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

Online Bad Credit Loans

Getting online bad credit loans is now easier than ever, and there are some really good options to choose from. You could end up finding the best lender possible online that has far better offers than a bricks and mortar business. You could even find a lender who you otherwise would have never found, and they end up offering the best rates that are right for you. There are many benefits associated with online bad credit loans, and the application process has been made incredibly fast and simple too. Providing you got the appropriate documentation on your computer, you could be pre-approved instantly and potentially have your loan granted a short time after.

 

What Are Online Bad Credit Loans?

Online bad credit loans are a type of loan for people who have bad credit, and the application process is done online. You have no need to visit a physical location to make your application, and the whole process can be done in minutes. Submitting documents is easy providing you have them on your computer, and you will be required to submit your proof of identity and supporting documentation to prove your income. Depending on the lender, you could be pre-approved for your loan application and receive your money via bank transfer once the application process has progressed through the next stage.

Applying for bad credit loans online is a very fast process and the turnaround time from your application to approval can even be done in under 24-hours in some cases. Everything is done through a website, and the lender will receive your application to make their assessment. If you are in a tough financial predicament and need fast access to some cash, then these types of loans could definitely help you get your situation sorted out.

Why Are These Loans Good?

You can apply for online bad credit loans from the comfort and convenience of your own home without the need to spend all that time commuting and waiting. Your documents are safely submitted online through the lender’s website, and they will receive them and access your application. If you choose to apply for a loan this way, you can save so much time because you don’t have to travel to a physical location, wait to see your lender, have a meeting with them, and then travel back home again.

These loans could also help get you out of a difficult financial predicament. When you have a bad credit score, the banks don’t want anything to do with you, and if you do make a loan application, you can bet it’s probably going to be denied. Online bad credit loans lenders don’t base your application solely on your credit score like the banks do, and it’s instead based on your income and ability to make the repayments.

This means that someone who could have damaged their credit score many years ago and now needs a loan to pay off a debt or make a purchase could be approved for that loan when the banks would have otherwise turned them away. There are many sets of circumstances which could result in someone getting a bad credit score, and it’s not always their fault either. They could have been made redundant at their old job and had a long spell of unemployment which followed and resulted in them maxing out their credit card to survive. The interest would have built up, and they wouldn’t have been able to start making repayments until they got a job. Granted, this person is still legally liable to pay off that credit card debt and they did spend the money, but you can see how some people can get a bad credit rating because of circumstances out of their control.

Should I Look Into Online Bad Credit Loans?

These types of loans are great if you need cash fast and the turnaround time can even be same-day in some cases. Whether you need to pay your tax bill, sort out an overdue invoice, purchase emergency accommodation or flight, bad credit loans can provide you with quick access to the money you need. If your credit score is that bad, the banks aren’t going to want to deal with you, so you need to divert your attention online and look into getting a bad credit loan. You can’t wait around for things to just magically fix themselves and your financial problems aren’t just going to disappear. If you need the money, online bad credit loans could be your best option.

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.