12 Month Loans

A sudden emergency left you scrambling for funds, but the hassle of loan repayments seems daunting? FastPaydayLoans is here to help! Get a 12-month loan from UK direct lenders partnered with us and borrow the money you need today.


What Are 12-Month Loans?

12-month loans are short-term loans that can be repaid over a year. These loans are considered popular in many countries including the UK and the US. These loans have a term of 12 months and are paid back regularly. They are also referred to as payday loans or installment loans. These loans tend to have remarkably high-interest rates.

As a trustable broker, FastPaydayLoans provides users with an easy-to-use web portal to connect with lenders. You can rest assured using our platform featuring the following characteristics:

Features of Our 12 Month Loans

  • Effortless Application

The 12-month loan online does not require you to go through the tedious task of filling out paperwork and providing all sorts of documents. You can just apply online!

  • Quick Approval

The best thing about 1-year loans is that our lenders might help you get the loan the same day you apply for it. No waiting around for the money, tend to your emergency immediately.

  • No Collateral Requirement

Unlike other loans, you do not have to provide collateral to secure the loan, making these 12-month loans from a panel of direct lenders the best option for quick money.

  • Longer-term Repayment

The year-long repayment period ensures that borrowers' 1-year loans are not hanging over their heads. Their payments can easily be made whenever they receive their salaries.

Why Trust FastPaydayLoans?
How much can I take out?£100-£5000No obligation quotes
Representative APR49.7%(variable)Competitive rates
Will bad credit be accepted?YesLenient requirements
What are the repayment periods?1-36 monthsFlexible loan term options
How can I apply?Apply online24/7 available
Get Started

What Can I Use A 12 Month Loan For?

Various urgent needs and emergencies can be addressed with the help of 12-month loans when you cannot pay for them yourself. These include:

  • Medical Bills

In case of a medical emergency, it can be difficult to arrange money to pay off medical bills on short notice. The 12-month payday loans can be obtained the same day you applied when you’re in lack of funds before your next payday.

  • Travel Expenses

If you are required to travel somewhere but your pocket will not be able to bear the travel expenses, pay for them using these 12-month payday loans and enjoy your holiday.

  • Wedding Expenses

Weddings can be expensive, and if you find yourself short of money; do not compromise and settle for less. You can always turn to 12-month payday loans for financial aid.

  • Utility Bills

The 12-month loans are the best option for the unemployed to get the utility bills off your back till you get back on your feet.

Can I Get A 12 Month Loan with Bad Credit?

Financial instability can be intimidating and hard to go through. At such times, loans are often the only hope, but bad credit can make the whole procedure a lot more hectic. Acquiring credit from banks or lenders is arduous and frustrating, especially when you keep applying for credit to make ends meet.

However, having a bad credit history does not mean you cannot have access to loans. We offer 12-month loans to people with bad credit if they can abide by our terms. Lenders will examine your application and current financial situation to evaluate. Next, we will walk you through the steps of applying for a 12-month loan.

default img

Get Cash When You Need It Most

Get Started

How to Apply for 12 Month Loans?

The process is simple and straightforward for you to borrow money. Just follow these simple steps:

Start Application

Before applying, make sure you meet the eligibility criteria for the loan. If you are eligible, start your application by filling out the online form. After you have entered the required information, submit your application and we will deliver it to our lenders.

Instant Decisions From Lenders

Your application requests will be reviewed by the UK lenders we work with and they will make instant decisions. You can choose to accept an offer based on their needs.

Get Your Cash

Once your loan application is approved, the process of disbursal is quite smooth and straightforward. You’ll receive the cash in your bank account as soon as possible.

How much would you like?

12 month

Representative Example: Rates from 43.1% APR to 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £1,200 borrowed for up to 75 days. Total amount repayable is: £1506. Interest charged is 0.34% per day, amounting to £306, annual interest rate of 124% (variable). Representative APR: 49.7% (variable).

Eligibility Criteria Of 12-Month Loans:

To apply for a 12-month loan, one must meet the requirements outlined in the law. The eligibility criteria are:

  • The borrower must be at least 18 years old.
  • For confirmation, they should be able to provide their residency permit, passport, and latest electricity bills.
  • To ensure that they can repay the loan, they should have a clean credit history.
  • For clarification purposes, you must provide your work history.

What If I Can Not Afford A 12-Month Loan?

If you think that you will not be able to afford the monthly repayments, getting the loan might not be a good choice. If you cannot afford to repay the loan over a year, you may not be able to obtain 12-month loans directly from lenders. It is best to take out loans for a longer period of time, such as 24 or 30 months. With the extended period, the monthly repayments will be reduced. Reduced payments will be easier to pay off, and you will not be weighed down with extreme monthly repayments.


Do I Need A Guarantor For A 12-month Loan?

No, as the 12-month loans are unsecured you do not need a guarantor. But before applying for it, make sure to contact your lender to avoid any confusion.

Can I Pay Back The Loan Earlier?

You are free to repay the loan whenever you like. If you are curious whether this will save you interest or other loan conditions, we advise you to contact your lender directly and ask him to clarify.

How Long Will It Take To Apply Online?

If you have all the required information ready, it will only take as little as 5 minutes to fill out the form and apply.

Can I Use The 12-Month Loan To Pay Off Other Debts?

Although it is not advised to use a loan to pay off debts, some lenders might allow you to use it to pay off a debt or for anything from bills, and unexpected expenses.

How Long Will It Take To Receive The Funds?

When your application has successfully undergone evaluation and is deemed approved, the rest of the process is fairly quick. You will receive your loan funds the same day you apply for it or the next working day.

default img
default img

Related articles

View More >>

  • 6 Month Loans

    We provide 6 Month payday loans with easy one-day process and high approval rate. No restrictions on use. Check it out!

  • £400 Loan

    Getting a £400 Loan has become extremely convenient now. Find out how to get £400 Loan in a jiffy.

  • 3 Month Loan

    At FastPaydayLoans, we match you with trustworthy lenders to deal with your urgent financing package. Get your 3 month payday loan with instant payout to alleviate the shortage of funds now!

default img

Get Started with Our 12 Month Loans Now!

Having a financial crisis? We are here to help. Get Started with a 12-month loan online application and borrow the money you need with us now!

Get Started Today