Specialist UK Lenders for Bad Credit

Bopay

Line of Credit

Borrow: revolving line of credit

Repay over: revolving line of credit 

Representative 29.9% APR (variable)

Representative example: The APR and credit limit offered are based on Bopay’s assessment of your creditworthiness and affordability. Representative 29.9% APR (variable).

Cash Float

Instalment Loans

Borrow: £300 to £2,500

Repay over: 3 to 6 months

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4.5/5 from 176 reviews on Trustpilot

Representative 611.74% APR

Representative example: Borrow £700 for 6 months. 1st monthly repayment of £168.45, 4 monthly repayments of £224.60, last monthly repayment of £112.20. Total repayment £1,179.05. Interest rate p.a. (fixed) 185.39%.

Credit Spring

Credit Builder

Borrow: £300 to £1,000

Repay over: 6 months

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4.7/5 from 2,325 reviews on Trustpilot

Representative 43.1% APR

Representative example: Total amount of credit of £1,000 over 12 months. The first payment for each advance is £83.35 followed by 5 monthly repayments of £83.33. 12 monthly membership payments of £10. Rate of interest 0% p.a. (fixed). Total amount payable £1,120.

Drafty

Line of Credit

Borrow: £50 to £3,000

Repay over: revolving line of credit

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4.3/5 from 9,974 reviews on Trustpilot

Representative 89.7% APR

Representative example: If you draw £100 against your line of credit at 89.7% APR and were to pay only the minimum due, it would be paid off in 3 months for a total of £109. There are no additional fees. Annual Interest Rate: 65.7% (0.18% per day).

Fernovo

Instalment Loans

Borrow: £200 to £1,000

Repay over: 2 to 6 months

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4.6/5 from 2,374 reviews on Trustpilot

Representative 1244.0% APR

Representative Example: Total amount of credit: £300. Duration of the agreement: 90 days. Interest: £150.57. Instalment one: £150.19. Instalment two: £150.19. Instalment three: £150.19. Total amount payable = £450.57.

Guarantor My Loan

Guarantor Loans

Borrow: £2,000 to £10,000

Repay over: 12 to 60 months

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4.9/5 from 557 reviews on Trustpilot

Representative 48.9% APR

Representative Example: £4,000 over 36 months. Monthly payment £193.56. The interest is 17% per annum fixed and service fee is 23.48% per annum fixed. Interest payable £1,246.63 and service fee payable £1,721.53. Total repayable £6,968.16.

Loans 2 Go

Short Term Loans

Borrow: £250 to £2,000

Repay over: 18 to 24 months

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4.5/5 from 4,142 reviews on feefo

Representative 770% APR

Representative Example: if you borrow £550 over 18 months at a flat rate of 180% per annum (fixed) with a representative 770% APR you will make 18 monthly payments of £113.06, repaying £2,035.08 in total.

Lending Stream

Instalment Loans

Borrow: £50 to £1,500

Repay over: 3 to 6 months

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4.6/5 from 16,953 reviews on Trustpilot

Representative 1,333% APR

Representative example: If you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.

Money Boat

Instalment Loans

Borrow: £200 to £1,500

Repay over: 2 to 6 months

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4.8/5 from 6,971 reviews on Trustpilot

Representative 939.5% APR

Representative example: Borrow £400 for 4 months, four monthly repayments of £149.37. Total repayment £597.48, interest rate p.a. (fixed) 255.5%.

Monixa

Instalment Loans

Borrow: £200 to £1,500

Repay over: up to 6 months 

Representative 1230% APR

Representative example: Given a Representative APR of 1230%, if you borrow £300 over 6 months at 292% p.a. (fixed), you would owe 6 equal repayments of £99.71. You will repay £598.25 in total.

Mr Lender

Instalment Loans

Borrow: £200 to £1,000

Repay over: 3 to 6 months

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4.8/5 from 9,309 reviews on Trustpilot

Representative 1,256.4% APR

Representative example: Borrow £300 for 6 months, repay with 6 payments. Payment 1: £122.00. Payment 2: £110.00. Payment 3: £98.00. Payment 4: £86.00. Payment 5: £74.00. Payment 5: £62.00. Rate of interest 0.8% per day on outstanding capital. Total repayable £552 (based on 30-day periods). Interest rate 292% per annum (fixed).

My Finance Club

Payday Loans

Borrow: £100 to £400

Repay over: 7 to 38 days

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4.6.5 from 300 reviews on Trustpilot

Representative 1,299% APR

Representative example: Loan amount £100 repayable over 30 days. Total amount repayable £124 by one installment of £124. Interest 0.8% per day, 292.00% p.a. fixed.

Quid Market

Short Term Loans

Borrow: £300 to £1,500

Repay over: 3 to 6 months

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4.9/5 from 12,339 reviews on Trustpilot

Representative 1301.6% APR

Representative example: Borrow £500 for 5 months at a fixed annual interest rate of 292%. Total amount repayable £860.30, in 5 payments of £172.06. Representative 1301.6% APR.

Salad Money

Short Term Loans

Borrow: £500 to £1,000

Repay over: 12 to 18 months

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4.9/5 from 2,465 reviews on Trustpilot

Representative 69.9% APR

Representative example: Loan repayable over 18 Months: £1000.00. 17 Months at £83.36. Final payment: £77.06. Rate of interest: 54.19%. Total amount repayable: £1494.18.

Savvy

Instalment Loans

Borrow: £300 to £1,200

Repay over: 6 to 12 months

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4.8/5 from 267 reviews on feefo

Representative 1291.1% APR

Representative example: Borrow £400 – 6 monthly repayments of £133.33. Total cost of credit £399.98 which is £399.98 interest at 291.50% pa fixed. Total amount repayable £799.98.

The Money Platform

Short Term Loans

Borrow: £250 to £1,000

Repay over: 1 to 3 months

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4.8/5 from 286 reviews on Trustpilot

Representative XXX% APR

Representative example: [TO CONFIRM WITH THE MONEY PLATFORM — their own site does not publish a representative example for the 1–3 month product. Do not use the 79.5% broker figure.]

One Stop Money Shop

Instalment Loans

Borrow: £400 to £2,500

Repay over: 6 to 24 months

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4.4/5 from 60 reviews on Trustpilot

Representative 295.60% APR

Representative example: £500 loan repayable over 12 months £81.25 per month total amount payable £975.00. Representative 295.60% APR fixed.

Tick Tock Loans

Instalment Loans

Borrow: £300 to £1,000

Repay over: 3 to 6 months

No Reviews

Representative 1297.93% APR

Representative example: Borrow £300 and pay £151.44 per month for 3 months at a fixed interest rate of 0.8% per day (292% per year). The total charge for credit is £154.32 (all interest). The Total Repayable is £454.32.