Bad Credit Loans: Get Approved Today

Yes, you absolutely can. We specialise in helping people with loans for extremely bad credit – in fact, 67% of our successful customers had already been turned down somewhere else. Even with scores as low as 300, CCJs, defaults, or missed payments, you could still get £100-£2,500. Why? Because our lenders care more about whether you can afford the repayments now than what happened in your past. Check out our very bad credit loans guide if you want to know more.

It’s easier than you might think! Getting loans with bad credit through Sunny takes just 3 simple steps: First, fill in our quick form (takes about 90 seconds). Then we’ll do a soft search (won’t hurt your credit score) and match you with lenders who are likely to say yes. Finally, pick the offer that works for you and get your money – 83% of people have it within 15 minutes! The clever bit? We send your application to 30+ specialist bad credit loans lenders all at once, which is why 89% of people get approved through us versus just 23% going direct. Ready? Start your application here.

Good question! A soft check (what we do first) is like having a sneaky peek at your credit file. Other lenders can’t see we’ve looked, and it doesn’t affect your score one bit – you could do a hundred and it wouldn’t matter. A hard check (only happens if you say yes to an offer) does show up on your file and might knock a few points off temporarily. That’s exactly why our eligibility checker is so brilliant – you can see your real chances without any risk.

We need to be honest here – guaranteed loans for bad credit and 100% loan approval promises are actually illegal. Since 2015, the FCA says all lenders must check you can afford to repay (it’s for your own protection). Anyone promising bad credit loans guaranteed approval is either trying to scam you or they’re a dodgy lender. But here’s the good news – with our 89% approval rate, most people looking for “guaranteed” loans do get the money they need. We just can’t promise everyone will.

Really, really quickly! Our fast loans with bad credit live up to their name: you’ll get a decision in 3 minutes, and if approved, 83% of customers have their cash within 15 minutes. We’re here 24/7, even weekends and bank holidays. The best bit? It doesn’t matter if you have excellent credit or very bad credit – the speed’s the same for everyone. Have a look at our same-day loans and instant loans guides for more.

Let’s talk real money, not confusing APRs. Our poor credit loans have APRs from 9.3% to 1,721% (representative 89% APR) – but that’s not what you actually pay. Here’s what you really pay: Borrow £500 for 6 months = £125 interest (so £625 total). Borrow £1,000 for 12 months = £150 interest (£1,150 total). And thanks to FCA rules, you’ll NEVER pay back more than double what you borrow – that’s the law. Looking for low apr loans for bad credit? Pick a shorter term to pay less interest overall. Try our calculator to see your exact costs.

Of course! Our small loans bad credit start from just £100 – perfect for those smaller emergencies. Popular amounts are £100 loans, £200 loans, and £500 loans. Even with these smaller amounts, you can spread the cost over 3 to 36 months. Borrowing less means you’ll pay less interest, plus successfully paying it back helps rebuild your credit score. Win-win!

Yes, definitely. Lots of our lenders are happy to accept benefits as income for loans with poor credit. As long as your total income (including Universal Credit, PIP, ESA, Child Benefit, or Tax Credits) adds up to £500 or more each month, you can apply. The lenders understand how benefits work and can match your repayment dates to when you get paid. Check out our loans on benefits guide for all the details.

Nope! All our loans for bad credit are unsecured with no guarantor needed. We look at whether you can afford to repay, not whether you can rope someone else in. Your home, your car, and your relationships all stay completely out of it. Want to know more? Have a look at our no guarantor loans guide.

For bad credit loans UK applications, you’ll need a few bits and pieces: some ID (passport or driving licence), bank statements (usually the last 3 months), proof of where you live (like a utility bill), and proof of income (payslips or benefit letters). The good news? Most lenders now use Open Banking, which means they can check everything instantly online. Just have your online banking login details handy and you’re sorted.

Technically yes, but here’s the thing – responsible lenders for bad credit will check what else you’re paying. If you’ve already got several loans on the go, it might be a sign you need help with debt rather than another loan. If that sounds like you, think about consolidating your debts or getting free advice from the lovely people at StepChange (0800 138 1111).

It really can! Successfully paying back personal loans for bad credit shows future lenders you can be trusted. Every payment you make on time gets reported to the credit agencies, and lots of our customers see their scores go up by 50-100 points over a year. Just make sure you never miss a payment – that would knock your score back down again.

The FCA stepped in back in 2015 and changed everything for the better. Now, all bad credit loans UK borrowers are protected by strict rules: interest is capped at 0.8% per day, default fees can’t be more than £15 total (even if you miss several payments), and you’ll never pay back more than double what you borrowed. Every single lender we work with is FCA authorised – you can check any lender yourself at register.fca.org.uk. Our reference number is 821471.

Well, here’s the thing about bank loan bad credit options – they barely exist. Most banks want credit scores over 650, which rules out a lot of people. But through Sunny? You get your application sent to 30+ specialist lenders with one form, an 89% approval rate (versus 23% going direct), a soft search that protects your credit score, results in just 3 minutes, and it doesn’t cost you a penny. We’re especially good at finding very bad credit loans when the banks have already said no.

First thing – don’t panic! Call your lender straight away. They have to help you by law and they’ve got options like payment holidays, reducing your payments, or giving you more time. The most they can charge for a missed payment is £15 total. You might also qualify for ‘Breathing Space‘ which gives you 60 days’ protection while you sort things out. Whatever you do, don’t just ignore it – that always makes things worse. If you’re struggling regularly, the brilliant people at National Debtline (0808 808 4000) can help for free.

Absolutely! There are never, ever any penalties for paying off early. Clear your low credit loans whenever you want and you’ll save money on interest – you only pay for the days you actually have the loan. Pay off a 12-month loan after 6 months and you’ll save about 40% on interest. Nice!

Completely safe, as long as you stick with FCA-regulated lenders (which all of ours are). Since the 2015 regulations, finance for bad credit is strictly controlled and much safer than it used to be. Your data’s protected with bank-level encryption and GDPR rules. You get a 14-day cooling-off period to change your mind, proper complaints procedures if something goes wrong, and access to the Financial Ombudsman if needed. Just steer clear of any lender that’s not on the FCA register and you’ll be fine.

No credit history often gets treated like bad credit, but don’t worry – we can still help. Our loans for low credit scores include people who are borrowing for the first time. Lenders will look more at things like your income, whether you’ve got a job, and how well you manage your bank account. Starting with one of our small loans bad credit amounts is a great way to begin building your credit profile.

Yes! Our unsecured loans for bad credit can be used for anything legal – emergencies, car repairs, bills, even a holiday if that’s what you need. Common reasons people borrow include car finance, home improvements, weddings, and consolidating other debts. You don’t have to tell us why you need it – it’s your money to use how you need.