Royal Wootton Bassett loan broker

12 Month Loans

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Need a loan you can repay in 12 months? To find out how much a 12 month short term loan could cost, please complete your details and you will get a personalised 12 month loan quote. 12 month loans are short term loans and are available for people with a poor credit record and young people aged 18 plus.

What is a 12 month Loan?

12 month loans are short term loans that are paid back over a period up to a year. The payments are normally smaller and in more manageable installments than a Payday loan.

Why take out a twelve month Loan?

Short term loans can provide easy access to credit, even if you have defaults, CCJs or a bad credit record. If you have a poor credit history, short term loans can be one of the few ways you can access credit. Banks on the High Street are unlikely to lend to borrowers with low credit ratings, but short term loan companies will often take the risk because of the smaller amounts involved and the fast payback time.

WARNING. Short term loans are often taken out by people who cannot afford them or who may already have other debts. If your circumstances change, there may not be enough income to meet the loan repayments and you could get caught in a spiral of increasing debt.

Am I eligible for a 12 month Loan?

Looking for a loan under £25000?
low income loans

To be eligible for a short term Loan, you need to be a minimum of 18 years of age, be a UK resident, have a valid UK bank account, are employed and receive a regular pay cheque

At 1st Loan, we work with brokers who specialise in short term loans for people who have an immediate financial requirement, such as a car service or repair or an unexpected bill that has to be paid now. The terms of any loan offered will depend on your circumstances. You can apply for a 12 month loan up to a maximum of £2,000. You can apply today even if you have a poor credit record.

Who should consider a short term loan?

Taking on a short term loan is something that needs to be fully thought through. It should only be considered in an emergency situation. Short term loans should only be used for temporary money problems; they are not meant to be used as a long term solution. However, if you believe that a short term loan is right for you and you are confident that you can make the repayments on time, please complete the short application form.

How much will a 12 month loan cost me?

You need to complete the short application form to find out how much a loan will cost you.

Please make sure a short term loan is right for you before taking it out. You should always think very carefully before committing to any form of credit or borrowing money.

Please remember that short term loans should only be used for very short term financial needs. Short term loans are not suitable for long term borrowing

Financial Difficulties

If you're trying to manage existing debt or in financial difficulty, consider what your options are before you borrow. For further help on managing your money visit the Money Advice Service.


Links

Further information on personal loans: Wikipedia information on Loans
Credit Reference Agencies Experian Equifax



Our fast, secure application gives you access to multiple lenders, finding you the cheapest loan based on your personal circumstances*.

For short term loans, payday loans, guarantor loans, car loans, unsecured homeowner loans
  • Our smart loan search does not affect your credit rating
  • It finds the lowest rate loan available to you
  • Secure, two minute application



 

Who might need a 12 month loan?

  • I have bad credit
  • I am self employed
  • I am on a low income
  • I am young aged 18, 19, 20 or 21
  • I am a tenant
  • I want a car loan
  • I have a poor credit history
  • Vehicle loan for motorbike or caravan
  • I am renting
  • I am on a blacklist
  • I need immediate fast loan
  • I need money paid in bank today
  • I want a guarantor loan
  • I need a short term loan
  • I need a payday loan
  • I want a low APR interest rate
  • I want a secured homeowner loan


Important Information

This is the bottom line. As a company, we only get paid if we successfully get your loan paid out. We will endeavour to find the most suitable loan or plan for your individual circumstances. We will do everything we can to get your loan paid out as quickly as possible.

If you are looking for a new loan to replace other forms of credit, such as credit cards, Hire Purchase or other loans, you are advised that the duration of the new loan will be longer or the total amount payable will be higher than your existing arrangements

Secured Loans: A broker fee of up to 12.5% will be added to secured loans.
THINK CAREFULLY BEFORE SECURING DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. 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.

We offer loans throughout the UK

Contact us   Terms & conditions

Copyright © 2018. 1st Loan is a trading style of Joel Malach. We are authorised and regulated by the Financial Conduct Authority. Firm registration number 720851. Data Protection Licence Number: Z8904952. Registered Office: Warwick House, Lowes Road, Manchester. BL9 6PJ

1st Loan may receive a fee/commission for either referral or completion of your loan application.
1st Loan is not a lender but a licensed Credit Broker that has access to multiple lenders across the UK. We cannot lend you finance ourselves - only refer you to a lender who can.
1st Loan is an Introducer to Fluent Money for secured loan business

1st Loan is a responsible broker, and as such, would not be able to help if you are looking for us to pay out a loan to someone who is unemployed or receiving benefits as a primary income, who is in financial difficulties or cannot afford to make full loan repayments.
Please see our Responsible Lending Code of Practice for further information or for contact details of organisations who can help people in financial difficulties
Please read our Treating Customers Fairly Policy which shows our commitment to treating our clients fairly and meeting their expectations of high quality service.

Secured Loans

Representative example: Assumed borrowing of £18,000 over 120 months, with a fixed borrowing rate of 6.5% per annum for the first 60 months, followed by 60 months at the lender’s standard variable borrowing rate of 4.95% above Bank of England Base Rate. There would be 60 monthly instalments of £227.38 followed by 60 instalments of £221.71. Total amount payable £26,945.40 comprised of; loan amount (£18,000); interest (£6,920.40); Broker fee (£1,530); Lender fee (£495). This would result in an overall cost of 9.1% APRC. Minimum Term 12 months. Maximum Term 300 months. Maximum APR charged 49.9%.

 

Payday Loans

Representative APR Example: 1212% APR variable. £300 borrowed over 30 days would equal total borrowing of £372.

Personal Loans

Rates from 5.7% to 278%. Representative 51.1% APR. Representative example: £2,000 borrowed for 24 months. Total amount repayable is £6,512.44 in 24 monthly instalments of £271.36. Interest charged is £4,512.44, interest rate 112.8% (variable)

Short Term Loans

Rates from 278% to 1576%. Representative 305.9% APR. Representative example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% (variable)

Loans are subject to lenders requirements and approval
Although our lender searches will not affect your credit rating in any way, if you are accepted by a lender, they may carry out a full credit search in order to assess your ability to repay

Where the loan recommended is a Secured Loan, security will be required on your home

This page provides information and advice on 12 month loans