Compare 12-Month Unsecured Loans

Compare interest rates available for 12 month unsecured personal loans. Compare a range of personal loans from UK lenders and check your eligibility* without impacting your credit score

Checking your eligibility won't affect your credit score

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  • M&S Bank Personal Loan logo

    M&S Bank Personal Loan

    • Representative APR
      2.8% APR
    • Available Amounts
      £1,000 to £25,000
    • Min / Max Terms
      1 to 7 years
  • Post Office Money Personal Loan logo
    Broker

    Post Office Money Personal Loan

    • Representative APR
      8.1% APR
    • Available Amounts
      £1,000 to £25,000
    • Min / Max Terms
      1 to 7 years
  • Admiral Personal Loan logo

    Admiral Personal Loan

    • Representative APR
      9.9% APR
    • Available Amounts
      £1,000 to £25,000
    • Min / Max Terms
      1 to 5 years
  • Shawbrook Personal Loan logo

    Shawbrook Personal Loan

    • Representative APR
      13.9% APR
    • Available Amounts
      £1,000 to £35,000
    • Min / Max Terms
      1 to 7 years
  • Zopa Personal Loan logo
    Peer To Peer

    Zopa Personal Loan

    • Representative APR
      15.4% APR
    • Available Amounts
      £1,000 to £25,000
    • Min / Max Terms
      1 to 5 years
  • Fintern Personal Loan logo

    Fintern Personal Loan

    • Representative APR
      18.8% APR
    • Available Amounts
      £1,000 to £7,500
    • Min / Max Terms
      1 to 3 years
  • My Community Finance Personal Loan logo

    My Community Finance Personal Loan

    • Representative APR
      18.85% APR
    • Available Amounts
      £1,500 to £25,000
    • Min / Max Terms
      1 to 5 years
  • KOYO Personal Loan logo

    KOYO Personal Loan

    • Representative APR
      24.9% APR
    • Available Amounts
      £1,500 to £12,000
    • Min / Max Terms
      6 months to 5 years
  • BetterBorrow Personal Loan logo

    BetterBorrow Personal Loan

    • Representative APR
      27.1% APR
    • Available Amounts
      £1,000 to £12,000
    • Min / Max Terms
      1 to 5 years
  • LiveLend Personal Loan logo

    LiveLend Personal Loan

    • Representative APR
      29.9% APR
    • Available Amounts
      £1,000 to £12,000
    • Min / Max Terms
      1 to 5 years
  • Lifestyle Personal Loan logo

    Lifestyle Personal Loan

    • Representative APR
      49.9% APR
    • Available Amounts
      £1,000 to £5,000
    • Min / Max Terms
      1 to 5 years
  • 118 118 Personal Loan logo

    118 118 Personal Loan

    • Representative APR
      49.9% APR
    • Available Amounts
      £1,000 to £5,000
    • Min / Max Terms
      1 to 3 years
  • Bamboo Personal Loan logo

    Bamboo Personal Loan

    • Representative APR
      59.7% APR
    • Available Amounts
      £1,000 to £8,000
    • Min / Max Terms
      1 to 5 years
  • Likely Loans logo

    Likely Loans

    • Representative APR
      59.9% APR
    • Available Amounts
      £500 to £5,000
    • Min / Max Terms
      1 to 3 years
  • Salad Money Personal Loan logo

    Salad Money Personal Loan

    • Only available to key workers
    • Representative APR
      69.9% APR
    • Available Amounts
      £500 to £1,000
    • Min / Max Terms
      12 to 18 months
  • Everyday Loans Personal Loan logo

    Everyday Loans Personal Loan

    • Representative APR
      99.9% APR
    • Available Amounts
      £1,000 to £15,000
    • Min / Max Terms
      1 to 5 years

If you are thinking of consolidating existing borrowing you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.

Our service is free of charge but we receive commissions from the providers we refer you to. This table is initially ordered by representative APR. You can use the options above the table to order it according to various criteria. You may be offered different rates depending on your personal credit rating.

Our comparison service features a selection of providers from whom we receive commission.

Monevo Logo

*Eligibility Service:

The loans eligibility service is fully provided by Monevo.  The data you supply is directly submitted to Monevo and is used to retrieve loan quotes from their panel of lenders.  By using their loans eligibility service you are agreeing to Monevo’s terms and conditions and privacy policy which can be found at Monevo.co.uk

Monevo.co.uk is a registered Trading Name of Monevo Limited which is an Appointed Representative of Quint Group Limited, and is entered on the Financial Services Register under reference number: 723672.  Quint Group Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 669450.  Monevo Limited is registered in England and Wales (Company number 06511345). Registered office: Glasshouse, Alderley Park, Nether Alderley, Cheshire,SK10 4ZE.  Licensed by the Information Commissioners Office, (Registration number Z1498441).

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12-Month Unsecured Loans FAQ

What is a 12-month unsecured loan?

12-month unsecured loans require a borrower to repay a lender an agreed sum over a year-long period, in the form of monthly instalments. The value of loans available for 12 months can vary depending on the lender you choose. Unsecured loans are personal loans, and not secured against an asset such as property.

Why might I need a 12-month unsecured loan?

If you require a loan of an amount over around £1000 then you will find that terms from lenders start at around 12 months. This type of borrowing gives you a fixed time frame of exactly 12 months to repay the loan, in the form of monthly instalments.

How does a 12-month unsecured loan differ from a short-term loan?

A more short-term loan will require you to repay the loan in a shorter time frame, requiring greater urgency. A longer-term loan such as a 12-month unsecured loan gives you regular intervals over a longer duration of time to pay back the loan. You can agree on the scheduling of payments with your loan provider to match your financial situation.

How much will a 12-month unsecured loan cost me?

Charges made up of interest and fees, will vary between lenders. The term and amount you borrow will affect the rates on offer too. Compare lenders and rates for the amount you wish to borrow. Remember the longer the term of the loan, the longer interest will accrue and may push up the total cost of the borrowing.

How do I get the best deal for a 12-month unsecured loan?

To ensure your 12-month unsecured loan is right for you, make sure to get quotes online from several providers and compare them diligently before going ahead with any specific deal. Budget for the value of the loan as well as the different levels of interest that will be payable, to make sure you have found a plan that is sustainable. Also, watch out for any entry fees or additional charges that may apply. Only take out a deal in the knowledge that you can afford it.

Does a credit score matter more with longer-term loans?

Lenders providing 12-month unsecured loans will consider your credit history as one of the main conditions for lending. This is because these types of loans often provide larger sums of money to borrowers, and with this comes a greater risk to lenders. Knowing that you have a reliable credit history will offer them more security, improving the chances of you receiving a loan.

Many lenders will view a poor credit history as undesirable or too risky, when dealing with loans involving larger sums of money taken out over a longer duration.

Is early payment possible on my 12-month unsecured loan?

Early repayment on personal unsecured loans is usually possible. When researching potential lenders, it is worth studying terms and conditions carefully to make sure you know what your lender’s policies are, regarding early payment, including fee’s before signing any loan agreement.