If you are looking for personal loans for very bad credit, Lending Expert proudly works with an approved panel of direct lenders who can offer unsecured, guarantor and secured loans quickly to people who have a history of poor or adverse credit.
Bad Credit Loans – Apply Online
Our experts compare the market so you don’t have to.
Borrow from £1,000 – £250,000 from UK direct lenders online today
Unsecured and secured loans for bad credit repaid over 1 to 33 years
Quick loans for homeowners & tenants with no guarantor options
We’ll quickly check your eligibility against our panel of lenders. Get your loan results within 3 minutes.
We’ll check your eligibility and compare across 42 lenders to find a loan that matches your needs. It takes just a few minutes to get your online results.
If you are looking for personal loans for very bad credit, Lending Expert proudly works with an approved panel of direct lenders who can offer unsecured, guarantor and secured loans quickly to people who have a history of poor or adverse credit.
This calculator will give you an idea of costs. The exact amount and Initial Rate payable will be provided from the lender subject to credit and affordability checks.
Your monthly payment will be:
£169.35
Interest on this loan will be:
£18,805
Annual Percentage Rate (APR):
18.2%
Total repaid will be:
£50,805
Oplo Personal Loans offer unsecured personal loans from £2,000 to £15,000. Whether you’re looking to buy a new car, a new kitchen or thinking of any type of major purchase they can help secure the funding you need.
This provider is our Expert’s Choice in its category as it won tops marks for the following.
TRUST
VALUE
EXPERTISE & KNOWLEDGE
CUSTOMER SERVICE
Learn more about how we review and assess the providers here on Lending Expert.
Loan Amount £1,000 - £7,500
Annual Percentage Rate (APR) 27%
Loan Term 1 - 5 years
Loan Type Unsecured Personal Loan
Status
Homeowners & Tenants
Rated 4.4/ 5
All credit types
This calculator will give you an idea of costs. The exact amount and Initial Rate payable will be provided from the lender subject to credit and affordability checks.
Your monthly payment will be:
£169.35
Interest on this loan will be:
£18,805
Annual Percentage Rate (APR):
27%
Total repaid will be:
£50,805
Koyo offers one-day loan approval and they normally give a decision after 1 full working day. Once approved, Koyo says the money could be in your account within 1 working day.
Representative example: Amount of credit: £4,000.00 for 36 months. Interest rate: 24 % pa (fixed). 35 scheduled monthly payments of £157.31 and a final payment of £156.95. Total amount payable £5,662.80. Representative 27 % APR
This calculator will give you an idea of costs. The exact amount and Initial Rate payable will be provided from the lender subject to credit and affordability checks.
Your monthly payment will be:
£169.35
Interest on this loan will be:
£18,805
Annual Percentage Rate (APR):
48.9%
Total repaid will be:
£50,805
Guarantor My Loan are a peer to peer platform that doesn’t charge any upfront fees and you have the flexibility to repay what you owe early at any time without penalty.
Representative Example: £4,000 over 36 months, representative 48.9% APR fixed. Monthly payment £193.56. The interest is 17% per annum fixed and service fee is 23.48% per annum fixed. Interest payable £1,246.63 and service fee payable £1,721.53. Total repayable £6,968.16.
This calculator will give you an idea of costs. The exact amount and Initial Rate payable will be provided from the lender subject to credit and affordability checks.
Your monthly payment will be:
£169.35
Interest on this loan will be:
£18,805
Annual Percentage Rate (APR):
93.6%
Total repaid will be:
£50,805
With everyday loans, you're more than just your credit score. Here at everyday we look at your credit future, not just your credit history. As such even if you have bad credit now or you've had a poor credit score in the past, we may be able to help.
Borrowing £3,000 over 2 years at an interest rate of 67.9% p.a. (fixed), you will repay 24 monthly payments of £231.78 per month. Interest payable £2,562.75. Total amount payable £5,562.75. Representative 93.6% APR. Rates from 24.2% to 299.9% max APR.
Read our customer and visitor reviews for this product:
Good comparison service and lenders to choose from. Easy application form.
Plently of loans to choose from
by SL
These facility by Feasible.co.uk provided many solutions and gave me choice of several lenders as part of the search. Vey fast and no issues using them. Quick to phone me back also.
Can I Get a Loan with Bad Credit?
Yes, you can still get access to a bad credit loan, even if you have a poor credit history and have been rejected elsewhere.
Whilst most UK lenders are looking for good credit ratings, there are a number of lenders who cater specifically for the market of bad credit – offering guarantor, logbook, secured and unsecured loans.
At Lending Expert, we work with a large panel of lenders who can offer loans for people with bad credit. Customers can apply to borrow £500 to £20,000 repaid over 6 years – with all credit histories considered including CCJs, IVAs and more. Also see CCJ loans for more options.
You can use our comparison table provided to find the right product and rates for you – and simply click on ‘Check My Eligibility’ to get started.
Lending Expert is one of the UK’s largest aggregators of unsecured and secured lenders and we can help find the best bad credit loan for you.
We understand the difficulty in finding affordable finance if you need a loan with a bad credit rating. The challenge of filling in lots of applications and being denied can be tough – and you might feel that there are no options available.
However, this is not the case. We are proud to be working with a number of direct lenders who will be happy to review and process your loan application.
Our comparison service is completely free to use and will not impact your credit score.You can compare loan amounts, rates, repayment examples and different levels of security – and find the best option for you.
Security required such as car or home (for secured loans)
Do You Offer Secured Loans With Bad Credit?
Yes, if you are looking for a secured loan then we can certainly help with this. Bad credit secured loans are available for applicants who are homeowners and how equity in their home to secure the loan against. Typically secured loans are over £10,000 and repaid over a longer term upto 30 years for example. If you have adverse credit then you may find it easier to get a secured loan when compared to a unsecured or personal loan. To get started with a quote and to learn more about costs and repayments then simply check your eligibility above with Lending Expert.
How Much Can I Borrow?
Our bad credit lenders offer loans ranging from £500 to £20,000 based on your income and eligibility.
Typically, loans for poor credit will involve a guarantor or using something valuable that you own as security, such as your home or vehicle.
So if you have a guarantor with a strong credit rating or you have an asset like your home which is worth a lot, this will maximise the amount you can borrow.
You will also need to be employed and earning a regular income as proof that you can keep up with monthly repayments.
How Soon Can I Receive Funds?
With unsecured, personal loan and guarantor products, funding is often completed in 24 to 48 hours – providing that all the checks have been completed.
With secured loans, this can take a few days or weeks, since items or assets may need to be valued and verified before the loan can be completed and funded.
Do You Offer Bad Credit Loans from Direct Lenders?
Yes, we work with bad credit loans direct lenders, so that you can apply directly with the provider of your choice from start to finish.
We act as a matching and price comparison service, giving you a full overview of the products and rates available.
We do not charge any fees for using our service and you can have peace of mind that your application will be processed by a direct lender every step of the way – including the application, underwriting, funding and repayment process.
There are no other middlemen involved and we will not share your details without your permission.
Can I Get a Bad Credit Loan with No Guarantor?
Yes, you can get a bad credit loan without a guarantor. Whilst adding a guarantor to your loan is popular for most customers, there are alternatives available.
We offer a range of personal and unsecured options or you can use a bad credit secured loan, whereby you take something valuable that you own as security, such as a car, bike, van or property and leverage its value in order to borrow money. However, your asset is at risk of repossession if you do not keep up with your repayment.
How to Apply for a Bad Credit Loan with Lending Expert?
To apply for a bad credit loan online, simply compare rates and terms using our comparison table provided.
Perhaps you are looking specifically for a guarantor loan or maybe you are looking to leverage some valuable security that you own.
Once you have selected your chosen lender, you can click on ‘check eligibility’ where you will be taken directly to the lender’s website where you can apply.
You should be able to receive an initial quote or decision upon completing the application and subject to further checks, you may be able to receive funds into your bank account within a matter of days.
FAQ
Typically no. Credit checks are usually carried out as part of any loans process. However, with bad credit loans, your personal credit score is less important (since it is assumed that you have poor credit) and instead, the lender takes into consideration the value of your asset used as security or the quality of your guarantor.
Yes. The lenders on our panel accept past and settled CCJ's on credit file.
Being a discharged bankrupt may limit the amount of lenders that are open to you. However the lenders on our adverse credit panel will be happy to consider you application. They will consider your credit record as a whole.
Missed loan payments will limit the amount of lenders who will be willing to accept your loan application. However, the lenders on Lending Expert's credit panel will still be able to consider your application.
Yes. You will need to show adequate proof of income. This may be in the form of payslips if you are employed, or SA 302 forms if you are self employed either as a sole trader or company director.
Yes, if you make your loan repayments on time each and every month then this will positively affect your credit rating and increase your credit score.
Yes. Being self employed is not a problem as long as you can show proof of income from your business as either a sole trader or company director. Many lenders will request to see SA302 documents from HMRC which show your income for the financial year. You may also be asked to provide business accounts or verification from your accountant.
Yes. Our panel of lenders offer loans to people with bad credit without the requirement for a guarantor to be in place.
Lending Expert will search our panel of lenders to find you a suitable direct lender at the best rates possible. However we can not guarantee that you will be accepted for a loan, and a credit check will be neccessary to proceed with any loan offer.
Yes, you can get a bad credit loan near you on Lending Expert. However our lenders provide a national service and get provide UK funding across England, Wales and Scotland.
Yes, Lending Expert can help arrange a secured loan with bad credit from our expert brokers. There are a range of lenders who are willing to borrow to bad credit applicants. Simply check your eligibility above to get started.
If you wish to take out either an unsecured loan or secured loan with a bad credit history then you will need to undertake a credit check to progress with a loan application.
