Get the loan you need in your account by 08:00
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
If you find yourself in urgent need of a fast loan, it can seem impossible to make an arrangement quickly and easily. It may seem that you’re out of luck, especially if you need a loan that same day. To make things even worse, you might have a poor credit rating, which compounds the problem as you think you won’t be able to find a lender who’ll be willing to borrow to you. Fortunately, there are options no matter your financial situation.
The process of getting a quote from us is very simple, with no effect on your credit rating, and can be completed in just a few minutes. Not only does NowLoan offer instant quotes for short-term loans, but we also work with many lenders who are willing to borrow to those who have a poor credit rating. Oftentimes, the lenders will respond to your application within the same day, so if you’re in the UK and need a same day, bad credit loan, we could help.
Above, you’ll see a slider where you can enter the amount you’re looking for. You then indicate over how long a period you’d like the loan to be spread, then press the “Get Loan Now” button. Then, you’ll just have to select the purpose of the loan. You’ll then provide us with the details required for us to be able to match you with the right lender. You’ll then be presented with a list of lenders most likely to lend to you from our panel of several lenders.
We understand that, sometimes, finances can be hard to manage, leading to otherwise responsible people developing a poor credit score.
We offer two options for bad credit loans. These are secured and unsecured.
A secured loan is backed by some kind of collateral which will be taken if you fail to repay the loan. The advantage here is that these loans have lower interest rates than the second option, which are unsecured loans.
Unsecured loans do not require you to put up any collateral but have a higher interest rate. Another secured option a lender might have you consider is a guarantor loan, where someone else agrees to pay the loan for you if you’re unable to.