Bad Credit Unsecured Loans
We have an approved panel of unsecured and guarantor lenders who can offer loans to people who have a history of bad or adverse credit. If you have a low credit score, had difficulties or been refused a loan in the past our approved lenders can help.
This calculator will give you an idea of costs. The exact amount and APR payable will be provided from the lender subject to credit and affordability checks.
Your monthly payment will be:
£136.90
Interest on this loan will be:
£714
Annual Percentage Rate (APR):
3.7%
Total repaid will be:
£8,214
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All credit types
Rated 4.9/ 5
Norton Finance 
Why?
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
£500 - £35,000
Representative APR
3.1%
Loan Term
2 - 5 years
Loan Type
Personal Loan Broker
Lender Website URL
http://www.trusted.lendingexpert.co.uk/norton
Status
Homeowners & Tenants
Norton Finance are a personal loans broker who search their panel of lenders to find you the best deal possible. They will find you the cheapest loan that matches your credit rating and circumstances. Their service is free of charge and will not effect your credit rating.
Representative Example
Representative example: If you borrow £12,000 over 4 years at an interest rate of 16.9% APR (fixed) you would pay £338.36 per month. The total charge for credit would be £4,241.28. The total amount repayable would be £16,241.28
Available via broker only
All credit types
Rated 4.4/ 5
1st Stop Personal Loans
Loan Amount
£2,000 - £15,000
Representative APR
18.2%
Loan Term
2 - 6 years
Loan Type
Poor Credit Lender
Lender Website URL
Status
Homeowners & Tenants
1st Stop 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
Representative Example Loan Amount: £5000 Monthly Repayment: £125.17 Term of Loan (months): 60 Total Interest Repayable: £2135.20 Total Amount Repayable: £7510.20 Rate of Interest (fixed) P.A: 8% Arrangement Fee: £375 Representative: 18.2% APR
Available via broker only
All credit types
Rated 4.6/ 5
Evolution Money
Loan Amount
£1,000 - £15,000
Representative APR
26.82%
Loan Term
1 - 5 years
Loan Type
Personal Loan
Lender Website URL
Status
Homeowners Only
Evolution Money provide loans to homeowners who are looking to borrow a maximum of £15,000 over 1 - 5 years. Loans can be used for any legal purpose such as home improvements, debt consolidation, a wedding or to buy a new car.
Representative Example
Typical Example: Loan Amount: £15,000.00, Loan Term: 180 Months, Interest Rate: 26.82% PA (variable), Monthly Repayments: £354.00, Total Amount Repayable: £63,720. This example includes an Product fee of £1,500.00 (10% of the loan amount) and a Lending fee of £699.00.
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Poor Credit
Rated 5/ 5
Avant Credit
Why?
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 - £20,000
Representative APR
42.5%
Loan Term
1 - 5 years
Loan Type
Poor Credit Lender
Lender Website URL
http://www.trusted.lendingexpert.co.uk/avantcredit
Status
Homeowners & Tenants
AvantCredit offers online unsecured personal loans of £1000 to £20,000 from 12 - 60 months with fixed monthly payments. AvantCredit understands that people have a less than perfect credit history and a guarantor is not required and you don't need to be a homeowner.
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All credit types
Rated 5/ 5
CarFinance247
Why?
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 - £250,000
Representative APR
6.9%
Loan Term
1 - 7 years
Loan Type
Car Finance Broker
Lender Website URL
http://lendingexpert.rurl.me/carfinance247
Status
Homeowners & Tenants
We make the whole process hassle-free & provide the customers with a helping hand throughout. Our aim is to get the best possible finance deal for our customers, whilst providing an efficient service of the highest quality.
Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83. Rates may differ as they are dependent on individual circumstances. Subject to status.
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Poor Credit
Rated 5/ 5
Uk Credit
Why?
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 - £10,000
Representative APR
39.9%
Loan Term
1 - 5 years
Loan Type
Guarantor Loan
Lender Website URL
http://lendingexpert.rurl.me/ukcredit
Status
Homeowners & Tenants
Trusted, simple guarantor loans from £1,000 to £10,000. With the help of a friend or relative to guarantee your loan UK Credit could get you the cash you need.
Representative Example
£4,500 over 3 years, representative 39.9% APR fixed. Monthly payment £201.15. Annual interest rate 34.05% fixed. Interest payable £2,741.40. Total repayable £7,241.40.
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All credit types
Rated 5/ 5
Trust Two
Why?
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
£500 - £10,000
Representative APR
43.8%%
Loan Term
1 - 5 years
Loan Type
Guarantor Loan
Lender Website URL
http://www.trusted.lendingexpert.co.uk/trusttwo
Status
Homeowners & Tenants
With Trust Two you could borrow up to £10,000, in your own name, by asking a relative or friend to guarantee that you'll repay it. Apply online and, once you and your Guarantor are approved, on average you'll have the money within 3 days.
Representative Example
Borrowing £4,000 over 3 years at an interest rate of 36.9%p.a. (fixed), you will repay 36 monthly payments of £185.27. Interest payable £2,669.72. Total repayable £6,669.72. Representative 43.8% APR.
Available via broker only
All credit types
Rated 4.6/ 5
Likely Loans
Loan Amount
£1,000 - £5,000
Representative APR
59.9%%
Loan Term
1 - 5 years
Loan Type
Poor Credit Lender
Lender Website URL
Status
Homeowners & Tenants
Likely Loans helps customers get the loan they require even if they have bad credit or a low credit score. Loans can be arranged quickly from £500 - £5000 over 1-5 years. There are no fees or extra charges for early repayment.
Representative Example
Borrowing £2,000 over 24 months at Representative 59.9% APR and Interest rate 59.9% p.a. (fixed) with monthly repayments of £131.05 and a total amount payable of £3,145.20. This example is for illustration purposes only.
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Poor Credit
Rated 4/ 5
Everyday Loans
Why?
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 - £15,000
Representative APR
93.6%
Loan Term
2 - 5 years
Loan Type
Poor Credit Lender
Lender Website URL
http://www.trusted.lendingexpert.co.uk/everyday_Loans
Status
Homeowners & Tenants
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
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.
I have a bad credit, do I need a credit check to get a loan?
Yes. However, any history of adverse or bad credit will be taken into consideration by the lender. The lenders on our panel are used to dealing with customers will a low credit score.
I have settled CCJ's can I still get a loan?
Yes. The lenders on our panel accept past and settled CCJ's on credit file.
I am a discharged bankrupt, will this effect my loan?
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.
I have missed loan payments in the past, how will this effect my chances of getting a loan?
Missed loan payments will limit the amount of lenders who will be willing to accept your loan application. However, the lenders on our adverse credit panel will still consider your application.
Do I need to show proof of income to get a loan?
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.
How much will I be able to borrow?
Most unsecured loans have a maximum lending limit of £25,000. If you are looking for a larger loan then you may wish to consider a secured loan or homeowner loan as they are also know as. A secured loan will require security such as your home in order to take out the loan.
Will taking out a loan help build my credit rating.
If you make your loan repayments on time each and every month then yes this will positively effect your credit rating and increase your credit score.
Can I get a loan while self employed?
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.
Can I get a loan from a direct lender?
Yes. Our adverse credit panel consists of both direct lenders and brokers. If you are unsure of who may be the most suitable direct lender, then we recommend you use the services of a broker who will be able to assess your application and place your application successfully with a lender.
I have defaulted on some past loan payments can I still get a loan?
Yes. There are a number of lenders who will consider your application if you have missed previous loan payments or even have CCJ's on your credit file.
