12 Month Loans

We can help you to compare a range of different 12 month loans. Get a free quote in under 2 minutes with Forces Compare. 

Get quotes from over
40 UK lenders

Free to apply

Instant loan decision

Get a quote from 40 UK lenders

Forces Compare work with over 40 different lenders, helping you to find the best loans at the lowest prices.

Through our comparison site, you can find a whole host of financial products to fit a variety of different needs, including those listed below:

  • Secured loans
  • Unsecured loans
  • Small loan amounts
  • Large loan amounts
  • Loans for borrowers with good credit
  • Loans for borrowers with bad credit

Whilst Forces Compare has been built on its years of experience working with the armed forces, you do not have to have served to use our comparison site.

We work to find and compare the very best finance options for your needs, even if you are not part of the armed forces.

Types of 12 Month Loans

There are a range of different loan types you can get for 12 months, including car loans, secured loans and guarantor loans.


Loan TypeDescriptionBorrowing AmountBorrowing PeriodOther Key Features
Car LoanA type of personal loan to help borrowers buy a car. Once an application has been accepted, the funds are transferred straight to the car dealer.£2,500 – £50,0001 – 7 years.Forces Compare helps you to find car loans with flexible terms that are cheaper than dealerships.


Secured LoanA type of loan that is secured against one of the borrower’s valuable assets, such as a property, jewellery or otherwise.£10,000 – £250,0001 – 15 years.We can help you find secured loans that consider those with bad credit. These loans will require monthly repayments.
Guarantor LoanA type of loan where the borrower has to have a guarantor. This guarantor will be required to step in and make repayments if the main borrower defaults.£500 – £15,00012 – 84 months.Forces Compare can help you to find the best guarantor loan to meet your requirements. Funds can be available within 48 hours with no upfront fees.


You can apply online today with Forces Compare and get a free quote. We aim to help you find the best rates possible for a range of different loans. Visit this page to browse through the different types of financial products we compare.


Why Would You Need a 12 Month Loan?

People take out 12 month loans for many of different reasons. 12 months can help to stretch out the period of the loan, giving you some breathing space when it comes to managing repayments.

This can help you to take better control over your finances and monthly budgets.

Whilst a 12 month loan is long enough to help borrowers spread out repayments in a more manageable way, it is also relatively short compared with other loaning periods.

This means that the loan could end up being cheaper than those over a year long, as it accrues less interest.

This will be entirely dependent on the product and the interest it charges. It’s important to understand the interest and additional fees that may apply to your loan before completing an application.


What Information Do You Need to Apply?

When looking for loans with Forces Compare, we’ll usually require a few details from you. Much like the eligibility criteria, the information needed will vary, however, below are some of the main details you’ll have to provide us with:

  • Name
  • Date of birth
  • Address
  • Monthly income
  • Monthly expenses
  • Bank details
  • Loan amount

For secured loans you will usually have to provide proof of ownership for the asset you are securing the loan with (e.g. a car, house or jewellery), along with confirmation of its current value.




What is the Eligibility Criteria?

There is certain criteria you must meet in order to be eligible for a loan with our lenders. This criteria will depend upon the type of loan you apply for.

Some of the main criteria most borrowers will have to meet to be eligible for a loan through Forces Compare include the following:

  • Be a UK resident
  • Have a UK bank account
  • Be over the age of 18
  • Have a salary from the MOD or your employer

The criteria for eligibility will vary depending upon the loan type. It’s therefore important that you read through the details of any financial product you are interested in before applying, helping you to better understand whether you are eligible for the loan, and the criteria you must meet for this.


Why Compare 12 Month Loans With Forces Compare?

We’ve created partnerships with a variety of different lenders to provide our customers with the best loans to fit their unique circumstances.

The range of financial products we’ve assembled can help provide finance to a wide variety of different borrowers, whether you’re in the armed forces or not.

Forces Compare can accommodate for many different borrowers with a range of financial needs, helping those with both good and bad credit to find secured loans, unsecured loans, personal loans and more.