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Bad credit loans

Compare Bad Credit Loans

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If you have a less than perfect credit score it can be difficult to borrow money, bad credit loans could enable you borrow.
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Loans displayed have term lengths between 6 months and 7 years, 18.2% APR and 49.9% APR.

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APR Total repayable

The amount is based on monthly compounding and for comparison purposes only.

Monthly repayments

1st Stop Personal Loan For Homeowners

  • Loans available to homeowners
  • Online immediate decision
  • Soft credit check to determine eligibility without leaving a mark on your credit report
More info
18.2% APR Representative
£5,122.44
£142.29 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Must be at least 21 years old
  • More than £15,000 annual income
  • Only homeowners considered
  • Available for fair credit customers
  • In employment for minimum of 6 months
  • Registered on the Voters Roll
  • Resident in England,Scotland or Wales

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £4,000 over 36 months at a fixed rate of 6.4% per annum and a fee of 7.5% would result in a representative rate of 18.2% APR, monthly repayments of £142.29 and a total amount repayable of £5,122.44.

Citrus personal loan

  • Same day decision
  • Accepted Rates based on your individual circumstances considered
More info
22.5% APR Representative
£5,385.96
£149.61 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Must be 25 years or older.
  • Earn a gross annual income greater than £15 000.
  • Must be a UK homeowner.
  • Did not miss any payments on your mortgage in the last 12 months.
  • Are not bankrupt, currently under IVA or on a Debt Management Arrangement.
  • Did not have any CCJ's in the last 12 months.

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £4,000 over 36 months at a fixed rate of 20.5% per annum would result in a representative rate of 22.5% APR, monthly repayments of £149.61 and a total amount repayable of £5,385.96.

Homeowner guarantor loan

  • Both you and your guarantor must be homeowners
  • Guarantor cashback reward
  • Available to customers with fair credit
More info
29.0% APR Representative
£5,781.60
£160.60 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • You and your guarantor must be homeowners
  • You and your guarantor are at least 25 years old
  • You earn a minimum of £1,200 per month
  • Your guarantor earns a minimum of £1,500 per month
  • You and your guarantor must have reasonable credit
  • Your mortgage, or your guarantor’s mortgage has not been in arrears in the last 6 months

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £4,000 over 36 months at a fixed rate of 25.7% per annum would result in a representative rate of 29.0% APR, monthly repayments of £160.60 and a total amount repayable of £5,781.60.

Opal homeowner loan

  • Same day funding
  • Loans available to suit most circumstances
More info
29.9% APR Representative
£5,836.32
£162.12 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Be employed
  • Minimum yearly income of £12,000
  • Aged 18 to 65
  • Homeowners and tenants considered
  • Adverse credit considered

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £4,000 over 36 months at a fixed rate of 29.9% per annum would result in a representative rate of 29.9% APR, monthly repayments of £162.12 and a total amount repayable of £5,836.32.

1st Stop Personal Loan For Bad Credit

  • Loans available to suit most circumstances
  • Online immediate decision
  • Soft credit check to determine eligibility without leaving a mark on your credit report
More info
38.7% APR Representative
£6,365.16
£176.81 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Must be at least 21 years old
  • More than £15,000 annual income
  • Homeowners and tenants accepted
  • Available for fair credit customers
  • In employment for minimum of 6 months
  • Registered on the Voters Roll
  • Resident in England,Scotland or Wales

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £4,000 over 36 months at a fixed rate of 17.2% per annum and a fee of 7.5% would result in a representative rate of 38.7% APR, monthly repayments of £176.81 and a total amount repayable of £6,365.16.

UK Credit Guarantor Loan

  • Direct lender, no upfront fees
  • Secure online application with fast pay-out
  • Loans from £1,000 to £10,000
More info
38.9% APR Representative
£6,377.04
£177.14 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Aged between 18 and 65
  • UK resident
  • Guarantor must be homeowner

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £4,000 over 36 months at a fixed rate of 33.3% per annum would result in a representative rate of 38.9% APR, monthly repayments of £177.14 and a total amount repayable of £6,377.04.

TRUSTTWO– Guarantor Loan

  • No upfront or late fees
  • Homeowner and tenant guarantors accepted
  • Secure online application
More info
39.9% APR Representative
£6,436.80
£178.80 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Applicant: UK resident, aged 18-74, £10,000 minimum income
  • Guarantor: Home owner/tenant, aged 25-74, £10,000 minimum income, not financially linked to the applicant

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £4,000 over 36 months at a fixed rate of 34.0% per annum would result in a representative rate of 39.9% APR, monthly repayments of £178.80 and a total amount repayable of £6,436.80.

1plus1 guarantor loan

  • Homeowner and tenant guarantors accepted
  • All applicants considered
  • No early settlement fees
More info
44.5% APR Representative
£6,709.68
£186.38 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Customer must be 18-75 years old, must not be bankrupt or subject to an IVA, must be able to afford repayments
  • Guarantor must be 18-75 years old, have a good credit rating and be able to afford repayments if the borrower fails to pay

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £4,000 over 36 months at a fixed rate of 23.0% per annum would result in a representative rate of 44.5% APR, monthly repayments of £186.38 and a total amount repayable of £6,709.68.

Lendfair Guarantor Loan

  • No borrower credit check
  • No Broker or Arrangement Fees
  • Fast-track payout within 24 hours
More info
47.9% APR Representative
£6,909.48
£191.93 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Aged between 18 and 75
  • Uk resident
  • This loan will require a guarantor

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £4,000 over 36 months at a fixed rate of 39.8% per annum would result in a representative rate of 47.9% APR, monthly repayments of £191.93 and a total amount repayable of £6,909.48.

Guarantor My Loan

  • Tenant and homeowner guarantors accepted
  • Guarantor cashback reward
  • Weekly and fortnightly payment options
More info
48.9% APR Representative
£6,968.16
£193.56 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • You and your guarantor are at least 21 years old
  • You earn a minimum of £600 per month
  • Your guarantor earns a minimum of £1,000 per month
  • Your guarantor must have reasonable credit
  • Neither you, or your guarantor are currently bankrupt or engaged in an IVA

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £4,000 over 36 months at a fixed rate of 40.5% per annum would result in a representative rate of 48.9% APR, monthly repayments of £193.56 and a total amount repayable of £6,968.16.

Suco Guarantor Loan

  • Available to bad and fair credit customers
  • Funds May Be Transferred Same Day
More info
48.9% APR Representative
£6,968.16
£193.56 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Available to UK resident Only (excluding Northern Ireland)
  • Guarantor Must be a Home Owner and not a partner of the applicant
  • Aged 18 to 75
  • Bad Credit Specialists
  • CCJ's & Defaults considered
  • All income accepted including benefits subject to affordability

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £4,000 over 36 months at a fixed rate of 40.5% per annum would result in a representative rate of 48.9% APR, monthly repayments of £193.56 and a total amount repayable of £6,968.16.

TFS Guarantor Loan

  • Everyone is considered
  • Quick approval
  • Easy to repay early
More info
48.9% APR Representative
£6,968.16
£193.56 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Available to UK resident Only (excluding Northern Ireland)
  • Guarantor Must be a Home Owner and not a partner of the applicant
  • Aged 18 to 75
  • Bad Credit Specialists
  • CCJ's & Defaults considered
  • All income accepted including benefits subject to affordability

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £4,000 over 36 months at a fixed rate of 40.5% per annum would result in a representative rate of 48.9% APR, monthly repayments of £193.56 and a total amount repayable of £6,968.16.

AvantCredit Personal Loan

  • Rates starting at 9.3% with no arrangement or early payment fees
  • Fast funding within the same day of submitting the easy online application
  • Not required to have a guarantor or be a homeowner
More info
49.7% APR Representative
£7,014.96
£194.86 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Permanent UK resident
  • Aged 21 & older
  • Homeowners and tenants considered
  • Minimum net monthly income (take home pay) of £1,000
  • Must be in full-time or part-time employment
  • No CCJs, IVAs, bankruptcy or equivalent

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £4,000 over 36 months at a fixed rate of 41.0% per annum would result in a representative rate of 49.7% APR, monthly repayments of £194.86 and a total amount repayable of £7,014.96.

Bamboo Loan

  • Quick approval, no upfront fees
  • Easy to apply from your mobile or online
  • Same-day payout available. A guarantor may be required
More info
49.7% APR Representative
£7,014.96
£194.86 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • A guarantor may be required
  • UK resident (excluding Channel Islands or Isle of Man)
  • Adverse credit history considered
  • CCJs allowed, must not be currently insolvent or bankrupt
  • Minimum age 18
  • £600 net monthly income, must have a UK bank account

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £4,000 over 36 months at a fixed rate of 41.0% per annum would result in a representative rate of 49.7% APR, monthly repayments of £194.86 and a total amount repayable of £7,014.96.

Amigo Guarantor Loan

  • Funds available in 24 hrs
  • Home owner and tenant guarantors are accepted
  • No repayment fees
More info
49.9% APR Representative
£7,026.48
£195.18 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • UK resident (including Northern Ireland)
  • Aged 18 to 75
  • Any credit quality
  • CCJ allowed
  • Bankruptcy or IVA are not accepted
  • Any income including benefits is accepted but subject to affordability

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £4,000 over 36 months at a fixed rate of 49.9% per annum would result in a representative rate of 49.9% APR, monthly repayments of £195.18 and a total amount repayable of £7,026.48.

Aspire money loan

  • Same day funding
  • Loans available to suit most circumstances
More info
49.9% APR Representative
£7,026.48
£195.18 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Be employed
  • Minimum yearly income of £12,000
  • Aged 18 to 65
  • Homeowners and tenants considered
  • Adverse credit considered

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £4,000 over 36 months at a fixed rate of 49.9% per annum would result in a representative rate of 49.9% APR, monthly repayments of £195.18 and a total amount repayable of £7,026.48.

Warning: Late repayments can cause you serious money problems. For more information see our debt help guides.

uSwitch Limited is a credit broker, not a lender, for consumer credit products. Our services are provided at no cost to you, but we may receive a commission from the companies we refer you to. For some loans a broker fee of up to 12.5% may be added to the cost of the loan.

Frequently asked questions

Loans for bad credit in the UK

If you currently experiencing financial difficulties or have damaged your credit score in the past, you may worry about not qualifying to borrow for a personal loan.

However, there are personal loans for bad credit available. Even if you think you have no credit there could be a loan available. You may be able to borrow from a high street lender at a higher rate than their standard personal loans. Alternatively, you could borrow from a specialist company who lend to those with bad credit. So you don't necessarily need a bank loan for a bad credit loan, there are alternatives (but make sure you check out who you will be dealing with and don't get caught out with a dodgy lender).

If you have bad credit some lenders will require you to have a guarantor before they’ll lend to you. A guarantor is someone who is willing to step in to meet your repayments if you find yourself unable to.

If this option is not available to you, it is possible to get a no guarantor bad credit loan, it may need to be secured against your home or it can be unsecured, but will likely come at a higher than typical APR.

What are the advantages of a bad credit loan?

The most obvious answer is that it provides access to credit to those who otherwise would be locked out of borrowing.

Typically a loan will be a cheaper way of borrowing money than through a credit card, you can also usually borrow more and plan the lifetime cost of the loan up-front.

Also it can help those with poor credit ratings to repair their credit score. If all repayments are met for a bad credit loans are met on time, this demonstrates that borrower is reliable and they will see their credit score improve.

What are the disadvantages of a bad credit loan?

Typically the interest rates charged are significantly higher for those borrowing on a bad credit score. Unfortunately those applying for bad credit loans typically have had difficulty managing their finances in the past. Lenders will consider them to be higher risk borrowers and will charge higher rates to reflect this.

As with any personal loan if you don’t keep up with repayments you could face penalties charges and even CCJs or Bankruptcy.

Things to consider before applying for a bad credit loan

Longer repayment periods should give you lower monthly repayments, but ultimately you will pay more interest than if you try and pay the balance off quickly. Though, either way make sure to not overstretch yourself and ensure the monthly repayments are within your budget.

Often interest rates for loans get lower the more you borrow, based on a tiered system. If you are almost borrowing enough to benefit from the lower it rate of the tier above, it might be worth borrowing a little bit more to save money on the lifetime of your loan. Importantly, make sure you only borrow what you can afford.

It could be worth starting off with smaller loans and working up to larger amounts as you improve your credit score through sustainable borrowing.

How we calculate Rep. Example, Total repayable and Monthly repayments

The calculations on the table are designed as an indicator, and may not be exactly what you end up paying. This is because different suppliers have slightly different ways of calculating these figures. However, they will be very similar to the final amounts, usually within a few pounds of the final total and you will always see the final repayment amounts before signing the credit agreement.