’s complete. If you have any questions about our 1 year loans, please contact us. As trusted 12 month loans direct lenders, we’re happy to help answer any queries you may have and provide more information.

Frequently Asked Questions

How much can I borrow?

The loan amount depends on your individual circumstances and creditworthiness. We offer flexible borrowing options that are tailored to your financial needs. We can offer loans of up to £800 for new customers and up to £2,000 for returning customers.

Will applying for loans for 12 months affect my credit score?

We will conduct credit checks to assess your affordability. This may temporarily affect your credit score.

Can I repay a 12 month loan early?

You’ll need to speak with your Customer Care Manager if you want to repay your 12 month loan early. If you pay your loan off early, we will only charge you interest for the days you borrow.

What happens if I miss a 12 month loan repayment?

You may be faced with a late payment fee and it could negatively impact your credit score.

How will my loan amount be determined?

There are various factors that influence how much you can borrow, including your income, credit history and your existing financial obligations.

How long does the application process take?

You can apply for a 12 month loan using our online form in a matter of minutes. After you’ve been approved for a 12 month loan, we’ll aim to transfer the funds into your account quickly, which can be within 24 hours.

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Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk
Don’t Go Just Yet!
Proud to offer the cheapest instant short term loans in the UK

The cost of borrowing £300 over 6 months:

#1
Fast Loan UK £507.48
#2
Mr Lender £544.00
#3
Cashasap £556.23
#4
Lending Stream £579.00
#5
Money Platform £586.26
#6
Savvy £595.00
#7
QuidMarket £596.46
#8
Cash4unow £599.82
#9
Fernovo £595.92
#10
Ticktock Loans £595.92
#11
Loan Pig £595.92
#12
Moneybag £600.00
Apply Now!