David Beard

Expertly compared by David Beard

Products Updated September 9, 2021

Apply for Bad Credit Loans Online

If you are looking for bad credit loans, Lending Expert proudly works with an approved panel of lenders who can offer unsecured, guarantor and secured loans to people who have a history of poor or adverse credit. Use the comparison table provided below and ‘check your eligibility’ to apply and get the funds that you need.

The actual rate you're offered will depend on your personal circumstances – including your credit rating.

5 providers expertly compared:

Oplo

Loan Amount
£2,000 - £15,000

Annual Percentage Rate (APR)
18.2%

Loan Term
2 - 6 years

Loan Type
Poor Credit Lender

Status
Homeowners & Tenants

Rated 4.4/ 5

All credit types

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.

Representative Example

5 providers expertly compared:

Koyo

Why?

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

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

5 providers expertly compared:

Uk Credit

Loan Amount
£3,000 - £15,000

Annual Percentage Rate (APR)
29.9%

Loan Term
3 - 5 years

Loan Type
Guarantor Loan

Status
Homeowners & Tenants

Rated 4.8/ 5

Poor Credit

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

29.9%

Total repaid will be:

£50,805

Trusted, simple guarantor loans from £3,000 to £15,000 between 24.9% & 39.9% APR. With the help of a friend or relative to guarantee your loan UK Credit could get you the cash you need.

Representative Example

5 providers expertly compared:

Guarantor My Loan

Loan Amount
£1,000 - £10,000

Annual Percentage Rate (APR)
48.9%

Loan Term
1 - 5 years

Loan Type

Status
Homeowners & Tenants

Rated 4.8/ 5

All credit types

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

5 providers expertly compared:

Everyday Loans

Loan Amount
£1,000 - £15,000

Annual Percentage Rate (APR)
93.6%

Loan Term
2 - 5 years

Loan Type
Unsecured Personal Loan

Status
Homeowners & Tenants

Rated 4.3/ 5

Poor Credit

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.

Representative Example

Read our customer and visitor reviews for this product:

Rating: 4.5 / 5 with 2 votes

Good comparison

by Mandy Thomson

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.

 

Key Features 

  • Borrow £500 to £20,000
  • Repay over 1 to 6 years
  • All credit histories considered
  • CCJs, IVAs and bankruptcy considered
  • Online application
  • Instant decision available
  • Same day funding (or same week)
  • No guarantor options available

 

Why Use Lending Expert for Bad Credit Loans? 

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.

 

What is the Eligibility Criteria?

  • Over 18 years of age
  • UK resident
  • Employed and can afford monthly repayments
  • Valid UK bank account, mobile and email address
  • Guarantor required (for guarantor loans)
  • Security required such as car or home (for secured loans)

 

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.

Related Links

Unsecured Loans

Apply for unsecured loans with repayment terms from 1 - 25 years. Solutions for all credit types from our panel of direct lenders and brokers.

Secured Loans

Compare secured loan with our approved secured loan brokers at Lending Expert. Get expert advice and a quick quote online.

Guarantor Loans

Apply and get the loan you need with the help of a guarantor. Compare the cheapest guarantor lenders on Lending Expert.

Business Loans

Get the business you need from our finance brokers and direct lenders online. Check your eligibility with Lending Expert.

Payday Loans

Compare from our direct lenders and brokers. Apply online today.

Homeowner Loans

Loans for UK homeowners. Get expert advice from Lending Experts' brokers.

Car Finance

Get finance deals from our expert panel of brokers and direct lenders.

Bridging Loans

Apply online and get short term bridging finance with our expert loan brokers.

Bad Credit Loans

If you have credit issues then we can still help. Lending Expert will check your eligibility and you can apply direct online today.

Logbook Loans

Compare and apply with UK logbook lenders online here at Lending Expert.

Debt Consolidation Loans

Consolidate debts with an unsecured debt consolidation loan from Lending Expert.

No Guarantor Loans

Get a bad credit loan with no guarantor required today. Check your eligibility and apply online today with Lending Expert.