facebook
Login Apply

The cost of borrowing £300 over 6 months:

#1
Fast Loan UK £507.48
#2
Mr Lender £544.00
#3
Cashasap £556.23
#4
Lending Stream £579.00
#5
Money Platform £586.26
#6
Savvy £595.00
#7
QuidMarket £596.46
#8
Cash4unow £599.82
#9
Fernovo £595.92
#10
Ticktock Loans £595.92
#11
Loan Pig £595.92
#12
Moneybag £600.00

Proud to offer the cheapest instant short term loans in the UK

Compare our loans to other lenders here

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

Representative example:

Borrow: £300 over 8 months. 8 repayments of £70.31. Total amount payable £562.44. Interest rate: 130.21% pa (fixed). Representative APR: 840.75%

Low Credit Score Loans

Having a low credit score can make it feel impossible to borrow when you need money most. Unexpected expenses like car repairs, rent top-ups, or urgent bills don’t wait until your finances improve. That’s where low credit score loans can help. Designed for people with poor or even extremely bad credit, these loans focus on affordability and your current ability to repay rather than just your credit history. At Fast Loan UK, we provide fair, responsible access to borrowing so you can get the support you need, when you need it, without unnecessary barriers.

What Are Low Credit Score Loans?

Low credit score loans are short-term or instalment loans designed for people who may have struggled with borrowing in the past and don’t have a perfect credit history. Unlike traditional high-street banks, lenders offering loans for bad credit focus more on affordability and current financial circumstances rather than solely on your credit score.

These types of loans can provide quick access to funds for unexpected expenses, such as urgent bills, car repairs, or household emergencies. Whether you’re facing extremely bad credit or just a lower score than you’d like, there are lenders in the UK who may still be able to help.

Can You Get a Loan With Bad Credit in the UK?

Yes, it is possible to get a loan with poor credit. Many lenders now offer loans for bad credit that are tailored to borrowers who have faced challenges such as missed payments, defaults, or CCJs. Approval often depends more on:

  • Your current ability to repay.
  • Employment status or regular income.
  • Affordability checks carried out by the lender.

This means even those with extremely bad credit may still be eligible, provided they can demonstrate they can manage the repayments.

Why Choose Fast Loan UK for Low Credit Score Loans?

At Fast Loan UK, we understand that life is unpredictable. Our loans are built for people who may not meet traditional lending criteria but still need fast, reliable access to credit.

  • Fast approval: Decisions are made quickly, often the same day.
  • Flexible repayment options: Choose terms that fit your budget.
  • Affordable loans: We always prioritise affordability checks.
  • UK regulated: We are FCA-regulated, meaning responsible lending is at the heart of what we do.

For example, if you need to borrow £500 to cover an unexpected outgoing, our £500 loans are available even for applicants with poor credit, where this is sustainable.

Types of Loans Available for Poor Credit

  • Same Day Loans for Bad Credit: If you need money urgently, same day loans can provide fast access to funds. Even with poor credit, approval may be possible if you can show affordability.
  • Affordable Loans for Bad Credit: We also offer affordable loans tailored to those on a budget. These loans are structured to ensure repayments are manageable and transparent.
  • Instalment Loans (e.g., 12-Month Loans): Our 12-month loans allow you to spread repayments over a longer period, which may make them easier to manage if you’re dealing with tight finances. These are only available to returning, trusted customers, with new customers eligible for up to 8 months' repayments on a loan.

How Do Low Credit Score Loans Work?

The process is straightforward:

  1. Apply online: simply fill in the application form.
  2. Credit and affordability check: a soft credit search may be carried out, alongside affordability checks.
  3. Decision: we’ll assess your current circumstances, not just your credit history.
  4. Receive funds: if approved, money can be in your account the same day.

Even if you’re searching for extremely bad credit loans, the key factor lenders consider is your ability to repay now, not just your past credit history.

Who Are These Loans Suitable For?

Low credit score loans may be suitable if you:

  • Have faced financial challenges in the past, but now have a steady income.
  • Need funds for urgent expenses like a broken boiler, car repairs, or rent shortfalls.
  • Are looking for an alternative to payday loans or borrowing from friends/family.

They are not suitable for long-term financial difficulties or ongoing debt problems. If you are struggling with multiple debts, you may wish to seek free debt advice from organisations such as StepChange or Citizens Advice.

Apply for Low Credit Score Loans Today

If you’ve been turned away by mainstream banks, Fast Loan UK may be able to help. Our loans for bad credit are designed to give you access to funds when you need them most, with a strong focus on affordability and responsible lending. To be eligible, you need to be:

  • Aged 18 years or over
  • Current UK resident
  • Be in Full-Time, Part-Time or Self-employment
  • Receive a regular income
  • Have a valid bank account and debit card

Whether you’re looking for loans for poor credit, same day loans, or 12-month loans, we offer solutions tailored to your circumstances. Apply online today and get a quick decision. If you are a new customer, you can apply for a maximum of £800 for up to 8 months, whilst returning customers may be eligible for up to £2,000 loans and repayments up to 12 months. If you have any questions, please contact us.

Low Credit Score Loans FAQs

Can I get a loan with extremely bad credit?

Yes, it is possible to get a loan even with extremely bad credit. While traditional banks may decline applications due to a history of missed payments, defaults, or CCJs, some specialist lenders focus on affordability and your current circumstances instead of only your past credit score. If you can demonstrate a stable income and the ability to manage repayments, you may still be approved. These loans are designed for people who have been excluded from mainstream borrowing but need urgent financial support. At Fast Loan UK, we assess your situation responsibly to help when it matters most.

Will applying for a bad credit loan harm my score?

Applying for a bad credit loan doesn’t automatically harm your credit score. Many lenders, including Fast Loan UK, use a “soft search” during the initial application, which does not leave a mark visible to other lenders. If you accept an offer, a “hard check” may be performed, and this will appear on your file. A single hard search is unlikely to do significant damage, but multiple applications in a short space of time can lower your score. To avoid this, apply with lenders who are clear about their process and only borrow what you can realistically afford.

How quickly can I get the money?

If approved, funds from a low credit score loan can often be transferred on the same day, making them a suitable option for urgent financial needs such as car repairs, medical expenses, or household emergencies. The exact speed depends on the lender, the time of your application, and whether all details can be verified quickly. At Fast Loan UK, we aim to make decisions promptly, with many customers receiving money within hours. Same day loans are available even for those with poor credit, provided affordability checks are passed. Always confirm timescales with the lender before applying.

What if I miss a repayment?

Missing a repayment on a loan for poor credit can have serious consequences. Not only may your lender charge additional fees or interest, but your credit score could be negatively affected, making it harder to borrow in the future. Whilst we do not charge for late payment, if you realise you may struggle to make a repayment on time, it’s important to contact us immediately. As responsible lenders, we can sometimes adjust repayment plans or offer temporary solutions to help. Ignoring missed payments can lead to further financial stress, so open communication is always best. Managing repayments responsibly is key to rebuilding your credit history.

Are low credit score loans safe?

Yes, low credit score loans are safe if borrowed through a regulated lender. In the UK, all reputable lenders, including Fast Loan UK, are authorised and regulated by the Financial Conduct Authority (FCA). This means they must follow strict rules designed to protect borrowers, such as providing clear information, ensuring loans are affordable, and treating customers fairly. However, you should always be cautious when borrowing. Avoid unregulated lenders or payday loan scams that promise guaranteed approval without checks. By choosing an FCA-regulated lender, you can trust that your loan is transparent, secure, and tailored to your financial situation.

We use cookies to enhance your online experience. By using this website, you agree to our use of cookies. learn more
OK
Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk
Don’t Go Just Yet!
Proud to offer the cheapest instant short term loans in the UK

The cost of borrowing £300 over 6 months:

#1
Fast Loan UK £507.48
#2
Mr Lender £544.00
#3
Cashasap £556.23
#4
Lending Stream £579.00
#5
Money Platform £586.26
#6
Savvy £595.00
#7
QuidMarket £596.46
#8
Cash4unow £599.82
#9
Fernovo £595.92
#10
Ticktock Loans £595.92
#11
Loan Pig £595.92
#12
Moneybag £600.00
Apply Now!