WARNING: LATE REPAYMENT CAN CAUSE YOU SERIOUS MONEY PROBLEMS. RATES FROM 45.3% APR TO 1575% APR FOR HELP, GO TO MONEYADVICESERVICE.ORG.UK

The Very Best Loans with Loantra

Short-Term Loans

Apply Today to Borrow up to £995

*Online decision

*Responsible lenders

*Rates from 278% to 1576%

*3-12 month repayment

Personal Loans

Apply Today to Borrow up to £25,000

*Instant Decision

*60-Second Application Form

*Rates from 4.7% to 278%

*3-36 month repayment

What Loantra can do for You

Instant Unsecured Loans for Bad Credit

Do you need money fast? And are you having a hard time getting a loan?

Unfortunately, it is often the people who need loans the most who are going to have the hardest time getting them at a good price. If you are someone with a poor credit score, then that will mean that in the past, you will have struggled to pay back the money you have borrowed. As a result, you will seem like a less reliable borrower to future lenders and they won’t want to take a risk by forwarding you large sums of money.

But the only reason you would have missed repayments in the past would be that you didn’t have the cash available to make them. So you’re likely to be someone who really needs that advance – and you’re in a position where you’ll find it very hard to get one.

So what can you do?

What is an Unsecured Loan?

One way to get around bad credit when trying to get a loan, is to secure the loan against an asset. This effectively means that you’re making your property or even a vehicle into collateral. You are signing an agreement to say that if you don’t manage to pay back the loan, then the bank may take your car, your home or another possession of yours in order to make up the difference. In the case of a title loan, you actually transfer possession of your vehicle to the lender up front!

This is all good and well but what if you’re not a homeowner or a car owner? What if you live in a rented apartment in a big city?

And what if you don’t want to put your family at risk by potentially giving your home over to the bank? That’s when you need an unsecured loan for bad credit.

Instant Unsecured Loans for Bad Credit – Your Options

Fortunately, there are a number of alternative options you can use if you want instant unsecured loans for bad credit and all of these can help you to get around the challenges faced by a bad credit score.

One example is to take out a payday loan. This is a type of loan that involves borrowing a small amount of money with a high APR for a short amount of time. That APR can often be as much as 400% but if you’re only borrowing a small amount for a matter of weeks, then the fee can be as little as $15.

Need a little more? Then installment loans are another option, which require you to pay back a similarly small amount over the course of a few smaller repayments. This is also a good way to gradually fix your bad credit score.

Another option is to use a guarantor loan. Here, instead of securing your loan against an asset, you find a family or friend who agrees to pay for your loan if you fail to.

There are also various types of insurance you can use, you can buy some products on finance and more.

Where there’s a will, there’s a way!

See How We Compare to Our Competitors

Loan amount
£500 - £20,000
Loan term
12 - 60 Months
CUSTOMERSCORES
Good
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Loan amount
£500 - £100,000
Loan term
1 - 18 Months
CUSTOMERSCORES
Excellent
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Loantra is a licensed credit broker and not a lender.

We will never charge you for our service and the lender will not increase the rate to cover our fee to them.

We work with over 40 different lenders to bring you the very best rates from across the UK market.

Representative 305.9% APR. Representative example: £400 borrowed for 90 days.

Total amount repayable is £561.92 in 3 monthly instalments of £187.31.

Interest charged is £161.92, interest rate 161.9% (variable)

Warning: Late repayment can cause you serious money problems. For help, go to moneyadvice.org.uk.

Do not borrow more than you can pay back as defaulting on payments can lead to serious monetary problems.

Any collateral you have against the amount may be at risk of repossession.

5 most recent personal loan reviews

Review of Natwest

My personal loan from NatWest was planned in advance because I like to do plenty of research before committing to something as important as a building extension. I wanted to make sure the loan would be possible and that it was at a competitive rate before I started employing architects and builders. I was in regular contact with our local branch’s loan adviser and they finally sorted out a very good loan for me and once that was agreed I got on to the job of planning this extension. We’d already had the go ahead from the local council so it was all systems go once that all important loan was finalised. Sometimes it’s best to deal with your own bank for such an important loan and I am pleased that I entrusted NatWest with my loan.

Review posted by Wayne Crouch, Plymouth

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of U Switch

In our position your company treats us well. We have the income but unfortunately due to circumstances beyond our control our credit rating is bad. Thank you Uswitch for giving us a chance.

Review posted by Neil Morrison, Perth

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Wonga

Suprised at ease of application. Never wanted to use these kind of things but had a very tough month and needed a few pounds before payday. After checking different options I found the small amount to payback manageable and it’s all payed back 2 days after payday. Easy process with quick response.

Review posted by Anthony Bell, Chelmsford

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

All reviews have been sourced from Trust Pilot to ensure authenticity of testimonials.