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12M Loans

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LAST UPDATED: July 2nd, 2020

12M Loans, also known as 12 Months Loans Bad Credit and 12monthsloansbadcredit.com, is an online loan website founded in 2015. It helps with short-term loans (payday loans), unsecured personal loans, and installment loans. It operates one storefront in Redding, California and offers indirect loans to customers in about 40 states.

12M works with borrowers with good and bad credit.

Rather than a direct lender, 12M lets users fill out an application online, and then sends your information to dozens of lenders in its network to find the best loan you qualify for.

Although policies are left up to the lender that accepts you, most lenders will do a soft credit check.


  • 18 years old
  • U.S. citizen or permanent resident
  • Active bank account
  • Active phone number and email address
  • Stable, verifiable income

There are a few different types of loans offered, but the loan you qualify for is up to your state’s short-term loan regulations.

Payday Loans:

  • Max: $1,000
  • Term: By your next paycheck
  • APR: 200%-2,290%

Installment Loans:

  • Max: $5,000
  • Term: Usually 24 months
  • Min. APR: 35.99%

Personal Loans:

  • Max: $100,000
  • Term: Up to 60 months
  • Min. APR: 4.5%

Keep reading our 12M Loans review for pros and cons of working with this lender.

Top Ranked Companies


The Good

  • Friendly
  • Fast
  • Financial Education


One of 12 Month Loans’ goals is to be a kinder, friendlier lender for borrowers with bad credit. This company works only with legitimate lenders — predatory lending practices and abusive collections behavior are not tolerated. Most 12M Loans lenders collect in-house and must follow the Fair Debt Collection Practices Act


You will generally get at least one loan offer within a few seconds.

Financial Education

12M Loans offers a College of Knowledge section online.


The Bad

  • Could Hurt Credit
  • Third-Party Loans

Could Hurt Credit

The website states that unpaid loans may be reported to the major credit bureaus, but doesn’t say whether loans paid back can help your credit.

Third-Party Loans

As 12M is a loan matching service, your actual loan rates, terms, and policies will depend on the lender you do business with. There are no blanket policies attached to 12M that all lenders have to follow for NSF, late fees, renewals, cancellation policies, prepayment penalties.


The Bottom Line

This loan sourcing service offers to help people with all types of credit, stating that 90 percent of applicants are offered a loan.

Your options will depend on your credit, and you can get an offer within just a few seconds, but funds do take one business day.

Lending policies, rates, and terms will be determined by the lender that you are matched with. You won’t know which it is until you fill out the application. While 12M strives to be a friendly resource, you will ultimately have to deal with the direct lender, not 12M Loans.

Have you used this lender for a payday loan, installment loan, or personal loan? Let us know about your experience with a quick review below.

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14 Reviews

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Kris Palm Bay, FL

quick response and good service would apply if need a loan again

3 years ago

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Reply from 12M Loans

Hello Kris, thank you for trusting us!

Aug. 19th, 2020

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Julie Hupke East Bridgewater, MA

Quick approval of the application and good customer support

3 years ago

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Reply from 12M Loans

Hello Julie, thank you for trusting us!

Jun. 29th, 2020