Adverse Credit Tenant Loans

Compare Adverse Credit Tenant Loans

Featured Loan Deal - Adverse Credit History
ProviderLoan AmountCredit HistoryRates FromTerm 
£1,000 to £20,000All Credit Histories Considered49.7%

APR
Representative

1 to 4 YearsGet Quotes >
Rebuild Your Credit. Interest rates start from 9.3% APR. Instant Online Decision using 'soft' credit searches. Representative Example: If you borrow £3,000 over 3 years at a rate of 41.0% per annum (fixed) you will repay £146.09 per month & £5,259.11 in total.
£1,000 to £20,000All Credit Histories Considered99.90%

APR
Representative

1 to 2 YearsGet Quotes >
Interest Rates from 35.9% - 99.9%, depending on the information you provide in your application. Fixed monthly repayments. Instant Online Decision. Representative Example: The Representative APR is 99.9% - Based on an assumed loan amount of £1,500 over 24 months at an interest rate of 71.3% p.a. (fixed) you would pay £118.88 a month and £2,853.12 in total.
Adverse Credit History Loans - Up to £20,000
LenderMin - Max LoanCredit HistoryRepresentative APRTermApply
£1,000 - £20,000Poor Credit48.50%1 to 5 YearsGet Quotes >
  • Interest Rates from 19% - 99% 
  • Rebuild Your Credit
  • Instant Online Decision
  • Must be aged 18
  • Must be UK resident

Representative Example: The Representative APR is 48.50% - Based on an assumed loan amount of £3,000 over 12 months at an interest rate of 48.50% p.a. (fixed) you would pay £670.83 a month and £3,670.83 in total.

£1,000 - £10,000Bad Credit Considered79.40%1 to 5 YearsGet Quotes >
  • Fixed Interest Loan Rate
  • No set up charges
  • Instant Online Decision
  • Must be aged 18 to 65
  • Early redemption charges
  • Must have monthly income of over £700
  • Must be UK resident

Representative Example: APR is 79.4% (variable) so if you borrow £3,000 over 2 years at a rate of 59.9% p.a. (variable) you will repay £217.24 per month & total amount payable £5,213.68.

£1,000 - £3,000 (Tenant Guarantor Loan)Good to Poor69.9%1 to 3 YearsGet Quotes >
  • Same day decision
  • No set up fees or charges
  • Any bad credit considered
  • Need a Tenant to act as guarantor
  • Must be aged between 18 and 65

£2,000 over 3 years, representative 69.9% APR fixed. Monthly payment £113.47. Annual interest rate 45.84% fixed. Interest payable £1,884.92. Broker fee payable £200.00. Total repayable £4,084.92.


UK Credit is a specialist no fee guarantor loan provider. All bad credit considered. Please only apply if you have a TENANT AS YOUR GUARANTOR. This type of loan is good for consolidating more expensive credit.

£1,000 - £5,000Poor Credit99.9%1 to 2 YearsGet Quotes >
  • Interest Rates from 35.9% - 99.9%, depending on the information you provide in your application  
  • Fixed monthly repayments
  • Instant Online Decision
  • Must be aged 18
  • Must be UK resident

Representative Example: The Representative APR is 99.9% - Based on an assumed loan amount of £1,500 over 24 months at an interest rate of 71.3% p.a. (fixed) you would pay £118.88 a month and £2,853.12 in total.

Adverse Credit Tenant Loans

Adverse credit tenant loans might be all that are available to you if you have an imperfect credit history and do not own your home.

You might have a damaged credit record as a result of going into arrears on previous debt, having CCJs (county court judgements), or late payments of bills. Get a FREE credit report to check your status before you apply for credit to avoid damaging it further if you get rejected.

Adverse credit tenant loans are invariably more expensive than if you had good credit, because lenders will do a credit check and asses that you are not such a trustworthy borrower as someone with a spotless credit report. They are also more expensive than adverse credit homeowner loans, because you are offering no surety to the lender. But, if you manage the loan effectively by keeping up with repayments and proving that you are able to avoid going into arrears, then this will improve your credit score and you can apply for more competitive deals in the future if the need arises.

Advantages of adverse credit tenant loans include:

  • Gives you access to credit
  • Helps you rebuild your credit score
  • Competitive deals available
  • You do not have to risk your home

Disadvantages of adverse credit tenant loans include:

  • Higher interest rates
  • Size of the loan is limited
  • Potentially damaging to your credit if you miss payments

Taking out a loan is a big responsibility. At least as an unsecured borrower you will not be putting your home at risk if you miss payments, but you do risk damaging your credit score even further, or being taken to court if you do not keep up with the repayments.

Before taking out an adverse credit tenant loan you should:

  • Consider whether you really need it
  • Ensure you can afford the repayments
  • Find the best interest rates

To find the best adverse credit tenant loans available to you, specific to your circumstances, click on the link below and fill in your details to get independent advice and compare bad credit loans from leading UK lenders and specialist providers of adverse credit tenant loans.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.