Representative example: borrow £600 for 8 months. 1st monthly repayment of £144.38, 6 monthly repayments of £192.50, last monthly repayment of £96.25. Total repayment £1,369.63. Interest rate p.a. (fixed) 185.39%. Representative APR 611.74%. Our loans are available for 3 to 9 months depending on the loan amount — rates between 295.58% APR and a maximum APR of 1294%.
Representative example: borrow £600 for 8 months. 1st monthly repayment of £144.38, 6 monthly repayments of £192.50, last monthly repayment of £96.25. Total repayment £1,369.63. Interest rate p.a. (fixed) 185.39%. Representative APR 611.74%. Our loans are available for 3 to 9 months depending on the loan amount — rates between 295.58% APR and a maximum APR of 1294%.
A 12-month loan is a type of fixed-term personal loan that you repay over 12 months (one year), usually in equal monthly instalments.
What it typically means in practice:
You borrow a set amount (e.g., £100 to £15,000 depending on the lender).
You repay it over 12 monthly payments.
The monthly payment usually includes some of the amount borrowed + interest (and sometimes fees).
Many are fixed-rate, so the payment stays the same each month (though some lenders offer variable rates).
Yes, every lender working with Badger Loans allows you to repay your 12 month loan early. You may find that after a few months you have got your finances into a better position and are able to clear your debt in full.
No, applying for a 12-month loan through our platform won’t impact your credit score. We carry out a soft credit check during the application process, which helps us assess your eligibility without leaving a mark on your credit file. Only if you choose to proceed with a lender’s offer will a full credit check be performed — and even then, it’s only after your provisional approval. This means you can check your options without any risk to your credit rating. It’s a safe and responsible way to see what’s available to you. You’ll always be in control of what happens next.
Most lenders set a minimum income threshold to ensure you can afford repayments. This can vary, and some lenders accept part-time, self-employed, or benefit income. You’ll usually need to provide proof, such as bank statements or payslips.
Review the APR, total amount repayable, monthly payment and make sure the repayments fit comfortably into your budget for the full year.
Not necessarily easier but the shorter term can reduce risk for lenders, which may help in some cases if affordability is strong.
Yes. All legitimate lenders offering 12-month loans must be authorised and regulated by the Financial Conduct Authority (FCA).
Missing a payment can result in fees and may negatively affect your credit score. It’s important to contact the lender early if you’re struggling.
Possibly, but only if the new loan reduces the cost or makes the repayments genuinely more manageable. Compare the new APR, fees, 12-month payment and total amount repayable with your existing debts. Consolidation can extend repayment or increase the overall cost. Read our Debt Consolidation Loans page before deciding.
Most do not. Approval is generally based on your own income, affordability, and credit profile rather than a guarantor.
Not necessarily. A 12-month loan may spread repayments over longer than payday-style borrowing, but suitability depends on the APR, monthly payment, repayment term and total amount repayable. A lower monthly payment can still mean a higher overall cost. Compare the full terms rather than assuming one product is automatically better.
Loan amounts vary by lender and depend on your income, credit profile and affordability checks. Smaller amounts are more common for shorter terms.
Most do. Fixed monthly repayments make budgeting easier, as the amount you pay each month stays the same for the full term.
Yes. They’re commonly used for short-term needs where spreading the cost over a year makes repayments manageable without committing to long-term debt.
They often are in total cost because interest is charged over a shorter period. Monthly repayments may be higher but you usually pay less interest overall.
It’s possible. Some lenders offer 12-month loans to people with bad or limited credit, provided they can demonstrate stable income and affordability.
12 month loans can help you pay for any pressing emergencies or help with important purchases. This gives you the benefit of stretching your repayments over a longer period of time. Repayments are typically made at the end of each month, in equal monthly instalments. That way you know exactly how much you are going to repay and can organise your finances accordingly.
Rather than traditional payday loans which give you money upfront and ask for full payment on your next payday, 12 month loans give you more breathing space. Giving you the flexibility to pay smaller instalments and get your finances back on track if need be.
The amount available will depend on the lender’s assessment of your income, regular outgoings, existing commitments and credit history. Badger Loans works with a panel of UK lenders, but this does not guarantee acceptance or a particular rate. Before proceeding, compare the APR, monthly payment and total amount repayable. You can also read our How Much Can I Borrow? guide and use the Budget and Affordability Calculator. Early repayment may reduce the total interest, but check the lender’s terms before accepting an offer.
If that sounds like you, you’re eligible to apply today!
Badger Loans works with a panel of up to 50 lenders in the UK. This helps improve your chances of being matched with a suitable loan from one of the lenders on our panel. With each lender having different requirements, you can maximise your chances of approval through Badger Loans. Every lender on our panel has been reviewed and vetted to ensure that they are fully authorised, regulated and trustworthy. With no upfront fees, you can receive an almost instant decision in up to 5 minutes and if successful, can receive funds on the same day. Sometimes within a few hours. We will not pass on your information to any other companies without your permission.
It may be possible to get a 12-month loan with bad credit, but approval depends on your current circumstances and the lender’s criteria. Lenders may consider income, essential outgoings, existing debts and recent credit history. A weaker credit profile may mean a lower amount, a higher rate or different terms. Read more on our Bad Credit Loans page. The initial Badger Loans search is a soft search, but a lender may carry out a hard credit check if you continue with an offer.
Get your decision in minutes and, if approved, receive your funds within the hour. Applying won’t affect your credit score.
