Bad Credit Loan

Compare Personal Loans

Finding a loan if you have a poor credit history for your personal circumstances couldn’t be simpler.

We have partnered with Monevo who have created award winning technology to provide you with pre-approved* offers that are available to you in an easy to understand comparison.

By checking your eligibility you can simply choose the offer you want and complete your loan with your chosen lender

Personalised loan quotes in 2 minutes!

No impact on your credit score    FREE & no obligation    Quick online decision

Check your eligibility now »

Alternatively if you prefer contacting lenders  directly see a selection of deals below.

Compare Top UK Loan Quotes

Selected Personal Loan Deals

Loan Type
Fluent Personal Loan
14.9% APR
Representative (£1,500-£25,000)
Loan Term
1 to 5 Years

£1,000 to £35,000
All credit profiles!

Call FREE on 0800 084 8039

Representative Example: The Representative APR is 14.9% (variable).The Representative APR is If you borrow £90,000 over 4 years at a representative 14.9% APR and an annual interest rate of 14.9% (fixed) you would pay £245.80 per month. Total charge for credit will be £2,798.51. Total amount repayable is £11,789.51.

Loan Type
Everyday Loans Personal Loan
93.6% APR
Representative (£1,000-£20,000)
Loan Term
2 to 5 Years

£1,000 to £15,000
Poor credit history

Instant Online Decision

Representative Example:The Representative APR is 93.6%. Based on a loan amount of £3,000 over 24 months at an interest rate of 67.9% p.a. (fixed). Monthly repayment of £231.78. Total amount repayable £5,562.75.

Bad Credit Loan

Features of a bad credit loan include:

  • You can use it to rebuild your credit history
  • Available to homeowners and tenants (secured or unsecured)
  • They often have higher interest rates than standard loan deals

While a bad credit loan will usually mean a higher interest rate, if you keep up with your repayments then you can use the loan to prove that your creditworthiness has improved, helping to repair your credit history, and then gaining access to more competitive deals in the future.

Bad credit loans are for people who have had:

  • Arrears
  • Late or missed payments and bills
  • CCJs (county court judgements)

An estimated 1 in 5 people in the UK have bad credit, so you’re not alone. This has brought about an increase in bad credit loan companies and has encouraged lenders to offer a wider range of competitive deals on bad credit secured loans and bad credit unsecured loans.

It is generally easier to get a lower rate if you are a homeowner, because you can then get a secured loan.

However, in exchange for a lower rate, you have to offer your home as surety to the lender which means that your home may be repossessed if you fail to keep up with repayments. This is why, for a higher rate, most people opt for unsecured loans if their credit allows, because they do not have to put their homes at risk.

Unsecured loans tend to have fixed rates, where as secured loans are often variable, which means payments could go up during the term and it might cost you more and take longer to repay it than you originally thought – another reason why they are not as popular as unsecured loans.

However, if you are applying for a bad credit loan, you may not have a choice. Lenders will see you as a risky borrower, and may require that you own your home as a guarantee so that they can recoup their losses if you default on the loan. But, if you can keep up with repayments, a homeowner loan could well be the best option, because you can:

  • Borrow more
  • Pay the loan back over a longer period
  • Get lower rates

Find the best bad credit loan for you:

Bad credit loans secured against a home are becoming more and more common, so there are a number of deals available on adverse credit homeowner loans available; finding a good deal on an adverse credit loan will depend on:

  • How much you want to borrow
  • Over what time period
  • If you need a homeowner loan or not

These things will all affect how much interest you pay. It is important not to rush into signing up for a loan without first knowing the terms and conditions and making sure that you can afford to repay it, and thus avoiding doing further damage to your credit rating.

You could consider remortgage as an option if you are a homeowner as this will be cheaper than a loan.

Comparing loans is the best way to find a good deal – this means checking the interest rate that you would be charged, as well as any other terms and conditions which apply, so that you find the best loan for your circumstances.

Loan Service:

We work with award winning loan technology provider Monevo who help consumers find personal loans in the UK, USA and Australia.

With over £1 billion of loans funded, helping 250,000 people per month source personal loans, Monevo can help you find a loan from over 20+ providers.

Complete the loan platform form and in as little as 60 seconds and hit the get results button and let award winning technology search a panel of lenders and present you with the pre-approved* offers that are available to you in an easy to understand comparison. You then simply choose the loan offer you want and complete your loan on the lenders website. With some lenders funds can be with you the same day.

Using clever technology  eligibility checks involve a soft pull of your credit so there is no impact on your score.

Benefits of using this service include:
  • Search 20+ UK lenders using one form
  • No impact on your credit score*
  • FREE & no obligation to proceed
  • Quick online decision
  • Same day funding from many lenders

Check eligibility >>

Homeowner Loan Representative Example:

The Representative APRC is 5.9%Based on an assumed loan amount of £48,000 (including broker fee of £2,505 & product fee of £495) over 240 months at an interest rate of 5% (varaible). Monthly repayment £316.78 & total repayable £76,027.20.