Bad Credit Loans

  • There are a range of loan products designed specifically for borrowers with poor credit ratings
  • Compare loan details below and check eligibility requirements carefully before you apply
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Citrus Loans
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  • Borrow from £1,500 - £25,000 over 1-5 years
  • Representative 18.9% APR
  • You may have your loan decision in minutes
  • We will submit your application to our lending panel and present you with your options
Representative Example: Annual Interest Rate (fixed) is 18.9% p.a. with a Representative APR of 18.9% based on borrowing £10,000 and repaying over 36 monthly repayments. Monthly repayments £358.70 with the total amount repayable £12,913.20 and the total interest payable will be £2,913.20. Maximum APR: 299%

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  • Broker
  • Only available to homeowners
  • Norton Finance

    Only available to homeowners
  • Loan Type
    Unsecured
  • Representative APR
    16.9% APR
  • Available Amounts
    £2,000 to £250,000
  • Min/Max Terms
    1 to 25 years
  • See Deal + Details
  • Is this loan right for you?

    Minimum Requirements

    • Simple secure application process
    • Fast lending decision
    • A wide range of products available
    • Must be aged 18 to 80
    • Must be a homeowner
    • Must have a minimum income of £7,500 per year from employment, pension or benefits
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  • Representative Example: If you borrow £12,000 over 4 years at an interest rate of 16.9% APR (fixed) you would pay £338.36 per month. The total charge for credit would be £4,241.28. The total amount repayable would be £16,241.28. Representative 16.9% APR.
    Maximum APR: 249.9%
  • Only available to homeowners
  • 1st Stop Personal Loans

    Only available to homeowners
  • Loan Type
    Unsecured
  • Representative APR
    18.2% APR
  • Available Amounts
    £2,000 to £15,000
  • Min/Max Terms
    2 to 6 years
  • See Deal + Details
  • Is this loan right for you?

    Minimum Requirements

    • Online decision in minutes
    • Repayment periods up to 6 years
    • Regulated by the Financial Conduct Authority
    • Must be aged 21 to 65 (at end of loan) Must be in employment
    • Must be a resident of England, Scotland or Wales
    • Poor credit history considered
    • Minimum employed income of £1200 per month
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  • Representative Example: 18.2% APR Representative(fixed). Based on an assumed loan amount of £5,000 over 36 months at an interest rate of 8.6%p.a(fixed). Monthly repayment £175.39. Total amount payable £6314.04
  • Broker
  • Citrus Loans

  • Loan Type
    Unsecured
  • Representative APR
    18.9% APR
    (£10,000 - £12,999.99)
  • Available Amounts
    £1,500 to £25,000
  • Min/Max Terms
    1 to 5 years
  • See Deal + Details
  • Is this loan right for you?

    Minimum Requirements

    • Loan brokering service
    • No fees
    • Quick decisions
    • Must be aged 18 to 65 years
    • Must be a UK resident
    • Must be full time employed
    • Must be earning over £1200
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  • Representative Example: Annual Interest Rate (fixed) is 18.9% p.a. with a Representative APR of 18.9% based on borrowing £10,000 and repaying over 36 monthly repayments. Monthly repayments £358.70 with the total amount repayable £12,913.20 and the total interest payable will be £2,913.20.
    Maximum APR: 299%
  • Broker
  • Opal Loans

  • Loan Type
    Unsecured
  • Representative APR
    29.9% APR
    (variable)
  • Available Amounts
    £500 to £25,000
  • Min/Max Terms
    1 to 5 years
  • See Deal + Details
  • Is this loan right for you?

    Minimum Requirements

    • Loan brokering service
    • Quick decision
    • Must be 18 and 65 years old
    • Must be a UK resident
    • Must be employed
    • Must earn at least £800 per month
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  • Representative Example: The Representative APR is 29.9% APR (fixed) so if you borrow £10,000 over 5 years at a rate of 29.9% p.a (fixed) you will repay £302.05 per month. Total interest payable will be £8,123. Total amount repayable is £18,123.
    Maximum APR: 299%
  • UK Credit

  • Loan Type
    Guarantor
  • Representative APR
    39.9% APR
  • Available Amounts
    £1,000 to £10,000
  • Min/Max Terms
    1 to 5 years
  • See Deal + Details
  • Is this loan right for you?

    This is a guarantor loan. A guarantor loan requires a second person - the guarantor - to co-sign the credit agreement along with the borrower guaranteeing that they will repay the loan should the borrower default on their repayments. Therefore, it is extremely important that the guarantor can afford the monthly repayments should they need to.

    Guarantor Minimum Requirements

    Borrower Minimum Requirements

    • Must be aged 21 to 70 at the start of the loan term
    • Must be a UK resident (if in Scotland, both applicant and guarantor must reside in Scotland)
    • Must have a good credit history
    • Tenants and homeowners accepted (tenant loan - £6,000 maximum)
    • Must be aged 18 to 70
    • Must be a UK resident
    • Must not be recently bankrupt, in an IVA or a Debt Management Plan
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  • Representative Example: 4,500 over 3 years, representative 39.9% APR fixed. Monthly payment £201.15 Annual interest rate 34.05% fixed. Interest payable £2,741.40. Total repayable £7,241.40.
    Maximum APR: 59.9%
  • Only available to homeowners
  • Progressive Money

    Only available to homeowners
  • Loan Type
    Unsecured
  • Representative APR
    40.53% APR
  • Available Amounts
    £1,000 to £15,000
  • Min/Max Terms
    18 months to 15 years
  • See Deal + Details
  • Is this loan right for you?

    Minimum Requirements

    • Simple online application and fast response from Direct Lender
    • Poor credit history considered
    • Straightforward same day decision
    • Must be a resident of England, Scotland or Wales
    • Must be aged 18-70
    • Must be a homeowner occupier
    • Must be currently employed for at least 6 months and earn a minimum of £800 net per month
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  • Representative Example: Loan Amount: £7,500.00. Loan Term: 60 months. Monthly Interest Rate: 2.25%. Monthly Repayments: £263.83. Interest APR: 40.53%. Total Amount Repayable: £15,829.80. This example includes an Acceptance Fee of £750 (10% of loan applied for) plus an Administration Fee of £390.
    Maximum APR: 90.86%
  • Guarantor must be a homeowner
  • TrustTwo

    Guarantor must be a homeowner
  • Loan Type
    Guarantor
  • Representative APR
    43.8% APR
  • Available Amounts
    £500 to £10,000
  • Min/Max Terms
    1 to 5 years
  • See Deal + Details
  • Is this loan right for you?

    This is a guarantor loan. A guarantor loan requires a second person - the guarantor - to co-sign the credit agreement along with the borrower guaranteeing that they will repay the loan should the borrower default on their repayments. Therefore, it is extremely important that the guarantor can afford the monthly repayments should they need to.

    Guarantor Minimum Requirements

    Borrower Minimum Requirements

    • Homeowners only
    • Must be aged 25 - 74
    • Must have a good credit history
    • Must be over 18
    • Must not be declared bankrupt or in IVA or debt management plan
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  • Representative Example: Borrowing £4,000 over 3 years at an interest rate of 36.9% p.a. (fixed), you will repay 36 monthly payments of £185.27. Interest payable £2,669.72. Total repayable £6,669.72. Representative 43.8% APR.
    Maximum APR: 49.9%
  • Bamboo

  • Loan Type
    Unsecured
  • Representative APR
    49.7% APR
  • Available Amounts
    £1,000 to £5,000
  • Min/Max Terms
    1 to 5 years
  • See Deal + Details
  • Is this loan right for you?

    Minimum Requirements

    • Bamboo™ is a trading name and trademark of First Banco Ltd
    • Authorised and regulated by the Financial Conduct Authority (FCA)
    • Must be aged between 18 and 70
    • UK residents only
    • Must have a UK bank account
    • Must have a regular source of income
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  • Representative Example: On an assumed loan amount of £2,600.00 over 36 months. Rate of interest 41% per annum (fixed). 35 monthly repayments of £126.61 and a final payment of £126.54. Total amount payable £4,557.89. Representative 49.7% APR.
    Maximum APR: 69.9%
  • Broker
  • Aspire Money

  • Loan Type
    Unsecured
  • Representative APR
    49.9% APR
    (£3,000 to £4,999)
  • Available Amounts
    £500 to £25,000
  • Min/Max Terms
    1 to 10 years
  • See Deal + Details
  • Is this loan right for you?

    Minimum Requirements

    • Aspire Money is a loan brokering service
    • No fees
    • Decisions within minutes
    • Over 18s only
    • UK residents only
    • Must be full time employed
    • Must be earning over £1200
    Visit Website
  • Representative Example: Borrow £3000 and pay £146.39 a month for 36 months. The Total Interest Payable is £2,270.04. The Total Amount Payable is £5,270.04.
    Maximum APR: 299%
  • Broker
  • Click Finance

  • Loan Type
    Unsecured
  • Representative APR
    49.9% APR
  • Available Amounts
    £500 to £25,000
  • Min/Max Terms
    1 to 5 years
  • See Deal + Details
  • Is this loan right for you?

    Minimum Requirements

    • No obligation quote that wont show on your credit report
    • Rates from 7.1% to 99.9%
    • Must be aged 18 to 70
    • Must be a UK resident
    • Must have a minimum monthly income of £800
    • Must not be subject to an IVA or bankruptcy order
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  • Representative Example: £3,000 over 3 years, representative 49.9% APR fixed. Monthly payment £146.39.Interest payable £2,269.91. Total repayable £5,269.91. Annual Interest Rate 41.2% fixed.
    Maximum APR: 99.9%
  • Amigo Guarantor Loans

  • Loan Type
    Guarantor
  • Representative APR
    49.9% APR
    (variable)
  • Available Amounts
    £500 to £10,000
  • Min/Max Terms
    1 to 5 years
  • See Deal + Details
  • Is this loan right for you?

    This is a guarantor loan. A guarantor loan requires a second person - the guarantor - to co-sign the credit agreement along with the borrower guaranteeing that they will repay the loan should the borrower default on their repayments. Therefore, it is extremely important that the guarantor can afford the monthly repayments should they need to. Acceptance subject to affordability.

    Guarantor Minimum Requirements

    Borrower Minimum Requirements

    • Must be aged 18-75
    • Must be a UK resident
    • Must have a good credit history
    • Tenants and homeowners accepted
    • Must be aged 18-75
    • Must be a UK resident
    • Must not be on an active bankruptcy, IVA or equivalent
    Visit Website
  • Representative Example: Borrowing £4000 over 36 months, repaying £195.16 per month, total repayable £7,025.76. Interest rate 49.9% (variable). Representative 49.9% APR (variable)
    Maximum APR: 49.9%
  • Buddy Loans

  • Loan Type
    Guarantor
  • Representative APR
    49.9% APR
  • Available Amounts
    £1,000 to £7,500
  • Min/Max Terms
    1 to 5 years
  • See Deal + Details
  • Is this loan right for you?

    This is a guarantor loan. A guarantor loan requires a second person - the guarantor - to co-sign the credit agreement along with the borrower guaranteeing that they will repay the loan should the borrower default on their repayments. Therefore, it is extremely important that the guarantor can afford the monthly repayments should they need to.

    Guarantor Minimum Requirements

    Borrower Minimum Requirements

    • Must be aged 18-75
    • Must be a UK resident
    • Must not be on an active bankruptcy, IVA or equivalent
    • Guarantor does not need to own a home
    • Must be aged 18-75
    • Must be a UK resident
    • Must have a good credit history
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  • Representative Example: Credit £3,250 for 36 months. Interest (fixed at 41.16%): £2464.57. Total amount payable of £5,714.67. Representative 49.9% APR. 36 repayments of: £158.57.
    Maximum APR: 49.9%
  • SafetyNet Credit Facility

  • Loan Type
    Short Term
  • Representative APR
    68.7% APR
  • Available Amounts
    £100 to £500
  • Min/Max Terms
    No min or max term
  • See Deal + Details
  • Is this loan right for you?

    This is a Credit Line. Apply once to get a running credit account with ongoing access. Draw down funds up to your credit limit whenever needed. Make additional repayments or repay your balance in full whenever you like with no penalties for early repayment.

    Minimum Requirements

    • Must be aged 18 or over
    • Must be in full-time or part-time employment or self-employed
    • Must have debit card and bank account into which salary is paid
    • Customers must submit bank account login details to apply for a loan
    • CCJs accepted
    • UK residents only
    • Minimum monthly income of £750
    • Must have a mobile phone and email address
    • Bankruptcy, IVA or equivalents not accepted
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  • Representative Example: Amount of credit: £500. Interest rate: 0.8% per day for up to 40 days (292% per annum (variable)). Representative 68.7% APR (variable).
  • Everyday Loans

  • Loan Type
    Unsecured
  • Representative APR
    79.4% APR
  • Available Amounts
    £1,000 to £15,000
  • Min/Max Terms
    2 to 5 years
  • See Deal + Details
  • Is this loan right for you?

    Minimum Requirements

    • Loans are subject to status and affordability, Terms & Conditions apply
    • A personalised quotation without a credit footprint
    • Regulated by the Financial Conduct Authority
    • Must be aged 18 years and older
    • Must have the full right to live and work in the UK and will be a UK resident for the full length of the loan
    • Must be able to afford the repayments and demonstrate a regular income
    • Homeowners, tenants and living with parent(s) customers are accepted
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  • Representative Example: Annual Interest Rate (fixed) is 59.9% p.a. with a Representative APR of 79.4% based on borrowing £3,000 and repaying over 24 monthly repayments. Monthly repayments £217.24 with the total amount repayable £5,213.68 and the total interest payable will be £2,213.68.
    Maximum APR: 299.90%
  • 118118 Money

  • Loan Type
    Short Term
  • Representative APR
    99.9% APR
  • Available Amounts
    £1,000 to £5,000
  • Min/Max Terms
    1 to 2 years
  • See Deal + Details
  • Is this loan right for you?

    This is an instalment loan. Instalment loans are repaid with a set number of scheduled payments over a set period of time. The number, frequency and cost of repayments will vary between providers and products.

    Minimum Requirements

    • Must be aged 18 - 70
    • Must be employed or self-employed
    • Must hold a UK current account with a debit card
    • Must be aged 18 - 70
    • Must have a net monthly income of £700+
    • Must have a mobile phone and email address
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  • Representative Example: Amount of credit £1,500 for 2 years. Interest rate: 71.30% pa (fixed). 24 scheduled monthly payments of £118.88. Total amount payable: £2,853.12. Representative 99.9% APR.
    Maximum APR: 99.9%
Our service is free of charge but we receive commissions from the providers we refer you to. This table is initially ordered by representative APR. You can use the options above the table to order it according to various criteria. Please note: all rates shown above are the lenders' advertised headline interest rates - you may be offered different rates depending on your personal credit rating.

Bad Credit Loans FAQ

Just because you have bad credit doesn't mean you'll never need to get a loan.

As the name may suggest, a bad credit loan is a loan designed specifically for those with a poor credit history. There are many reasons why a person might suffer from a poor credit rating - from an inability to manage repayments on credit cards or loan agreements, to having County Court Judgements (CCJs) held against them.

Even if you've never had a credit card or loan in your name before, you could have poor credit simply because lenders are unable to access evidence that suggests you're able to manage your borrowing habits successfully.

Below are some of the most frequently asked basic questions about bad credit loans. Just click on the question headings to see the answer.

What Kinds of Bad Credit Loans Are There?

The term "bad credit loan" is often used to refer to various loan products specifically available to borrowers with poor credit ratings, who may struggle to access other forms of credit.

These products may include secured loans, short-term loans, guarantor loans, and various other options designed to give lenders more security when offering money to borrowers.

Where Can I Get a Bad Credit Loan?

Although bad credit loans are sometimes available from mainstream lenders, they are more commonly provided by specialists. You may need to look specifically for lenders who advertise their ability to work with borrowers with poor credit.

What are the Pros and Cons of Bad Credit Loans?

All loans come with certain pros and cons. In the case of bad credit loans, the biggest advantage is that you have an opportunity to borrow money that you might not be able to access elsewhere because of a poor credit history.

This can offer a real financial lifeline to those who need to get capital quickly. What's more, having a loan can sometimes help people who have poor credit ratings to repair their credit status, as long as they make repayments on time.

The largest drawback of bad credit loans is that they usually have very high interest rates in comparison with standard loans. This is because applicants with poor credit represent a higher risk to lenders.

Are There Risks in Getting a Loan with Bad Credit?

All loans come with certain risks, which is why you should always make sure that you can afford repayments before you agree to any loan terms. If you don't make repayments as agreed, you could end up heavily in debt.

If I Don't Get Accepted, Should I Just Keep Trying?

No, if you don't get accepted for a loan, don't simply keep applying in the hope that the lender will change their mind. Applications for credit - regardless of whether they are successful or not - will show up on your credit file, and could make lenders think you're desperate for cash - something that might damage your credit rating even further.

Are There Any Ways I Can Improve my Credit?

When it comes to getting a good deal on a loan - regardless of what you might need the money for - you'll always be able to access better deals when you have a good credit rating. In some cases, this may mean that it's better to build up your credit score, before you apply for a big loan. You can do this by:

- Paying off credit card and loan repayments on time - accruing no further debt or interest.
- Consolidating your debts into a more manageable monthly repayment.
- Speaking to a debt or credit advisor.

If you've never taken out a credit card or loan before, and that's the reason for your bad credit, the easiest way to improve your score is to use a credit card regularly, and pay off each purchase on time.