Loans for 12 Months

£100 to £5,000, same day payout*

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk. Boutell.co.uk is a broker, not a lender, and does not make credit decisions.

Representative Example: Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable).

*Boutell does not perform a credit check on any of our applicants however lenders will determine if you're eligible for a loan via a soft search. If you accept the loan offer a hard search is performed.

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Online Lenders Offer Loans for 12 Months

Short-term online loans can help you manage personal expenditure. In particular, the funding is ideal for addressing urgent and unexpected finance needs. The small loans fund quickly, providing immediate access to money between paydays. Repayment starts on salary day, but loans for 12 months offer extra time to pay, ensuring money is available for timely payback. When you need cash in a hurry, 12-month loans and other online finance opportunities may provide the flexible solutions you’ve been looking for.

How much would you like to borrow?

Representative Example: Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable).

Flexible Online Loans for 12 Months

Balancing income and outgoings can be challenging when expenses change from month to month. A high energy bill or poorly timed expense may be all it takes to disrupt your flow, causing you to run out of money before payday. Loans for 12 months, 6 months, and shorter repayment periods are available online, offering custom solutions for your most pressing financial concerns.

apply for long term loan

Obtaining loans for 12 months is easier than ever before. Online lending streamlines the application and acceptance period, granting timely access to cash for personal spending priorities. Online loans are not restricted, so you can spend the proceeds however you choose. Common usage for 12-month loans includes near-term finance needs such as:

  • Rent or Mortgage Payments – Monthly outgoings include housing payments for your rent or mortgage. In most cases, the sum represents a large segment of a person’s monthly budget. You can’t keep the landlord waiting for long, and a late mortgage payment can result in negative credit reporting, affecting your credit score. When the rent is due, but you’re not prepared to pay, a small online loan can reinforce your income in time to manage your monthly housing expense.
  • Medical Emergencies – Medical expenditure emerges when you take ill, and you may also feel financial pressure when supporting a sick spouse, friend, or family member. Medical supplies, travel to treatments, lost time from work, and other health-related conditions can leave you short of funds when the money is most needed. Utilising loans via a payday loan company for 12 months ensures rapid access to funding, whilst also offering a manageable repayment period.
  • Car Repairs – Personal transportation is a modern convenience that comes with a price. In addition to customary motoring costs such as petrol and insurance cover, motorists also encounter unexpected repair bills. Whether you need new tyres or mechanical repairs, the expense can catch you unprepared. Credit cards and personal savings are go-to resources when your car needs attention, as well as various online lending alternatives aimed at short-term spending emergencies.
  • Energy Expense – Seasonal energy costs fluctuate throughout the year, leading to irregular spending cycles for utilities. When energy costs spike between paydays, you may find yourself short of funds. Loans for 12 months are used to address seasonal energy expense, without creating payback pressure you can’t afford.
  • Moving Costs – Moving house is a substantial undertaking, including the added expense of relocation. Hiring a removal company or funding a DIY move can strain your budget, requiring outside help making ends meet. If you’re fortunate enough to get help from your employer, moving house won’t set you back. But paying for a self-funded move may call for a small loan ahead of payday.
  • Credit Card Bills – Revolving credit card terms allow you to make additional purchases, even as you pay down existing balances. The payment method is convenient at the point of sale, but unpaid credit card balances accumulate interest every month, as outstanding obligations roll over from one billing cycle to the next. Late payments lead to credit downgrades, so it is important to keep pace with repayment obligations, or risk damaging your personal credit rating. A small loan can help you stay current with credit card payments, should you run out of money before payday.
  • Cost of Living Increase – Working out a household budget accounts for your cost of living, but the price of food and other customary expense can rise without warning. With household expenditure on the up, you may require a financial boost between paydays. Online lenders offer loans for 12 months, as well as immediate access to other timely financial resources.
  • Education – Returning to school for retraining can place a burden on your finances, requiring extra cash to pay for courses and certifications. Your employer may come through with the money you need to fund your continuing education, but the cost might also fall on you, acquiring new skills. Short-term online loans won’t pay for full-time university tuition, but the flexible resource can help account for education expense such as books, seminars, hands-on training, and other related education costs.

Flexible, unrestricted loans for 12 months, 6 months, and other custom repayment periods provide small sums of money for pressing financial concerns. The £1000 loans stand-in when personal earnings run short between paydays, enabling you to manage expense until salary day.

compare different loans and options

Are 12-month Loans the Best Solution for Your Urgent Finance Needs?

Online loans complement various traditional funding solutions put-forth by banks, credit unions, building societies, and mortgage companies. Whilst brick and mortar banks offer long-term loans for house purchases and other extended finance needs, online providers specialise in short-term funding.

When you’re in the market for a loan, it is important to settle on a funding resource that adequately addresses your financial needs. Direct payday lenders and similar online opportunities provide affordable funding pathways for near-term spending concerns. The flexible finance alternative is a good choice when

  • Pressing spending obligations don’t allow for a lengthy approval period – Obtaining a conventional loan may take longer than you can afford to wait. Traditional institutions commonly call for in-person visits before extending loan offers, and their comprehensive credit checks take time to complete. In contrast, online application facilitates fast service, resulting in short turnaround times for qualified applicants. Same day service is a realistic expectation online, whereas conventional loans may take weeks to fund.
  • You need a relatively small amount of money – Mortgage companies and long-term lenders extend financing valued in the range of tens-of-thousand to hundreds-of-thousands of pounds. Short-term online lenders serve a different niche, offering small amounts of money for 12 months or less. The flexible funding alternative addresses short-term spending challenges, when you need a little loan to carry you from one payday to the next.
  • Another lender declines your funding request – Traditional banking outlets impose strict credit scoring standards when assessing applicants’ creditworthiness. If you apply with a low credit score, banks and building societies are likely to pass over your funding request. Online lenders also review credit, but short-term providers commonly utilise pre-approval checks to shorten the acceptance period for funding. High online approval rates give you a better chance of obtaining a loan with bad credit.
  • Your pending payday accommodates repayment – Small online loans require prompt repayment, so lenders look to your upcoming payday for payback security. Money you have coming in the future is used to qualify for funding today, granting timely access to the money you need. Loans for 12 months not only deliver immediate funding, but the flexible resource also incorporates a manageable repayment period, giving you an entire calendar year to make good on the debt.

How We Compare

  • Boutell
    Why Use Us?
  • How much can I borrow?
    £100 - £5000
    No hidden fees
  • Over how long?
    1 - 36 months
    Flexible repayments
  • Can I apply with bad credit?
    Yes
    Quick decision
  • How do I apply?
    100%
    Online fully SSL secured
  • When can I apply?
    24/7
    Even on bank holidays
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Basic Eligibility Requirements for Short-term Online Loans

Flexible short-term loans originate online, allowing you to explore funding options and submit loan requests from your computer or connected device. The straightforward application takes only a few minutes to complete. When requesting 12-month loans and other online solutions, you can expect to provide your name, recent addresses, and information about your household earnings.

In order to be considered for alternative online loans, you must meet basic eligibility standards, required of all approved applicants. When requesting money online, qualified credit consumers

  • are at least 18 years old when applying,
  • have active current accounts for receiving transfers and making electronic payments,
  • demonstrate consistent employment with income sufficient to repay the loan,
  • reside in the UK.

Traditional banking institutions place a great deal of weight on credit reports when evaluating loan requests. Applicants without adequate credit scores are frequently turned away, and even those accepted with average scores may not gain access to the best available interest rates and loan terms. The strict approval process presents limitations for bad credit applicants, and granting acceptance also takes time. If you need money in a hurry or your credit reference file reflects past problems, an online lender may be able to serve your finance needs, when local lenders cannot.

Under ideal conditions your salary schedule aligns with your financial needs, providing adequate resources to cover your monthly expenditure. In practice, however, spending cycles ebb and flow, resulting in irregular cash flow patterns. When you need a loan to account for expenses between paydays, online solutions offer immediate relief.

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