Loans for bad credit

Need a loan but worried that you have bad credit?

If you have a poor or bad credit history and are experiencing a financial emergency, you may think that bad credit loans are not available. The good news, however, is that there are loan solutions that may be suitable for you.

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Bad credit loans

There may be times when you need cash, and fast, due to a financial emergency through no fault of your own. Even with the most careful of budgeting, sometimes the unexpected happens. For example, you have a new baby and piles of washing to do, but your washing machine has broken down. Or, some tiles have come off your roof, and you need to replace them as soon as possible to avoid any damage to your home.

But are you are worried you'll be declined a loan as you have poor credit? Then you may want to consider bad credit loans.

Are bad credit online loans really available?

Yes, they are! If you need a quick loan, but your credit history is less than perfect, there are bad credit loans online that may be appropriate for you.

Bad credit loans are similar to other types of short-term lending, in that if your loan for bad credit is approved, you’ll have access to cash — and fast. In some cases, you can even get the money within just 15 minutes of being approved.

To see how Instant Lolly can help you get a fast loan, check here.

Types of loans for bad credit

No guarantor loans

To understand what no guarantor loans are, you need to understand the role of a guarantor. In some cases, such as if you require a poor credit loan, then a lender may request that a family member or friend guarantees to honour the debt if you default on your repayments. Not all bad credit loans will require you to have a guarantor — hence the term no guarantor loans.

Guarantor loans

If you require a bad credit loan, some lenders may only accept your application if you have a guarantor (someone who will guarantee to repay the money if you fail to keep up with your repayments). These loans are known as guarantor loans, and a guarantor can be a family member or friend. A lender may ask that they are a homeowner, but if they are not, it may not be a problem.

No credit check loans

You may have heard of no credit check loans and think this is a solution for you because a prospective lender won't see that you have a poor credit history. You should note that these loans do not exist, and any lender who says they offer no credit check loans should be avoided. This is because all responsible lenders agree to adhere to strict lending regulations laid out by the regulatory body, which is designed to protect consumers.

Guaranteed loans

No loan is guaranteed, despite some advertisements saying otherwise. This is because with all types of lending, whether a short-term payday loan or a larger personal loan, it is required that the proper affordability and credit checks are carried out. This applies for every loan, no matter whether you have an excellent credit history or a poor one. Only once a lender or credit broker has carried out these checks can they then approve or decline your loan.

Personal loans for bad credit

A personal loan is generally for a fixed amount of money repaid over a fixed amount of time. There are many types of personal loans, including several personal loans for bad credit. Small, unsecured bad credit personal loans, such as payday loans and short-term loans, are available to help people who don’t have access to mainstream credit, and are designed to provide emergency cash (typically for amounts up to £3000) over short periods.

Bad credit unsecured loans

If you have a less than perfect credit history, you may struggle to get approved for a loan without providing a guarantor or some kind of security. There is a solution, however — bad credit unsecured loans. These are similar to other short-term and payday loans in that they are designed for people who have a financial emergency and need to borrow money quickly – except that they are aimed at those who have poor credit and require an unsecured loan.

Bad credit loans in the UK

If you’re looking for loans for bad credit, then at Instant Lolly, we’d love to help!

There are bad credit loan lenders who understand that just because you have experienced financial difficulties in the past, it shouldn't stop you accessing short-term loans if you need emergency cash. We work with these specialist lenders of bad credit loans in the UK, to match your own unique financial circumstances and requirements to a suitable lender.

Apply online today

If you want a bad credit loan, complete our short online form (providing the information required including how much you want to borrow and over what length of time), and we'll do a quick check to see if we can help. (This credit check will not show up on your credit file).

We aim to give you an almost instant loan decision, and if your bad credit loan is approved, the money could be in your bank account within 15 minutes!

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Bad credit loan FAQs

What is the difference between bad credit and poor credit?

Generally, anyone that has a below average credit score, has so for one of two reasons. They may have gotten into financial trouble in the past and have bad credit due to negative history reported on their credit file, or they may not have accrued enough history to date — so they have poor credit (also known as ‘limited’ or ‘thin’ credit). Although the terms ‘poor credit loans’ and ‘bad credit loans’ are often used interchangeably, the chance of acceptance may vary between the two, depending on the lenders approval criteria.

Do all direct lenders offer bad credit loans?

No, not all lenders provide loans for bad credit or very bad credit. Each lender has their own unique approval criteria, so while direct lenders are generally categorised as bad credit loans direct lenders, the degree of bad credit accepted varies by lender. Some lenders will only accept people with limited credit history, and many won’t accept people with very bad credit history, such as CCJs.

Can I apply for a bad credit loan if I'm not in regular employment?

Yes, there are bad credit lenders in the UK who will consider your loan application even you if you are not in regular employment. The most important thing is proving your ability to repay the loan.

  • On benefits: Bad credit loans for people on benefits are available. Specialist lenders may take some aspects of your benefit income into account when deciding whether you can afford to meet the repayments.
  • Unemployed: If you are not employed but receive some form of regular income, such as a pension, you may still be eligible for a loan. That is why bad credit loans for unemployed people exist. Of course, you will need to show that you can comfortably afford the loan repayments on top of existing commitments.
  • Self-employed: When you are self-employed, it is sometimes difficult to prove you have a regular income. The good news is that bad credit loans for self-employed people do exist — and we can help you access them.

How fast can I get a bad credit loan?

If you are looking for fast bad credit loans, then our service can help. We have relationships with many specialist providers of these types of short-term loans. Once your online loan application is approved, we aim to have the money with you within just 15 minutes — now that is very fast!

What are the advantages of using a broker over bad credit loan lenders?

Bad credit brokers are typically knowledgeable and experienced, meaning they can identify the most suitable bad credit lender for your own unique needs — saving you time and money. Using a bad credit loan broker also means you have access to multiple bad credit loan lenders in one place with just a single application to fill out.

Bad credit loans from Instant Lolly

Flexible borrowing — choose from a large range of short-term and payday loans.

Flexible borrowing

Choose an amount and repayment term that's right for you. We offer loans from £100 to £3000 over 1 to 24 months.

Help to get accepted — loans for people with good and bad credit.

Help to get accepted

Fill out our short form and we'll ensure your application reaches all the right lenders for the best chance of approval.

Fast funding — loans with quick decisions and speedy money transfers.

Fast funding

You'll get a decision in seconds and money transferred to your bank as quick as 15 minutes once you're approved.

Online convenience — access the best UK direct lenders in one place.

Online convenience

Apply securely online: 24 hours a day, seven days a week — via mobile, desktop or tablet. Oh, and it's totally FREE too!

Worried about bad credit?Check your eligibility without affecting your credit score


If you do not make your minimum repayment by the agreed upon due date, you may incur additional charges and penalties. If you are having problems paying, please call your credit provider. For other sources of assistance, visit; call the Step Change Debt Charity on 0800 138 1111; or National Debtline on 0808 808 4000; or visit; or visit your local Citizens Advice Bureau.

Loan approval: All loan offers are subject to lender final approval. Approval/transfer times vary by lender. Not all lenders may be able to transfer funds in 15 minutes. Approvals/transfers may take longer for applications processed outside normal working hours. If your bank does not support faster payments, it may take longer for funds to reach your account.

Credit checks: When assessing your eligibility for a loan, lenders will carry out a soft search; only you can see them on your credit report and they have no impact on your credit rating. If you accept a lender's loan offer, they will perform a hard credit search, which will be visible to any company searching your credit report for 12 months.