Unsecured Loans

FCA
Authorised
Loans from
£500 - £25,000
Instant
decision
One application,
many lenders
Bad credit
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Can I apply for unsecured loans for bad credit in the UK? Yes, you can. Personal Loans Now offers access to a wide range of unsecured loans online, ranging from £500 to £25,000*. Some of the direct lenders on Monevo’s lender panel specialise in funding unsecured loans for people with a bad credit score. You can get an instant decision with same day payout, and they only deal with FCA-authorised direct lenders. Apply now for the loan offer that’s perfect for you!


Are you looking for unsecured loans for bad credit from a direct lender?
Apply now and get an instant decision!

Bad credit loans
Unsecured loans
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Bad credit loans
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No guarantor loans
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* People with poor or great credit score can apply
*No guarantor needed


Everything about our unsecured loans for bad credit


Unsecured loans for bad credit

Getting an unsecured loan for bad credit in the UK is possible even with no guarantor. By definition, unsecured loans are a bit more expensive as the lenders need to balance the risk. Unlike banks, private unsecured loans providers in the UK do not take any security to guarantee the loan. The best UK lenders provide unsecured loans with an instant decision, so you can get the money in your account on the same day. Unlike payday loans where we always recommend working directly with the lenders, FCA authorised unsecured loans brokers tend to be a better option if you need a loan fast.

Unsecured Loans - Personal Loans Now

Can I get unsecured loans for poor credit in the UK?

Unsecured Loans - Personal Loans Now

Can I trust unsecured loans for bad credit from direct lenders only?

Unsecured loans are risky for the lender, so they prefer to lend to applicants with a good credit rating. However, many direct lenders specialise in unsecured loans for bad credit, so it is possible to obtain a loan. You may be tempted to opt for an unsecured loan with no credit check, but remember that these loans are illegal in the UK, and it is better to search for bad credit unsecured loans in the UK. We at Personal Loans Now will always do our utmost to ensure you get the right unsecured loan for your situation, regardless of your credit score.

When looking for unsecured loans for bad credit from direct lenders online there are two very important points to look out for:

  • That the website is secure.
  • That the direct lender is fully authorised and regulated by the FCA. (You should be able to find a clickable FCA number on the lenders website).

In this way you can be sure that you are in safe hands. We have access to unsecured bad credit loans from Monevo’s extensive panel of FCA direct lenders.

  • Unsecured loans for people with bad credit
  • No guarantor needed
  • No application fee
  • Instant decision
  • Direct lenders panel


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Instant loans

Applying for instant loans online provide the benefit of getting a lending decision within minutes. You don’t need to submit any paperwork of guarantor details. FCA authorised lenders will never charge you a fee for obtaining an instant decision. People with poor credit may experience a short delay as the lenders may conduct a more in-depth credit assessment based on affordability to enable the loan.

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How can lenders provide instant decision loans?

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Why my credit score affects the online decision speed?

The FCA categorises instant decision unsecured loans as short term high-cost credit. Lenders are hedging the risk with the APR. (The interest you pay on the money you borrow). To get your instant decision online, lenders developed an algorithm that scans your credit file in real time and establish an assessment of your ability to repay the loan on time. Usually, this assessment would be followed by manual underwriting review to ensure the credit you are offered is the right one for you.

Lenders are using series of examinations to establish a reliable borrowing assessment. While it is considerably easy to decline people based on low credit score, it is more complicated to get people with bad credit approved for a loan online. Lenders that specialised on unsecured loans for bad credit would need to run more checks to justify the credit approval. These extra checks may take a tad longer, usually up to three minutes.

  • Unsecured instant loans
  • Instant decision online
  • Same day payout where possible
  • No application fee
  • High acceptance rate

 


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Loans for bad credit with no guarantor

Bad credit loans with no guarantor are an excellent alternative for people who can’t find a guarantor to co-sign a loan. You can get a no guarantor loan even if your credit history is far from perfect. At Personal Loans Now, you can apply to borrow from £500 up to £25,000* with no guarantor. These loans are often useful to fund a large purchase, carry out home improvements, or for debt consolidation. Unsecured bad credit loans do not require you to provide any collateral. People used to borrowing payday loans may be surprised how much more you can get for no guarantor loans online.

Unsecured Loans - Personal Loans Now

Can I get unsecured personal loans for bad credit with no guarantor?

Unsecured Loans - Personal Loans Now

Can I find loans for bad credit with no guarantor and no fees from a direct lender?

Lenders are often wary of lending to applicants with a bad credit score, so finding a guarantor to co-sign makes obtaining a loan much easier. However, it is often difficult to find a guarantor, so many people just search for unsecured loans with no guarantor instead. Getting unsecured personal loans for bad credit with no guarantor is possible. At Personal Loans Now, you can apply no matter what your credit score is, and we will never ask for a guarantor. We have access to some of the best direct lenders in the UK; some can provide loans for people with poor credit history, others may require a guarantor. Apply now and let Monevo do the hard work of finding the most suitable lender for you from their panel of FCA direct lenders.

Yes, many direct lenders offer bad credit loans without a guarantor and no fees attached. However, finding a lender that is willing to lend to you with bad credit is much more difficult , and if your application is declined, it may affect your credit score. Therefore if you were to pay a broker fee you are broadening your chances of being accepted for unsecured loans for bad credit from direct lenders that are suitable. When you apply with us we can help you to find direct lenders on the Monevo lender panel who specialise in offering no guarantor loans in the UK for poor credit with no fees and at the same time offer some of the best loan rates available.

  • Unsecured loans for bad credit
  • Direct lenders panel
  • High acceptance rate
  • Instant decision online
  • No guarantor needed





Unsecured Loans from Personal Loans Now

For many people in the UK, unsecured loans are the best option for credit. At Personal Loans Now, we promise always to do our best to ensure you get the right unsecured loan with no guarantor for you. Even with a poor credit score, we won’t keep you waiting – you’ll receive an instant decision in just 90 seconds, with same day payout of £500 to £25,000 if approved. The interest rate is much lower than payday loans, and the monthly repayment is by far more affordable. Better affordability means higher acceptance rate for people with bad credit. Check your options now, no application fee.


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Written by: Kylie Jenson
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