Bad Credit Loans

Bad Credit Loans

Instant Decision & No Fees

Representative 1266% APR

Below you’ll find all you need to know about loans for those with poor credit.

A poor or short credit history can have an impact at the worst time, like when you need some cash for that life emergency. However, at Sunny, we offer life support, which means if you’ve been unsuccessful applying for credit elsewhere, one of our bad credit loans could help you out. When we talk about bad credit loans, we mean loans that are designed for people who have perhaps been turned away for a personal loan by their bank or other lenders because they’ve missed payments on credit agreements they’ve had in the past and so need to rebuild their credit history, or because they simply don’t have enough credit history for the banks to feel comfortable extending credit to them.

It is possible to have bad credit but good income – you may earn a substantial amount of money, but are held back by your lack of credit history or past difficulties.

In this guide, we take a look at exactly what bad credit loans are and how to improve your chances of getting a loan. These loan types can be a great option for those who and aren’t quite eligible for a personal loan from a mainstream lender but still need to borrow money. If this sounds like you, read on to find out more.

Eligibility for bad credit loans

To apply for a bad credit loan in the UK, you must meet a number of criteria. For example, you will need to be at least 18 years of age and a resident of the UK. You must also not be bankrupt, and be able to show you have a steady income and access to a bank account. Remember, you will also undergo a credit and affordability check as part of your application for a bad credit loan with Sunny. Find out more about all of our eligibility criteria by clicking “Find out more” below.

Bad credit lending example

Here, we’ve broken down a few examples of this type of payday loan for bad credit – detailing different amounts and the interest you’ll pay on each. Take a look through to see which one would be best for you and your circumstances and then hit the apply now button to get an instant decision on one of our loans for those with a poor credit history.

Monthly Rate
24 %

Based on a 30 day month

Loan Term
6 Months

The loan term is fixed but you can repay early at any time

Representative example
£100 for 6 months
Interest rate
292% pa (fixed)
6 repayments of
Total amount repayable
1266% APR
Max APR   %

Poor credit loans information hub

Want to know more about this loan type? We’ve answered some of the most common questions to help you make the right decision. If you have other questions before you submit your application online, our customer support team are also on hand to help.

This type of loan is for those who have a low credit score or a poor credit history. You can find out your score by signing up to a credit reference agency such as Experian or Equifax.

These loan types can save the day with life’s little emergencies and may be the only option for those with a low credit score.

Limited credit history is when you have no evidence of making credit repayments, this can be just as damaging as a low credit score and may restrict you from even taking on a bad credit loan.

This can be the result of late or missed repayments on a loan, credit card, mortgage or other credit agreement or having high levels of existing credit in your name.

Yes, we want to help you make the best financial decisions for you, so when we receive a loan application we take care to carry out a full credit check as part of our review process. We undertake an affordability assessments to ensure we only lend to those who can demonstrate they will be able to afford to repay their loan on time, and our credit check ensures we avoid lending to those who may find repaying a loan difficult.

Taking on small amounts of credit and proving that you can make repayments on time and in full can help you boost your score. Enrolling on the electoral register can also help.

Yes, once your application is received we review and confirm whether you have been accepted or not - this could be on the same day. Once you’ve been approved the money could be in your account in just 15 minutes - ready to cover you when you really need it.

Not necessarily. Our bad credit loans don’t usually require a guarantor. You can solely apply and receive your cash without the fuss.

Click here to read our full FAQ page

How a Sunny loan can help

Here at Sunny, our aim is to help you tackle unexpected expenses quickly, so that you can get back to the important things in life. That’s why we believe our bad credit loans are the best choice for those who need credit now, and have been turned away by their bank or other credit providers. When you choose Sunny, you also enjoy the following benefits.

Apply for one of our loans and receive an instant decision, even with bad credit. You could receive your cash in just 15 minutes of approval.

You don’t need to worry about those extra fees. There are absolutely no application fees, no admin fees and no late payment fees.

Unlike other loan providers, you can pay early and save on interest. Plus, it’s easy to manage your account online to stay on top of your upcoming payments, and even pay a bit extra or early.

More information on bad credit loans

These loans are there for those moments where you need a little cash now, but your credit score is preventing you from taking out a personal loan from your bank or another credit provider. Whether the washing machine is on its last legs, the car’s broken down or the boiler is on the blink, one of these loans can support you and ensure you can get the job done straight away. That’s life support.

It’s important to bear in mind that you will pay a higher interest rate on a bad credit loan.

Once it has been paid, though, the lender will report to the Credit Reference Agencies that you have repaid in full and on time, and this will be reflected on your credit report. This should stand you in good stead for future credit needs.

At Sunny offer loans designed to help you on a short-term basis. These loans are not recommended as a solution to a long-term financial problem and we advise you seek expert financial advice before applying.

Comments from Sunny customers

Our customers love what we do and we know you will too. We strive to help every customer find the right loan for them so that they can deal with their unexpected or emergency expenses and carry on with their lives. We ensure the loan you take out is well within your means, to ensure you can comfortably make repayments. Check out our reviews and Trustpilot score** to help you make your decision when considering a loan from Sunny.

Got everything you need?

Feel like you have a good understanding of bad credit loans and believe this loan type is right for you? Hit the apply now button below and receive an instant decision. Once we’ve approved your loan, you could have the money in your account in 15 minutes.

Looking for alternative lending options?

You’ll pay no fees on a Sunny loan, just interest, which is charged daily. This means that if you pay back early, you’ll save money on the overall cost of your loan by paying less interest. Changed your mind about your loan? That’s no problem. Simply call us within 5 days of borrowing to pay back*, and you won’t pay a penny in interest. Our loans are designed help you in the face of all manner of unexpected and emergency expenses. They’re there to offer a little life support when you need it. Find out more about the circumstances in which a Sunny loan may be the right choice for you in our detailed guides.