Loan Blogs
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Bad Credit Loans
A poor credit history will make it more difficult to get a loan, but not impossible.
| Product Name |
Representative APR (Variable) |
Early Repayment Penalty | Min Loan | Max Loan |
|---|---|---|---|---|
-
Sainsbury's Finance Medium
-
6.1%
-
1 mth
-
£7,500
-
£15,000
- Get a decision in minutes
- Loan term 1 - 5 years
- Receive your cheque in 24 hours
- Must be over 18 to apply
- You will need your Nectar number
Representative Example: APR Representative 6.1% fixed; Rate of interest 6.1% fixed; Total amount of credit £10,000; Duration of Agreement 62 months (includes 2 months payment holiday); Monthly repayment £196.37; Total amount payable £11,782.20
-
HSBC
-
6.2%
-
1 mth
-
£7,000
-
£15,000
- Instant credit decision
- Loan term 1 - 5 years
- Money transferred immediately if your application is agreed online
- Only available to existing HSBC current account customers
Representative Example: APR Representative 6.2% fixed; Rate of Interest 6.2% fixed; Total amount of credit £10,000; Duration of Agreement 5 years; Monthly repayment £193.47; Total amount repayable £11,608.19
-
Nationwide
-
6.4%
-
No
-
£7,500
-
£14,999
- Instant online decision
- Loan term 1 - 5 years
- Quotes tailored to individual circumstances and amount you borrow
- Available if you are a main FlexAccount customer
Representative Example: APR Representative 6.4% fixed; Rate of Interest 6.3% fixed; Total amount of credit £10,000; Duration of Agreement 50 Months; Monthly repayment £231.62; Total amount payable £11,349.38
-
Santander
-
6.3%
-
1 mth
-
£7,500
-
£14,950
- Most decisions within 24hrs
- Loan term 1 - 5 years
- Available to both new and existing customers
- Must be over 21 to apply
Representative Example: APR Representative 6.3% fixed; Rate of Interest 6.3% fixed; Total amount of credit £10,000; Duration of Agreement 5 years; Monthly repayment £193.91; Total amount repayable £11,634.60
-
Alliance & Leicester
-
6.3%
-
1 mth
-
£7,500
-
£20,000
- Get a decision in 24 hours
- Loan term 1 - 5 years
- Available to both new and existing customers
- Must be over 21 to apply
Representative Example: APR Representative 6.3% fixed; Rate of Interest 6.3% fixed; Total amount of credit £10,000; Duration of Agreement 5 years; Monthly repayment £196.12; Total amount repayable £11,767.20
-
NatWest
-
8.9%
-
2 mth
-
£1,000
-
£25,000
- Online application - takes minutes to complete
- Loan term 1 - 5 years
- Money could be in your account the next working day (online banking customers only)
- Only available to existing NatWest current account customers
Representative Example: APR Representative 8.9% fixed; Rate of Interest 8.9% fixed; Total amount of credit £10,000; Duration of Agreement 5 years; Monthly repayment £205.40; Total amount repayable £12,324.00
-
RBS
-
8.9%
-
2 mth
-
£1,000
-
£25,000
- Online application - takes minutes to complete
- Loan term 1 - 10 years
- Money could be in your account the next working day (online banking customers only)
- Only available to existing RBS current account customers
You should prepare yourself for the fact that you will have to pay a higher interest rate and you may not be able to have as large a loan as you might like, but there are specialist and ordinary lenders who are prepared to make bad credit loans at reasonable cost.
Decide whether you want a secured or an unsecured loan – the latter is more difficult to get but the only route if you are not a homeowner – and factor in the cost of payment protection insurance. Whatever type of loan you choose, watch out for hidden charges or penalties and read the entire document before you sign.
Product Offers
Please ensure that you fully read the terms & conditions of any product or policy before you decide to proceed and are fully aware of the total costs and the benefits and any exclusions or limitations applicable to the product or plan.
Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.
Please ensure that you fully read the terms & conditions of any product or policy before you decide to proceed and are fully aware of the total costs and the benefits and any exclusions or limitations applicable to the product or plan.
Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.