Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Typical APR 27.1% variable.

Central Trust Ltd Fixed Rate Secured Loan
Loan TypeLoan AmountInterest RateLoan Term
Secured
(Maximum LTV 60%)
£20,001 to £70,00011.25% p.a3 years to 25 years
You must be a homeowner to apply as this loan will be secured against your home.
Central Trust Ltd Fixed Rate Secured Loan
Loan TypeLoan AmountInterest RateLoan Term
Secured
(Maximum LTV 70%)
£20,001 to £50,00011.75% p.a3 years to 25 years
You must be a homeowner to apply as this loan will be secured against your home.
Central Trust Ltd Fixed Rate Secured Loan
Loan TypeLoan AmountInterest RateLoan Term
Secured
(Maximum LTV 75%)
£10,001 to £20,00012.49% p.a3 years to 25 years
You must be a homeowner to apply as this loan will be secured against your home.
Prestige Finance Near Prime Secured Loan
Loan TypeLoan AmountInterest RateLoan Term
Secured
(Maximum LTV 70%)
£10,000 to £100,00012.5% p.a3 years to 25 years
You must be a homeowner to apply as this loan will be secured against your home.
Central Trust Ltd Fixed Rate Secured Loan
Loan TypeLoan AmountInterest RateLoan Term
Secured
(Maximum LTV 70%)
£50,001 to £70,00012.99% p.a3 years to 25 years
You must be a homeowner to apply as this loan will be secured against your home.
Blemain Finance Large Medium Adverse Secured Loan
Loan TypeLoan AmountInterest RateLoan Term
Secured
(Maximum LTV 55%)
£50,001 to £500,00013.76% p.a3 years to 30 years
You must be a homeowner to apply as this loan will be secured against your home.
Central Trust Ltd Micro Secured Loan
Loan TypeLoan AmountInterest RateLoan Term
Secured
(Maximum LTV 70%)
£3,000 to £10,00013.99% p.a3 years to 25 years
You must be a homeowner to apply as this loan will be secured against your home.
Blemain Finance Large Heavy Adverse Secured Loan
Loan TypeLoan AmountInterest RateLoan Term
Secured
(Maximum LTV 50%)
£25,001 to £500,00014.96% p.a3 years to 30 years
You must be a homeowner to apply as this loan will be secured against your home.
Blemain Finance Heavy Adverse Secured Loan
Loan TypeLoan AmountInterest RateLoan Term
Secured
(Maximum LTV 60%)
£3,000 to £30,00014.99% p.a3 years to 30 years
You must be a homeowner to apply as this loan will be secured against your home.
Blemain Finance Heavy Adverse BTL Secured Loan
Loan TypeLoan AmountInterest RateLoan Term
Secured
(Maximum LTV 60%)
£5,000 to £75,00014.99% p.a3 years to 30 years
You must be a homeowner to apply as this loan will be secured against your home.
Spring Finance Heavy Adverse Secured Loan
Loan TypeLoan AmountInterest RateLoan Term
Secured
(Maximum LTV 65%)
£5,000 to £100,00015% p.a5 years to 25 years
You must be a homeowner to apply as this loan will be secured against your home.
1st Stop Homeowner Plus
Loan TypeLoan AmountInterest RateLoan Term
Unsecured£1,000 to £10,00018.2% APR Representative1 year to 6 years
This is an unsecured loan, but you must be a homeowner to apply as it is designed for homeowners who would prefer not to secure a loan against their property.
Representative Example: The Representative APR is 18.21% APR so if you borrow £5,000 over 5 years at a rate of 8.5% (fixed) you will repay £124.59 per month and £7,475.40 in total. The total charge for credit is £2,475.40 which includes a processing fee of £375.
Moneyway Personal Loan
Loan TypeLoan AmountInterest RateLoan Term
Unsecured£1,000 to £15,00018.9% APR Representative1 year to 5 years
Representative Example: The Representative APR is 24.9% APR 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.
Equifinance Adverse Secured Loan
Loan TypeLoan AmountInterest RateLoan Term
Secured
(Maximum LTV 70%)
£5,000 to £30,00019.2% p.a5 years to 20 years
You must be a homeowner to apply as this loan will be secured against your home.
Equifinance Adverse Secured Loan
Loan TypeLoan AmountInterest RateLoan Term
Secured
(Maximum LTV 75%)
£15,001 to £30,00019.2% p.a5 years to 20 years
You must be a homeowner to apply as this loan will be secured against your home.
Equifinance Adverse Secured Loan
Loan TypeLoan AmountInterest RateLoan Term
Secured
(Maximum LTV 75%)
£5,000 to £15,00019.2% p.a5 years to 20 years
You must be a homeowner to apply as this loan will be secured against your home.
Equifinance Adverse Secured Loan
Loan TypeLoan AmountInterest RateLoan Term
Secured
(Maximum LTV 65%)
£5,000 to £10,00021.6% p.a5 years to 20 years
You must be a homeowner to apply as this loan will be secured against your home.
Citrus Loans Personal Loan
Loan TypeLoan AmountInterest RateLoan Term
Unsecured£500 to £20,00022.5% APR Representative1 year to 3 years
Representative Example:The Representative APR is 22.5% APR so if you borrow £3,000 over 2 years at a rate of 20.5% (fixed) then you will repay £153.38 per month & £3,681.05 in total.
Car Finance 24/7 Poor Credit
Loan TypeLoan AmountInterest RateLoan Term
Car Loan£2,000 to £35,00022.9% APR Representative1 year to 5 years
Buy your vehicle from any dealer in the UK!
Loan available for car, van & motorbike finance only.
Representative Example: The Representative APR is 22.9% APR (fixed) so if you borrow £2,000 over 2 years at a rate of 22.9% APR p.a. (fixed) you will repay £102.57 per month & £2,461.68 in total.
Evolution Money Near Prime Secured Loan
Loan TypeLoan AmountInterest RateLoan Term
Secured
(Maximum LTV 110%)
£5,000 to £10,00023.1% p.a3 years to 10 years
You must be a homeowner to apply as this loan will be secured against your home.
Opal Loans Personal Loan
Loan TypeLoan AmountInterest RateLoan Term
Unsecured£2,000 to £10,00024.9% APR Representative2 years to 5 years
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.
Representative Example: The Representative APR is 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.
Midland Credit Car Loan (Poor)
Loan TypeLoan AmountInterest RateLoan Term
Car Loan£3,000 to £50,00027.9% APR Representative1 year to 5 years
You can buy any car from any dealer with either a good or bad credit history and there are no admin fees.
Loan available for car finance only.
Representative Example: The representative APR is 27.99% APR (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.
Evolution Money Near Prime Secured Loan
Loan TypeLoan AmountInterest RateLoan Term
Secured
(Maximum LTV 120%)
£5,000 to £10,00030.6% p.a3 years to 10 years
You must be a homeowner to apply as this loan will be secured against your home.
Glenside Finance Poor Credit
Loan TypeLoan AmountInterest RateLoan Term
Car Loan£2,000 to £75,00032.4% APR Representative1 year to 4 years
Representative Example: The representative APR is 32.4% APR (fixed) so if you borrow £5000 over 4 years at a rate of 32.4% p.a. (fixed) you will repay £170.83 per month & £8397.84 in total. Typical Arrangement fee £99 & Option to Purchase Fee £99.
MSG Cars Car Finance
Loan TypeLoan AmountInterest RateLoan Term
Car Loan£5,000 to £25,00033.4% APR Representative2 years to 4 years
Loan available for car finance only.
Representative Example: The representative APR is 33.4% APR (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.
Evolution Money Near Prime Secured Loan
Loan TypeLoan AmountInterest RateLoan Term
Secured
(Maximum LTV 150%)
£3,000 to £6,00034.5% p.a3 years to 5 years
You must be a homeowner to apply as this loan will be secured against your home.
1st Stop Homeowner
Loan TypeLoan AmountInterest RateLoan Term
Unsecured£1,000 to £5,00037.2% APR Representative1 year to 3 years
This is an unsecured loan, but you must be a homeowner to apply as it is designed for homeowners who would prefer not to secure a loan against their property.
Representative Example: The Representative APR is 37.2% APR so if you borrow £3,000 over 3 years at a rate of 17.0% (fixed) you will repay £132.19 per month and £4,758.84 in total. The total charge for credit is £1,758.84 which includes a processing fee of £225.
Everydayloans Duo Loan
Loan TypeLoan AmountInterest RateLoan Term
Unsecured£1,000 to £5,00039.9% APR Representative13 months to 5 years
The duo Loan from Everydayloans is one of The lowest cost Guarantor Loans in the UK, there are no upfront or late fee's, if you can afford the loan repayments and have a guarantor that's a UK homeowner we can help.
Homeowner and Tenant guarantors are accepted.
Representative Example: The Representative APR is 39.9% APR (variable) so if you borrow £1,000 over 2 years at a rate of 34.0% p.a. (variable) you will repay £57.99 per month & £1391.76 in total.
Evolution Money Unlimited LTV Secured Loan
Loan TypeLoan AmountInterest RateLoan Term
Secured
(Maximum LTV 500%)
£2,000 to £5,50042.6% p.a1.5 years to 5 years
You must be a homeowner to apply as this loan will be secured against your home.
Hero Loans Guarantor Loan
Loan TypeLoan AmountInterest RateLoan Term
Unsecured£1,000 to £5,00044.9% APR Representative1 year to 5 years
Hero Loans offers same day guarantor loans for between £1,000 and £5,000. Bad credit and CCJs considered. Guarantor required. No fees.
Your guarantor must be a homeowner.
Representative Example: The Representative APR is 44.90% APR (variable) so if you borrow £4,000 over 3 years at a rate of 37.67% p.a. you will repay £187.04 per month & £6,733.44 in total.
GuarantorUs Loans Unsecured Guarantor Loan
Loan TypeLoan AmountInterest RateLoan Term
Unsecured£1,000 to £5,00045.0% APR Representative1 year to 5 years
Your guarantor does not even have to be a homeowner, tenants and other non-homeowners also considered.
Representative Example: The representative APR is 45.0% APR (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.
UK Credit Ltd Guarantor Loan
Loan TypeLoan AmountInterest RateLoan Term
Unsecured£1,000 to £7,50045.3% APR Representative1 year to 5 years
UK Credit is a specialist no fee guarantor loan provider. Lending from £1000 - £7500.00 if you have a guarantor who is a homeowner to support your application. We can also lend to you if your guarantor is a tenant (see link below)
Your guarantor must be a homeowner.
Representative Example: The Representative APR is 45.3% APR (fixed) so if you borrow £3000 over 3 years at a rate of 37.96% p.a (fixed) you will pay £143.98 per month & £5183.28 in total.
LendFair Ltd Guarantor Loan
Loan TypeLoan AmountInterest RateLoan Term
Unsecured£500 to £5,00048.0% APR Representative6 months to 5 years
Representative Example: The representative APR is 48.0% APR (fixed) so if you borrow £2,500 over 3 years at a rate of 48.0% p.a. (fixed) you will repay £120.04 per month & £4,321.44 in total.
Springcoin Personal Loan
Loan TypeLoan AmountInterest RateLoan Term
Unsecured£1,000 to £20,00048.5% APR Representative1 year to 3 years
Interest rates available from 19% - 99% subject to the credit history of the applicant.
Representative Example: The Representative APR is 48.5% APR (fixed) so if you borrow £3,000 over 1 year at a rate of 48.5% p.a. (fixed) you will repay £670.83 per month & £3670.83 in total.
Amigo Loans Ltd Guarantor Loan
Loan TypeLoan AmountInterest RateLoan Term
Unsecured£500 to £5,00049.9% APR Representative1 year to 5 years
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.
Homeowner and tenant guarantors are accepted
Representative Example: The Representative APR is 49.9% APR (fixed) so if you borrow £5,000 over 5 years at a rate of 49.9% APR p.a. (variable) you will repay £197.62 per month & £11,857.20 in total.
UK Trust Loans Guarantor Loan
Loan TypeLoan AmountInterest RateLoan Term
Unsecured£1,500 to £5,00049.9% APR Representative1 year to 5 years
Your guarantor must be a homeowner.
Representative Example: The Representative APR is 49.9% APR (variable) so if you borrow £1,500 over 1 year at a rate of 41.16% p.a. (fixed) you will repay £154.60 per month & £1,855.20 in total.
Consollo Guarantor Loan
Loan TypeLoan AmountInterest RateLoan Term
Unsecured£1,000 to £5,00049.9% APR Representative1 year to 5 years
Your guarantor must be a homeowner.
Representative Example: The representative APR is 49.9% APR so if you borrow £2,000 over 2 years at a rate of 41.16% p.a. (fixed) you will repay £123.63 per month & £2,967.12 in total.
Evolution Money Unlimited LTV Secured Loan
Loan TypeLoan AmountInterest RateLoan Term
Secured
(Maximum LTV 500%)
£1,000 to £3,00051.1% p.a1 year to 3 years
You must be a homeowner to apply as this loan will be secured against your home.
UK Credit Ltd Tenant Guarantor Loan
Loan TypeLoan AmountInterest RateLoan Term
Unsecured£1,000 to £3,00054.9% APR Representative1 year to 3 years
UK credit is a specialist no fee guarantor loan provider, we can lend to you even if your guarantor is not a home owner. If you have a guarantor who is tenant we can help you borrow from £1000 - £3000.
Representative Example: The Representative APR is 54.9% APR (fixed) so if you borrow £2,000 over 2 years at a rate of 36.7% p.a (fixed) you will repay £101.65 per month & £3,659.40 in total.
Aspire Money Personal Loan
Loan TypeLoan AmountInterest RateLoan Term
Unsecured£500 to £7,50058.5% APR Representative1 year to 7 years
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.
Representative Example: The Representative APR is 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.
Everydayloans Personal Loan
Loan TypeLoan AmountInterest RateLoan Term
Unsecured£1,000 to £10,00079.7% APR Representative13 months to 5 years
Representative Example: The Representative APR is 79.7% (variable) so if you borrow £3,000 over 3 years at a rate of 60.0% p.a. (variable) you will repay £181.30 per month & £6,526.80 in total.
On Stride Financial Personal Loan
Loan TypeLoan AmountInterest RateLoan Term
Unsecured£1,000 to £5,00089.0% APR Representative1 year to 3 years
Representative Example: Representative APR is 89% APR. Borrow £2000 and pay £151.47 per month for 24 months. The interest payable is £1635.31. The total repayable is £3635.31.
118 118 Money Loan
Loan TypeLoan AmountInterest RateLoan Term
Unsecured£1,000 to £5,00099.9% APR Representative1 year to 2 years
Representative Example: The Representative APR is 99.9% APR (fixed) so if you borrow £1,500 over 2 years at a rate of 71.3% p.a. (fixed) you will repay £118.88 per month & £2,853.12 in total.

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Bad Credit Loans Explained

by Hannah from money.co.uk

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 of lenders only offer people in these circumstances secured loans.

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 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 bad 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.

What about unsecured loans?

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

Most unsecured loans will have higher interest rates than loans that are secured on property especially when applying with a poor credit history. .

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.

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