Personal Loans for People with Bad Credit

Get the loan you need in your account by 10:08

Free, no obligation quote
Won’t affect your credit rating 
Same day payouts

Rates from 3% APR. Representative 49.9%

Representative example: If you borrow £3,250 over 36 months at a Representative rate of 49.9% APR and an annual interest rate of 41.16% (fixed), you would pay 36 instalments of £158.57. The total charge of credit will be £2,464.57 and the total amount payable will be £5,714.67

Personal Loans Bad Credit

What is a Personal Loan?

A loan in financial parlance refers to the money that’s borrowed from individual(s) or organisations, which the borrower is liable to return with some interest. A personal loan is a type of unsecured loan, which means that you don’t have to offer any collateral against it. You can get a personal loan from an individual, an online lending agency, a bank or even your office.

Can I Get a Personal Loan if I Have a Bad Credit?

A poor credit history will usually be the result of missed payments on loans or other forms of credit you’ve had in the past.

Although it may be difficult and even more expensive, having bad credit doesn’t mean that you can’t take a personal loan. There are a few lenders on our panel who offer loans to people with low credit scores. Some of these are generally termed as ‘Bad Credit Personal Loans’.

How to Check My Eligibility for a Personal Loan in the UK?

It is always better to check your eligibility before applying for a loan. It saves a lot of your time and effort. There are a few basic criteria to get a personal loan in UK; these are :-

  • You must be 18 years or more.
  • You need to be a UK resident.
  • Have some form of income
  • Have an account where funds can be paid

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