12 Month Loans

At Simple Personal Loans, you can borrow 12 month loans for £1000 and up. We also offer other repayment options ranging from 12 to 72 months, so you’ll be able to find a repayment plan that’s affordable for you.

Poor credit ratings and bad credit histories are often seen as barriers to securing finance. However, there may still be a way that you can access the money you need, at Simple Personal Loans, all credit histories are welcomed. After all, we understand that life sometimes gets in the way, and you may need access to additional funds from time to time.

How much can I borrow over 12 months?

Small loans over 12 months can be useful in helping to pay off any unexpected bills, or for helping to complete any essential home improvements.  This is why we offer 12 month loans with no guarantor.

When taking out a 12 month loan, you’re able to take out a suitable amount that you’re able to repay back within the 12 month period. Whether that is £1000 or £3,000, make sure that you’re in a good financial situation in order to repay your loan.

How much do 12 month loans cost?

Does a twelve month loan fit within your budget? Check out typical costs for the most popular loan amounts borrowed over 12 months.

 Repay in 12 Monthly Instalments*
Amount Borrowed 12 PaymentsTotal Repayable


*Examples are for illustrative purposes only. Calculations are based on annual interest rates between 5.9%. If you apply with Simple Personal Loans and are accepted, the actual cost may vary depending on the lender you’re matched with and the rate you are offered.

Am I eligible for a 12 month loan?

If you think a 12 month loan from Simple Personal Loans is the right choice for you, just choose how much you’d like to borrow, select the 12 month term and start your application. If you’re still exploring, why not use the slider to explore our full range of loans?

Our service is completely FREE to use and is available to UK residents age 18 and over. To apply for a 12 month loan with us, you must have a stable source of income, whether that be a job or benefits. You’ll also need a bank account with a debit card, a mobile phone and an active email address so that we can process your application.

Repaying 12 month loans

Most 12 month instalment loans are repaid in 12 equal monthly instalments. The lender will make arrangements to take repayments directly from your bank account on agreed dates. Your repayment plan, which forms part of the loan agreement, will set out the twelve instalment amounts and dates so that you can plan ahead.

Other repayment alternatives

Twelve-month loans, not quite the right fit? Why not check out these popular alternatives:

  • 18 month loans
  • 24 month loans
  • 36 month loans
  • 48 month loans