1st Stop Homeowner Plus
Loan AmountRepresentative APRLoan TermBad Credit
£1,000 to £10,00018.2% APR
(£1,000 to £10,000)
1 year to 6 yearsno
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 AmountRepresentative APRLoan TermBad Credit
£1,000 to £15,00018.9% APR
(£12,001 to £15,000)
1 year to 5 yearsyes
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.
Citrus Loans Personal Loan
Loan AmountRepresentative APRLoan TermBad Credit
£500 to £20,00022.5% APR
(£500-£20,000)
1 year to 3 yearsyes
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.
Opal Loans Personal Loan
Loan AmountRepresentative APRLoan TermBad Credit
£2,000 to £10,00024.9% APR
(£2,000 to £10,000)
2 years to 5 yearsyes
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.
1st Stop Homeowner
Loan AmountRepresentative APRLoan TermBad Credit
£1,000 to £5,00037.2% APR
(£1,000 to £5,000)
1 year to 3 yearsno
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 AmountRepresentative APRLoan TermBad Credit
£1,000 to £5,00039.9% APR
(£1,000 to £5,000)
13 months to 5 yearsyes
The low cost Guarantor Loan from Everyday Loans. No up front or late fees are charged, you must be able to afford the loan repayments and have a guarantor with good credit.
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.
Hero Loans Guarantor Loan
Loan AmountRepresentative APRLoan TermBad Credit
£1,000 to £5,00044.9% APR
(£1,000 to £5,000)
1 year to 5 yearsyes
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 AmountRepresentative APRLoan TermBad Credit
£1,000 to £5,00045.0% APR
(£1,000 to £5,000)
1 year to 5 yearsyes
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 AmountRepresentative APRLoan TermBad Credit
£1,000 to £7,50045.3% APR
(£3,500 to £7,500)
1 year to 5 yearsyes
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 AmountRepresentative APRLoan TermBad Credit
£500 to £5,00048.0% APR
(£500 to £5,000)
6 months to 5 yearsyes
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 AmountRepresentative APRLoan TermBad Credit
£1,000 to £20,00048.5% APR
(£1,000 to £20,000)
1 year to 3 yearsyes
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 AmountRepresentative APRLoan TermBad Credit
£500 to £5,00049.9% APR
(£500 to £5,000)
1 year to 5 yearsyes
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 AmountRepresentative APRLoan TermBad Credit
£1,500 to £5,00049.9% APR
(£1,500 to £5,000)
1 year to 5 yearsyes
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 AmountRepresentative APRLoan TermBad Credit
£1,000 to £5,00049.9% APR
(£1,000 to £5,000)
1 year to 5 yearsyes
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.
UK Credit Ltd Tenant Guarantor Loan
Loan AmountRepresentative APRLoan TermBad Credit
£1,000 to £3,00054.9% APR
(£1,000 to £3,000)
1 year to 3 yearsyes
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 AmountRepresentative APRLoan TermBad Credit
£500 to £7,50058.5% APR
(£500 to £7,500)
1 year to 7 yearsyes
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 AmountRepresentative APRLoan TermBad Credit
£1,000 to £10,00079.7% APR
(£1,000 to £10,000)
13 months to 5 yearsyes
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 AmountRepresentative APRLoan TermBad Credit
£1,000 to £5,00089.0% APR
(£1,000 to £5,000)
1 year to 3 yearsyes
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 AmountRepresentative APRLoan TermBad Credit
£1,000 to £5,00099.9% APR
(£1,000 to £5,000)
1 year to 2 yearsyes
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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Can You Get an Unsecured Loan with Bad Credit?

by DanB from money.co.uk

Finding a loan if you have a poor credit rating can be difficult, especially if you don't want to risk your home or possessions. But there are options out there, and knowing what to look for will help you find the best bad credit unsecured loans.

1 Creditcheck

If you're looking for an unsecured loan, bad credit, caused by missed payments or in some cases simply having not built a credit history yet, can seriously narrow your options.

But if you want to buy a new car, improve your home or consolidate some existing debts you may still need a loan to help you pay for it. The trick is knowing what to look for.

The cheapest loan options are usually secured loans, which use your home to guarantee the balance if you have built up enough equity. However not everyone has this luxury, and if you don't own your home or don't want to risk losing it you can opt for an unsecured loan instead.

With no collateral involved, these are based purely on the lender deciding whether or not you can repay it. The lender's affordability checks will cover what you earn, your monthly outgoings and your credit rating.

Even if you have a history of bad credit, you should still go about your personal loan comparison in the same way; however, your choice will be limited to specialist "bad credit loans". Here's how to get the cheapest bad credit loan:

How large a loan do you need?

How much you borrow will affect what companies will offer you a loan and the interest rates they charge, so decide how much you need before applying. This will stop you wasting time looking into unsuitable products and help you more accurately work out what each loan will cost you. Simply match your required loan to each lender's maximum / minimum borrowing figures.

How long do you need to repay the loan?

You can often choose the length of the term you repay your loan over. A longer period will make your monthly payments smaller and can sometimes come with a lower APR, but you'll probably pay more interest overall. So when you choose the term of your loan, make sure you can comfortably afford the amount you need to pay each month, while still keeping the term as short as possible.

Would you like the loan to be fixed or flexible?

A fixed loan allows you to pay the same amount each month, making it easier to plan your budget. If the loan provider supplies a loan repayment calculator, you should be able to work out how much the payments will be depending by specifying the amount and term. With a flexible loan you'll still owe that fixed monthly amount, however you may also be allowed to pay off the loan early or make overpayments.

Fixed or variable interest?

A fixed interest rate will give you the peace of mind of knowing exactly how much you need to pay each month, as the rate you pay will be guaranteed for the loan's entire term. Variable interest rates aren't guaranteed, so could go up or down. This could leave you needing to pay back more than anticipated and could even be the difference between being able to pay back the loan or not.

Are any fees charged?

Loans can often charge set-up fees as well as interest, so be sure to factor these in when you work out the total cost of the loan. These can include charges for early repayment or for getting the money to you on the same day. Many unsecured bad credit loans are sold through brokers, so make sure you check for their fees too.

Will you be eligible for the loan?

If your credit rating is already low, you won't want to make it worse, so apply for unsecured personal loans for bad credit with caution. If you apply for too many, this could make your credit rating worse, so try to stick with the companies that will be willing to lend to you and don't just apply to all companies in the hope that one will accept. Our article How to check your credit report can help give you an idea of where you stand.

As well as your credit rating, keep an eye on the terms and conditions for any other eligibility criteria the lenders have, such as your age, your residential status, that you have a current account and a regular income.

Homeowner guarantors

Many of the loans you find advertised will only be available if you have a guarantor to back you up. This means that while the loan is unsecured for you, your guarantor must agree to pay it if you miss your payments. Most lenders require your guarantor to be a homeowner; if both of you fail to pay the loan they could lose their home. So be sure to make sure your guarantor knows of the risks before your apply.

Compare unsecured loans for poor credit

Providers generally see unsecured loans as risky, as there is no collateral to recover their money from if repayments are missed. So unsecured loans for bad credit often have higher interest rates, which makes it even more important to look for the best deal you can find.

Our unsecured loans bad credit comparison will help you find the best interest rates, but when you decide on the right loan for you, make sure you consider its total cost by looking at the monthly repayments and fees. Combine this with looking for the amount you need, available for repayment over a period that suits you.

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