Loans for 12 Months

£100 to £5,000, same day payout*

Warning: Late repayment can cause you serious money problems. For help, go to 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.


Need a Longer Term Loan? How Does 12 Months Sound!

Sometimes it can be rather confusing to work out who different loans are actually designed for. It can be tempting to think that there are specific loans which are designed for specific types of people. In some cases, this does happen because you will find that there are loans such as mortgages which are only for homebuyers or loans for students to pay for their course. However, there are many loans which are available for anyone and for anything and a payday loan falls into this category. This means that it could very possibly be the right loan for you. However, you do need to make sure that this is the case as there are many different loans suitable for different needs. It is wise to make sure that you are aware of what the features of the loan are though so that you can match it up to what you need.

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).

Be Sure to Consider Exactly What You Need

It is really important to start by thinking about what sort of loan you need. You need to think about a number of different things.

  • How much money you need? – Obviously you will need to make sure that you borrow enough money for the need that you have. It might be easy to work this out if you have a specific bill or expense and have no money to pay for it then you will borrow that much. However, if you have some money and can afford some of it, but might also need to buy other things before you next get paid, then you might find it a bit trickier to calculate this. You will need to make sure that you do not borrow more than you need as well. It can be really tempting to do this because you will be able to treat yourself to a few things. It is very normal and natural to want to do this. However, you need to be so careful as if you borrow more than you need it could mean that you will not be able to afford the repayment for the loan. It is wise to remember that you have to repay everything that you borrow and so you need to be confident that you will be able to afford to do this.
  • How long you need it for? – It is also good to think about how long you need the loan for. You will need to consider this in terms of the repayments. If you would like the loan to only be for a very small amount of time then you will need to find one that offers this compared to something that will be more long term such as a 12 month loan or perhaps something that even lasts a few years. A longer loan term will mean that you will not only not have to pay it all back so quickly, but you will have more repayments of smaller amounts which can make it easier to manage. The more you borrow; the longer you are likely to need to repay it.
  • What repayments you can afford? – It can be tricky to calculate exactly what you can afford. However, if you take a look at your bank statements you should be able to work out what you normally have with regards to spare money that you would be able to afford to pay towards a loan. If you have no spare money this still does not mean that you should not take out a loan but you will need to think about whether there are ways that you can improve your financial situation so that you can afford the loan repayments. This could mean spending less in some areas, finding ways to earn more money or things like this. You will need to give it some thought.
  • Any features of lenders you want? – It is wise to think about whether there are any features that you would like to see in a payday loan company. You may already know of some things or it could be something that you never really give much thought to. Some people, for example like a lender that they have heard of as they feel that they can trust them more whereas other do not mind. Some might also want to check out the reputation of the lender and find out what other people think of them. For some it is the customer service that is important. Consider what it is that is important to you and then you will be able to apply this when you are looking for a lender.

Compare Different Loans and Other Financial Products

Once you have established this you will be able to see what sort of loan you want. There are lots to choose from and depending on how much you need to borrow, what you credit rating is like and how long you want to borrow for, you will get a selection of choices from instant repayments to 12 month loans and large to small amounts of money. It is good to have an understanding of all of your options and then you will be able to make an informed decision as to which of the loans will be the best for you.

There are websites that you can go to which will explain how different types of loans work. This will help you to understand more about them and therefore pick the one that is right for you. You may already have knowledge about loans that you can fall back on as well. Alternatively, you could chat to friends, family and colleagues to find out more about what sorts of loans they use and what they might recommend. It can be useful to gather as much information as you can even though it is likely that you will not have much time before you need the money.

For example, if you want a small loan for 12 months then looking at instant payday loans could be wise. There are lots to choose from and they will differ in many features so it is worth understanding what to look for.

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?
    Quick decision
  • How do I apply?
    Online fully SSL secured
  • When can I apply?
    Even on bank holidays
apply now!

Make Sure You Don’t Get Overwhelmed

As there are so many loan products to pick from you would be forgiven for feeling rather overwhelmed when trying to compare them. There are things that you can do to help though. Having an idea of what features you want from the loan is a good start and if you did this to help you choose which type of loan was best for you then you will have this covered already. However, you then still need to search through all the loans available and see which will suit you the best. As there are so many options such as a 12 month loan, instant loan, large or small repayments, different terms etc it can be confusing. This is where credit brokers such as Boutell can help you. They will be able to do the search for you and so you will not have that hassle. They will make a recommendation as to which payday lenders they feel will be the best for your needs. They will look at things like cost as well as other features and will be able to present you with the best lender and loan for you. This will make the whole comparison process very much easier. You may prefer to do your own research of course, but you could always start by using Boutell and then do some research yourself as well. You will then be able to choose between their recommendation and some of the loans that you have come across. It will really speed up the process and often a payday loan is something that is needed quickly.

This might seem like a tedious process and you could be tempted to just skip it entirely, do a quick online search and pick the first direct payday lender you find. This is not wise though as you could end up paying a lot more for a loan than necessary and you could end up with a lender that just does not suit your needs. It does not take that long to compare lenders particularly if you use a credit broker as they will do all of the work for you and it will not take them very long.

Credit Brokers Such as Boutell Can Help

Once you have done all of these things then you will be able to decide whether payday loans or £1000 loans really are for you. Obviously, they can be very useful to anyone that needs to borrow money but whether a short loan, 12 month loan or whatever is most suitable will depend on your specific needs. Once you have established those needs, you will then be able to work out whether the payday loan is right for you and which payday loan is best, perhaps with the help of a credit broker. They will be able to use their expertise to make the process smooth and speedy, so if you do not have much time or you feel too inexperienced to choose between lenders then they will be able to provide the help that you need.

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