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due Tuesday 25th Mar

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The cost of borrowing £300 over 6 months:

Fast Loan UK £507.48

Mr Lender £544.00

Cashasap £556.23

Lending Stream £579.00

Money Platform £586.26

Savvy £595.00

QuidMarket £596.46

Cash4unow £599.82

Fernovo £595.92

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Ticket Loan £595.92

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Loan Pig £595.92

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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

Finding yourself in need of a loan but struggling due to a low credit score? You’re not alone. Many individuals face financial difficulties that impact their credit ratings, making it harder to access traditional lending options. At Fast Loan, we understand that life happens, and everyone deserved access to funds when they need them. That's why we offer extremely bad credit loans, designed specifically for individuals who may have a poor or limited credit history but still need access to fast, trusted funding.

Whether you're facing an unexpected bill, car repairs or simply need a little extra financial help, our loans for bad credit can be the perfect solution. Unlike traditional banks that rely on credit scores to decide whether to lend to you or not, we focus on your current financial situation. Our eligibility depends on your ability to repay the loan over anything else.

What Are Low Credit Score Loans?

Low credit score loans are for people who might not be able to get traditional loans because of the state of their credit history and score. These loans are offered by lenders who assess applicants based on affordability rather than just credit score, making them an accessible financial solution for many.

There are many reasons you might have a low credit score, including:

Missed or late payments on previous loans or credit cards
Having a lot of debt compared with your income
Limited or no credit history
Previous issues such as missed payment or bankruptcies

Traditional lenders generally reject applications from individuals with poor credit because they view them as a bad risk. At Fast Loan, we take a more flexible approach, focusing on affordability and your current financial health rather than just past credit behaviour. Our easy loans for bad credit are designed to provide you with cash when you need it most.

Am I Eligible for a Bad Credit Loan?

If you have struggled with credit issues in the past, you might be wondering whether you qualify for a bad credit loan. Our easy loans for bad credit application process is straightforward and transparent. While we assess each applicant individually, our eligibility criteria for our simple loans with bad credit include:

Age: You must be at least 18 years old.
Residency: You must be a legal resident of the UK.
Employment and Income: You must have a regular source of income, either from full or part-time employment or self-employment.
Banking Requirements: You must have a valid UK bank account and a debit card.

Even if you have a low credit score, you may still qualify for a loan as long as you can show us you’re able to make repayments. Our application process does involve a soft credit check, which does not affect your credit score. This allows us to assess your suitability without impacting your ability to borrow in the future.

What Size Extremely Bad Credit Loans Are Available?

At Fast Loan, we offer a range of loan amounts to cater to different financial needs. Whether you require a small sum to cover an emergency expense or a larger loan to help with significant outgoings, we have options available.

Available Loan Amounts:

Small Loans for Bad Credit: Borrow as little as £50 for urgent short term needs like groceries.
Medium Loans: For more substantial expenses, you can borrow up to £2,000.
Repayment Terms: We aim to give you loans that work for you, so you can choose from our flexible repayment periods ranging from a week to 12 months.

We also provide 6 month loans, ideal for borrowers who need a short term solution with structured repayments. Whether you need a one-off quick loan or prefer spreading repayments over a few months, we tailor our loans to fit your needs.

Why Choose Fast Loans?

Choosing the right lender is crucial, especially when dealing with bad credit. At Fast Loan, we offer fair and competitive interest rates, ensuring affordability. Our transparent pricing means you’ll always know exactly what you need to repay, with no hidden fees or surprises. We are a fully FCA-authorised and regulated lender, adhering to strict guidelines to ensure responsible lending practices. We assess each applicant carefully to ensure loans are affordable and manageable.

Applying for a loan takes just a few minutes. Our process is entirely online, making it convenient and hassle-free. Once approved, funds are typically transferred on the same day, providing you with quick access to cash. Whether you need a short term loan or prefer structured repayments over several months, we offer flexibility. Our short term loans range from 7 days to 12 months, allowing you to choose a schedule that suits your finances. We also pride ourselves on providing outstanding customer service. Our friendly team is always available to assist you, answer questions, and guide you through the borrowing process.

At Fast Loan UK, we believe that everyone deserves access to financial support, regardless of their credit history. Our low credit score loans are a practical solution for those who need quick funding but may struggle with traditional lenders – we pride ourselves in offering flexible, accessible funding for people who need it. If you're ready to apply or have any questions, get in touch with our expert team and take the first step today!

Bad Credit Loan FAQs

Are loans for bad credit guaranteed approval?

Unfortunately, we can’t guarantee approval for our loans. While we specialise in bad credit loans online, we follow responsible lending practices. This means we assess affordability before approving a loan to ensure that you can comfortably make repayments. Approving loans without assessing affordability could lead to financial difficulty, which we aim to prevent. If your application is declined, we may provide advice on improving your chances in the future or alternative borrowing options that may better suit your circumstances.

How quickly can I receive the loan funds?

Once your application is approved, we aim to transfer the funds as quickly as possible. In most cases, borrowers receive their money within hours, depending on their bank’s processing times. If you apply outside of business hours or on weekends, the transfer may be processed on the next working day.

Can I repay my loan early?

Yes! We encourage early repayments, and there are no penalties for paying off your loan ahead of schedule. By repaying early, you can reduce the overall interest charged, potentially saving you money. If you’re in a position to settle your loan sooner, simply contact our team to arrange an early repayment and we’ll provide you with a final settlement figure.

Will applying for a loan affect my credit score?

Our initial soft credit check does not impact your credit score. However, if you proceed with the loan application and it is approved, a hard credit check will be recorded on your credit report. This may temporarily affect your credit score, particularly if you apply for multiple loans in a short period.

What happens if I miss a repayment?

If you miss a repayment, you may incur additional fees, and your credit score could be affected. We know that sometimes financial circumstances can change, so if you’re struggling to make a payment, you should contact us as soon as possible. We may be able to arrange an alternative payment plan to help you avoid further financial stress. Ignoring missed payments can lead to further charges and impact your ability to borrow in the future.