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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.

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Forces Compare work with specialist lenders that offer 12 month loans, including a range of options such as:

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

While 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.

You can still access the same products and rates even if you are not part of the armed forces.

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What Are 12 Month Loans?

This type of finance must be repaid within a 12 month period from receiving it. This is known as a short term loan, and can help to fund various different things – whether it’s to consolidate your debts, pay for a new car or help you move house.

With 12 month loans, borrowers can gain access to the funds they need, without being tied down to repayments for too long. Read on to find out more about the 12 month loans available through Forces Compare.

Types of 12 Month Loans

There are a range of different 12 month loans you can get, including car loans, secured loans and guarantor loans.

Loan Type Description Borrowing Amount Borrowing Period Other Key Features
Car Loan A 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 – £50,000 1 – 7 years Forces Compare helps you to find car loans with flexible terms that are cheaper than dealerships.


Secured loans A type of loan that is secured against one of the borrower’s valuable assets, such as property or jewellery. £10,000 – £250,000 1 – 15 years We can help you find secured loans that consider those with bad credit. These loans will require monthly repayments.
Guarantor loans Add a family member, spouse or close friend to ‘guarantee’ your loan and cover any missed repayments. The guarantor does not have to give any money upfront – they just need to co-sign the loan agreement. £500 – £15,000 12 – 84 months Rates around 49.7% Rep APR. Funds can be available within 48 hours with no upfront fees.
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Why Would I 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 12 month loans are long enough to help borrowers spread out repayments in a more manageable way, it is also relatively short compared with other loan periods. This means that the loan could end up being cheaper than those over a year long, as it accrues less interest.

However, details regarding the interest on the loan will be entirely dependent on the product and how much 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 I Need to Apply?

When looking for 12 month loans with Forces Compare, we’ll usually require a few details from you. Much like the eligibility criteria, the information needed will vary. However, listed below are some of the main details all loans will ask you to provide:

  • 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 (for example a car, house or jewellery), along with confirmation of its current value.

What Are the Eligibility Criteria?

There are 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 12 month loans 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?

Our loan comparison service can accommodate to a varied range of requirements. We have created partnerships with a variety of different lenders to provide our customers with the ideal 12 month 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.

Representative Example: If you borrow £550 over 6 months at a flat rate of 207.6% per annum (fixed) with a representative 1013.3% APR you will make 6 monthly payments of £186.82, repaying £1120.90 in total. Loan term lengths from 1 to 60 months.

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

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