Compare Loans for Bad Credit

Compare the best loans for bad credit side by side & find cheap bad credit loans that suit your circumstances in minutes. We make it easy to compare both unsecured & secured bank loans for people with bad credit so that you don't pay any more than you need to in interest when you take out a personal loan for people with a bad credit history.
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 Loan TypeMax LTVLoanRepresentative APRTerm 
MinimumMaximumMinimumMaximum
Blemain Finance
Large Medium Adverse Secured Loan
Secured55%£50,001£500,000
15.6%
variable
3
years
30
years
Representative Example: The Representative APR is 15.6% (variable) so if you borrow £250000 over 25 years at a rate of 13.76% p.a. (variable) you will repay £3115.07 per month & total amount payable £934,521.00.
You must be a homeowner to apply as this loan will be secured against your home.
Prestige Finance
 
Secured loan for thoses with mild adverse credit
Secured70%£10,000£100,000
16.15%
variable
3
years
25
years
Representative Example: The Representative APR is 16.15% (variable) so if you borrow £20000 over 10 years at a rate of 12.5% p.a. (variable) you will repay £323.49 per month & total amount payable £38,818.80.
You must be a homeowner to apply as this loan will be secured against your home.
Blemain Finance
Large Heavy Adverse Secured Loan
Secured50%£25,001£500,000
17.3%
variable
3
years
30
years
Representative Example: The Representative APR is 17.3% (variable) so if you borrow £150000 over 20 years at a rate of 14.96% p.a. (variable) you will repay £2092.68 per month & total amount payable £502,243.20.
You must be a homeowner to apply as this loan will be secured against your home.
Central Trust Ltd
 
Large Loan 16.2% APR
Secured70%£10,001£50,000
18.8%
variable
5
years
25
years
Representative Example: The Representative APR is 18.8% (variable) so if you borrow £20000 over 10 years at a rate of 15% p.a. (variable) you will repay £351.71 per month & total amount payable £42,205.20.
You must be a homeowner to apply as this loan will be secured against your home.
Moneyway
Personal Loan
Unsecured
---
£1,000£15,00018.9%
1
year
5
years
Representative Example: The Representative APR is 24.9% so if you borrow £5,000 over 4 years at a rate of 22.46% p.a. (fixed) you will repay £158.73 per month & £7,619.04 in total.
Blemain Finance
Heavy adverse BTL loan rates
Secured60%£5,000£75,000
19.3%
variable
3
years
30
years
Representative Example: The Representative APR is 19.3% (variable) so if you borrow £40000 over 15 years at a rate of 14.99% p.a. (variable) you will repay £636.99 per month & total amount payable £114,658.20.
You must be a homeowner to apply as this loan will be secured against your home.
Spring Finance
Secured loan for those with adverse credit
Secured65%£10,000£50,000
21.02%
variable
5
years
25
years
Representative Example: The Representative APR is 21.02% (variable) so if you borrow £15000 over 10 years at a rate of 15% p.a. (variable) you will repay £282.25 per month & total amount payable £33,870.00.
You must be a homeowner to apply as this loan will be secured against your home.
Blemain Finance
Secured loan for those with heavy adverse credit
Secured60%£3,000£30,000
21.1%
variable
3
years
30
years
Representative Example: The Representative APR is 21.1% (variable) so if you borrow £15000 over 10 years at a rate of 14.99% p.a. (variable) you will repay £274.57 per month & total amount payable £32,948.40.
You must be a homeowner to apply as this loan will be secured against your home.
Central Trust Ltd
 
Small Loan 16.2% APR
Secured70%£3,000£10,000
22.5%
variable
3
years
15
years
Representative Example: The Representative APR is 22.5% (variable) so if you borrow £5000 over 5 years at a rate of 15.6% p.a. (variable) you will repay £133.79 per month & total amount payable £8,027.40.
You must be a homeowner to apply as this loan will be secured against your home.
Opal Loans
Personal Loan
Unsecured
---
£2,000£10,00024.9%
2
years
5
years
Representative Example: Representative 24.9% APR (variable). Borrow £5,000 and pay £198.53 a month for 36 months. The Total Interest Payable is £2,147.08. The Total Amount Payable is £7,147.08.
Opal Loans offers a loan broking service. Please only apply if you are a home owner, aged 25 to 72, earning £15,000 per annum, and making regular payments to your mortgage.
Midland Credit
Car Loan (Poor)
Car Loan
---
£3,000£50,00027.9%
1
year
5
years
Representative Example: The representative APR is 27.99% (fixed) so if you borrow £10,000 over 4 years at a rate of 27.99% p.a. (fixed) you will repay £324.96 per month & £15,598.00 in total.
Loan available for car finance only.
You can buy any car from any dealer with either a good or bad credit history and there are no admin fees.
Car Finance 24/7
 
Poor Credit
Car Loan
---
£2,000£35,00029.9%
1
year
5
years
Representative Example: The Representative APR is 29.9% (fixed) so if you borrow £5,000 over 4 years at a rate of 29.9% p.a. (fixed) you will repay £179.74 per month & £8,627.49 in total. Arrangement fee £125.
Loan available for car, van & motorbike finance only.
Buy your vehicle from any dealer in the UK!
Equifinance
Secured loan for thoses with a poor credit rating
Secured65%£15,000£30,000
31.1%
variable
5
years
20
years
Representative Example: The Representative APR is 31.1% (variable) so if you borrow £20000 over 10 years at a rate of 23.4% p.a. (variable) you will repay £488.76 per month & total amount payable £58,651.20.
You must be a homeowner to apply as this loan will be secured against your home.
Evolution Money
Adverse credit acceptable
Secured110%£5,000£10,000
32.2%
variable
3
years
10
years
Representative Example: The Representative APR is 32.2% (variable) so if you borrow £8500 over 6 years at a rate of 23.1% p.a. (variable) you will repay £246.1 per month & total amount payable £17,719.20.
You must be a homeowner to apply as this loan will be secured against your home.
MSG Cars
Car Finance
Car Loan
---
£5,000£25,00033.4%
2
years
4
years
Representative Example: The representative APR is 33.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 33.4% p.a. (fixed) you will repay £378.91 per month & £18,187.56 in total.
Loan available for car finance only.
Equifinance
Secured loan for thoses with a poor credit rating
Secured70%£10,000£15,000
35.8%
variable
5
years
20
years
Representative Example: The Representative APR is 35.8% (variable) so if you borrow £10000 over 5 years at a rate of 23.4% p.a. (variable) you will repay £329.54 per month & total amount payable £19,772.40.
You must be a homeowner to apply as this loan will be secured against your home.
Equifinance
Secured loan for thoses with a poor credit rating
Secured75%£5,000£10,000
42.4%
variable
5
years
20
years
Representative Example: The Representative APR is 42.4% (variable) so if you borrow £5000 over 5 years at a rate of 23.4% p.a. (variable) you will repay £180.33 per month & total amount payable £10,819.80.
You must be a homeowner to apply as this loan will be secured against your home.
Evolution Money
Our highest equity secured loan
Secured120%£5,000£10,000
42.4%
variable
3
years
10
years
Representative Example: The Representative APR is 42.4% (variable) so if you borrow £7500 over 5 years at a rate of 30.6% p.a. (variable) you will repay £270.24 per month & total amount payable £16,214.40.
You must be a homeowner to apply as this loan will be secured against your home.
Everydayloans
Duo Loan
Unsecured
---
£1,000£5,00044.8%
13
months
5
years
Representative Example: The Representative APR is 44.8% (variable) so if you borrow £3,000 over 3 years at a rate of 37.6% p.a. (variable) you will repay £140.16 per month & £5,045.72 in total.
The Duo guarantor loan from Everyday loans is one of the lowest cost Guarantor Loans in the UK. There are no upfront or late fees. If you can afford the loan repayments and have a guarantor that's a UK homeowner, we can help.
GuarantorUs Loans
 
Unsecured Guarantor Loan
Unsecured
---
£1,000£5,00045.0%
1
year
5
years
Representative Example: The representative APR is 45.0% (variable) so if you borrow £5,000 over 2 years at a rate of 37.77% p.a. (variable) you will repay £299.96 per month & £7,198.98 in total.
GuarantorUs offer the best value guarantor loan in the UK. Find a guarantor and receive up to £5,000 the same day. No fees ever.
UK Credit Ltd
Guarantor Loan
Unsecured
---
£1,000£7,50047.9%
1
year
5
years
Representative Example: £3,000 over 3 years, Annual interest rate 39.8% fixed, monthly payment £143.98. Interest payable £2,183.28. Total repayable £5,183.28. Representative 47.9% APR fixed.
UK Credit is a specialist, no fee guarantor loan provider. All bad credit considered. Please only apply if you have a homeowner guarantor to support your application.
Evolution Money
No equity, no problem
Secured150%£3,000£6,000
49.2%
variable
3
years
5
years
Representative Example: The Representative APR is 49.2% (variable) so if you borrow £4500 over 4 years at a rate of 34.5% p.a. (variable) you will repay £191.19 per month & total amount payable £9,177.12.
You must be a homeowner to apply as this loan will be secured against your home.
1Plus1 Loans
1Plus1 Loan
Unsecured
---
£500£5,00049.7%
1
year
5
years
Representative Example: The Representative APR is 49.7% (fixed) so if you borrow £2,000 over 2 years at a rate of 49.7% p.a. (fixed) you will repay £123.49 per month & £2,963.76 in total. Arrangement fee £50.
A 10% broker fee will be included within your monthly repayments.
Amigo Loans Ltd
Guarantor Loan
Unsecured
---
£500£5,00049.9%
1
year
5
years
Representative Example: The Representative APR is 49.9% (variable) so if you borrow £5,000 over 2 years at a rate of 41.16% p.a. you will repay £309.08 per month & £7,417.92 in total.
Struggling to get a loan even though you know can afford to pay it back? Amigo can lend you up to £5000 as long as you've got someone willing to back you up.
UK Trust Loans
Guarantor Loan
Unsecured
---
£1,500£3,00049.9%
1
year
3
years
Representative Example: The representative APR is 49.9% (variable) so if you borrow £1,500 over 2 years at a rate of 41.16% p.a. (fixed) you will repay £92.74 per month & £2,225.76 in total.
1st Stop
Guarantor Loan
Unsecured
---
£500£5,00052.6%
1
year
5
years
Representative Example: The representative APR is 52.64% so if you borrow £3,500 over 3 years at a rate of 52.64% p.a. (fixed) you will repay £174.92 per month & £6,297.12 in total.
eMoneyUnion
Personal Loan
Unsecured
---
£1,000£10,00052.9%
1
year
5
years
Representative Example: The Representative APR is 52.9% (fixed) at a rate of 52.9% p.a. (fixed)Arrangement fee £145.
Aspire Money
Personal Loan
Unsecured
---
£500£7,50058.5%
1
year
7
years
Representative Example: Representative 58.5% APR. Borrow £5,000 and pay £297.34 a month for 36 months. The interest payable is £5,704.24. The total repayable is £10,704.24.
Aspire Money offer a loan brokering service with no upfront fees and have loans available that don\'t require a guarantor. Please only apply if you are aged 18 to 65, employed or self employed with a income of more than £800 a month.
Evolution Money
Unlimited equity loans up to £5,500
Secured150%£2,000£5,500
63%
variable
1.5
years
5
years
Representative Example: The Representative APR is 63% (variable) so if you borrow £3500 over 3 years at a rate of 42.6% p.a. (variable) you will repay £189.17 per month & total amount payable £6,810.12.
You must be a homeowner to apply as this loan will be secured against your home.
UK Credit Ltd
Tenant Guarantor Loan
Unsecured
---
£1,000£3,00069.9%
1
year
3
years
Representative Example: £2,000 over 2 years, Annual interest rate 45.84% fixed, monthly payment £113.47. Interest payable £2,084.92. Total repayable £4,084.92. Representative 69.9% APR fixed.
Get a guarantor loan today using a TENANT AS YOUR GUARANTOR. All bad credit is considered. Ideal for consolidating more expensive credit. No fees. Fixed rates.
Fair Finance
Personal Loan
Unsecured
---
£100£2,00075.0%
6
months
3
years
Representative Example: The Representative APR is 75% (fixed) so if you borrow £500 over 1 year at a rate of 75% p.a. (fixed) you will repay £52.88 per month & £660 in total.
Everydayloans
Personal Loan
Unsecured
---
£1,000£10,00079.7%
13
months
5
years
Representative Example: The Representative APR is 79.7% (fixed) at a rate of 79.7% p.a. (fixed)
Evolution Money
Unlimited equity loan up to £3,000
Secured150%£1,000£3,000
82.5%
variable
1
year
3
years
Representative Example: The Representative APR is 82.5% (variable) so if you borrow £2000 over 2 years at a rate of 51.1% p.a. (variable) you will repay £146.96 per month & total amount payable £3,527.04.
You must be a homeowner to apply as this loan will be secured against your home.
118 118 Money
Loan
Unsecured
---
£1,000£5,00099.9%
1
year
2
years
Representative Example: The Representative APR is 99.9% so if you borrow £2,000 over 2 years at a rate of 71% p.a. (fixed) you will repay £158.13 per month & £3,795.12 in total.
Pounds to Pocket
 
Personal Loan
Unsecured
---
£200£2,000399.0%
1
year
1
year
Representative Example: The Representative APR is 399% so if you borrow £500 over 1 year at a rate of 172% you will repay £98.54 per month and £1182.50 in total.
Provident Personal Credit
 
Cash Loan
Unsecured
---
£100£500399.7%
6
months
1
year
Representative Example: Representative 399.7% APR. Borrow £200 and pay £10 per week for 32 weeks at a fixed interest rate of 97.5% per year. The Total Repayable is £320.
Shopacheck
Cash Loan
Unsecured
---
£200£1,000399.7%
8
months
1
year
Representative Example: The representative APR is 399.7% (fixed) so if you borrow £300 over 8 months at a rate of 399.7% p.a. (fixed) you will repay £60 per month & £480 in total.
Oakam
Bonus Loan
Unsecured
---
£200£600676.6%
3
months
6
months
Representative Example: The Representative APR is 676.6% (fixed) so if you borrow £240 over 13 weeks at a rate of 977.4% p.a. (variable) you will repay £25 per week & £276.67 in total.

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

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Bad Credit Loans Explained

We explain how bad credit loans work, who they're suitable for and why they might be right for you.

Money Jigsaw

Bad credit loans are designed to offer flexible borrowing opportunities to those who have previously been turned down for credit due to CCJs, arrears or simply having a poor credit history due to missed or late payments.

Loan providers see lending to people with a poor credit history as a risky investment, so the majority only offer secured loans for people with bad credit.

What are secured loans?

Secured loans mean the amount borrowed is secured on the applicant's property or another valuable asset – because of this poor credit loans are usually only available to homeowners.

Lenders prefer secured loans as they provide protection for their investment. If the borrower doesn’t meet loan repayments over an extended period, providers can repossess the property to reclaim their funds.

What interest rates can you get?

Lenders that offer loans for poor credit will still check your credit score to determine whether they will lend to you, as well as the interest rate they will offer.

The interest rates offered to those with a poor credit history tend to be significantly higher than those advertised on the high street.

However, the actual interest rate offered to each individual depends on the amount borrowed (with larger amounts tending to attract lower interest rates) as well as the personal circumstances of the applicant.

Those with a better credit history are likely to be eligible for a lower interest rate than those with a poor credit history as they are more likely to meet repayments throughout the loan term.

What about unsecured loans?

Because providers need to protect their investment, bad credit unsecured loans tend to be hard to come by.

Most unsecured bad credit loans will have even higher interest rates than bad credit loans secured on property.

In many cases unsecured loans for poor credit will be provided by brokers who have access to lots of plans enabling them to find the lowest rate that fits your personal circumstances.

When looking to take out personal loans bad credit can make it feel like you have no option but to accept whatever you are offered. Regardless of your financial circumstances it is important to be mindful of lenders charging very high interest rates.

What next?

The majority of bad credit lenders place little restriction on what the borrowed funds can be used for.

Whether you want to consolidate your existing commitments into a more manageable monthly amount or buy a new car, you should be able to do so.

Additionally, some lenders offer features such as optional repayment holidays and low early repayment charges, possibly waiving them altogether.

By comparing quotes from different bad credit loan providers you should be able to find a loan plan that is right for you.

Loan Comparison

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