Borrow £100 to £25,000*


  • Bad Credit Accepted
  • Fast Payout
  • No Fees
  • Secure Application

Short Term Loans

£100 – £1,000

N Online decision
N Responsible lenders
N Rates from 278% to 1576% APR*
N 3-12 month repayment

Personal Loans

£1,000 – £25,000

N Whole of Market panel
N Trusted panel of lenders
N Rates from 5.7% to 278% APR*
N 3-36 month repayment

Representative example: £500 borrowed for 5 months. Total amount repayable is £991.85 in 5 monthly instalments of £198.37. Interest charged is £491.85, interest rate 238.1% pa (variable). Representative 481.6% APR.

ccta and fca registered lender

Finding Cheap Loans for Bad Credit Online

Key Features

  • Finding the cheapest loans online is vital to keep your overall repayments down.
  • It’s particularly important if you have bad credit, where the interest rates may be higher than normal.
  • Comparing UK direct lenders that specialise in poor credit lending can be done online in minutes.

A guarantor on your loan can come in handy if your credit is poor it is a cheap alternative to a payday loan. The guarantor is usually going to be someone who has good credit and steady income, who would be more qualified for the loan than you would. That person may be a friend or family member, and their responsibility is to pay off the loan if you are no longer able to. Their credit and income are used to determine eligibility for the loan and not yours.

You may not want to use a guarantor for your loan, but it can be an instant option and you may instead be looking for very bad credit loans with no guarantor involvement. That’s perfectly understandable, and there are loans like that available.

Borrow anything from £100 to £25,000 today.
Quick online application takes minutes.

Why Not Use a Guarantor – What’s A Cheap Option?

You may not want to bring in a guarantor on your loan for a number of reasons. It may be uncomfortable to ask someone you know to take over the loan for you should you fail to make the necessary payments. That’s a big responsibility to put on anyone, especially if they are having some financial difficulties themselves.

You also may not want to reveal to a friend or family member that you are in financial trouble yourself, enough so that you need to take out a loan this may help you get a better rate and make it the cheapest possible option. That can be a sensitive topic and not one you want to bring up to anyone you know.
So, it’s completely understandable if you want to leave out the guarantor entirely and look for very bad credit loans with no guarantor needed.

Bad Credit Loan Availability – Cheap Isn’t Always The Best.

There are a surprising number of loans available for people who have no credit or bad credit. That’s true even if you filter out the loans that require a guarantor. Usually a guarantor would be necessary if your credit is so poor that you don’t qualify for a loan or if your income just doesn’t meet the lender’s minimum income requirements. The guarantor can be used as a substitute for your poor credit.

However, there are lots of lenders that advertise themselves as bad credit lenders. They offer loans to people with poor credit or no credit- the kind of people that banks would quickly turn down.

There are lots of these, and they offer bad credit loans and no guarantor involvement needed, and you can find them listed as direct lenders, bad credit lenders, payday lenders and more. They won’t, in all likelihood, even check your credit score to determine if you are eligible for one of their loans. They rely more on your income and current financial state than any past credit history to determine if you are suitable for one of their loans.

Does that sound like the kind of loan that you could qualify for? If you think you have enough money coming in to pay for monthly payments on a small loan, but you still need a loan quickly, then this can be a great opportunity for you. You should start looking at direct lenders and wee what they have to offer you. You might be surprised at how simple it is to get the money you need through them.

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Compare cheap bad credit lenders online

More Cheap Loan FAQs

Can cheap loans be obtained with no credit checks?

Yes! These days, there are many lenders who will be willing to assist by providing loans without performing any type of credit checks beforehand. This is extremely handy if you have a poor credit history or have not been able to build a credit history yet.

How do online loans work?

The process of obtaining a payday loan online is easier than you think. All you have to do is fill in a basic application form and provide information regarding your current income and expenses. Once you’ve submitted the completed form, you can view the various options available to you and can contact one or more lenders that will be willing to assist you with the funds you need.

How much can I borrow?

When completing the application form, you will be asked to provide information about your income and regular expenses that you pay out. An online process known as auto decisioning will calculate how much money you have left after covering existing expenses and calculate a safe amount for you to borrow from there.

Will I be obligated to accept a quote?

Not at all! If you aren’t happy with any quote you receive for any reason, you will not be obligated to accept it. However, if you choose to apply for a loan at a later stage, you may be required to fill in the application form again.

How quickly will I get my cash?

After you’ve completed the online application form, submitted it and obtained approval, the could be deposited into your account within a matter of 15 minutes. This means that you can have access to the cash in a hurry when you need it most.