12 Month Loans
12 month loans help you spread the cost of a short term loan. Get an instant decision with no fees and no credit checks.^
Representative 49.7% APR. Warning: Late repayment can cause serious money problems. For help, please visit the Moneyhelper website.
We are an authorised credit broker and not a lender.
Representative 49.7% APR
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).
Lendability is a credit broker and not a lender. High cost short term credit is unsuitable to support sustained borrowing over long periods and would be expensive as a means of longer term borrowing
12 Month Loans from Lendability
If you would like to take a loan over a longer period then 12 month loans could be the answer for you.
12 month loans allow you to spread the total cost of your loan over 12 equal instalments, making it easier to manage.
This type of loan is perfect for those who may have bad credit or who need a longer repayment period.
A 12 month loan could help you to cover unexpected expenses, consolidate your debts or even take a holiday.
When it comes to getting a 12 month loan, there are a few things you should keep in mind.
Firstly, make sure you can afford to repay the loan over 12 months – the last thing you want is to get into debt.
Secondly, make sure you compare different lenders to find the best deal for you.
And finally, read the terms and conditions carefully before signing up.
How it works
We have worked hard to make the loan application process as simple as possible to ensure you get your loan when you need it.
APPLY ONLINE
This application is 100% safe and secure, your data is encrypted. Applying with Lendability will not affect your credit score.^
CHECK OFFERS
Wait for your loan results and check the loan terms and conditions. You must ensure it is affordable before accepting any offer.
GET FUNDS
Once you have signed your loan documents and the lender has made their final checks, your loan will be sent to your bank account.
12 Month Loans
How is a 12 month loan repaid?
A loan for 12 month would usually be repaid in equal monthly instalments every month, repayment dates would usually fall on or around your pay day.
How much can I borrow for 12 months?
You can borrow as much as you need, up to £5000 – as long as the loan is affordable for you.
Will you credit check me?
No, we will only perform a soft check that will not harm your credit score.
I have been declined for a loan recently, can I apply?
Yes, you can as our application will not harm your credit score. Lenders will perform a full credit check if your applicaton is accepted.
Ready to apply for a loan?
Guides & Articles
Take a look at a selection of our most popular guides and articles about personal finance and the loans that we offer.
^Lendability will not perform a credit check, lenders may complete a soft check when considering your application for a loan. If you accept a loan offer, the lender will perform a hard search which may be recorded on your credit report. Not all lenders are able to make same day payments and this may also depend on your bank.
Lendability does not charge its customers for using its credit broking services but we may receive a commission from lenders or other brokers if a customer accepts any credit related offer or enters a credit agreement through this website.
Lendability is a trading name of Warwick Financial Services Limited, a company registered in England and Wales with company number 09011092. Registered office: 4th Floor, 18 St Cross Street, London, EC1N 8UN. FCA Licence number 622839. ICO registration number ZA101793.