Representative example: borrow £600 for 8 months. 1st monthly repayment of £144.38, 6 monthly repayments of £192.50, last monthly repayment of £96.25. Total repayment £1,369.63. Interest rate p.a. (fixed) 185.39%. Representative APR 611.74%. Our loans are available for 3 to 9 months depending on the loan amount — rates between 295.58% APR and a maximum APR of 1294%.
Representative example: borrow £600 for 8 months. 1st monthly repayment of £144.38, 6 monthly repayments of £192.50, last monthly repayment of £96.25. Total repayment £1,369.63. Interest rate p.a. (fixed) 185.39%. Representative APR 611.74%. Our loans are available for 3 to 9 months depending on the loan amount — rates between 295.58% APR and a maximum APR of 1294%.
A personal loan is usually an unsecured loan repaid in fixed monthly instalments over an agreed term. It can be used for planned or unexpected costs such as home improvements, car repairs, moving expenses, essential purchases or consolidating existing borrowing. Because the loan is unsecured, you do not normally need to provide property or another asset as security. The lender will assess your income, regular outgoings, existing commitments and credit history before deciding whether the loan is affordable.
Badger Loans compares your application with a panel of UK lenders. We do not lend money ourselves and cannot guarantee that an application will be accepted. Participating lenders use their own criteria and may offer different amounts, interest rates and repayment terms. Before accepting an offer, check the APR, monthly repayment and total amount repayable. You can read a full explanation of the application process on our How It Works page.
You can apply to borrow from £100 to £15,000 over 1 to 60 months, depending on your circumstances and the lender’s assessment. The amount and term offered may be different from those requested. A longer repayment term can reduce the monthly payment but usually increases the total interest paid, so compare the full cost before deciding.
If that sounds like you, you’re eligible to apply today!
Badger Loans works with a panel of up to 50 lenders in the UK. This helps improve your chances of being matched with a suitable loan from one of the lenders on our panel. With each lender having different requirements, you can maximise your chances of approval through Badger Loans. Every lender on our panel has been reviewed and vetted to ensure that they are fully authorised, regulated and trustworthy. With no upfront fees, you can receive an almost instant decision in up to 5 minutes and if successful, can receive funds on the same day. Sometimes within a few hours. We will not pass on your information to any other companies without your permission.
It may still be possible to get a personal loan if you have poor or limited credit, but approval will depend on your current circumstances and the lender’s checks. Lenders generally consider your income, essential outgoings, existing debts and ability to make the repayments as well as your previous credit history. A weaker credit profile may result in a smaller amount, a higher interest rate or different repayment terms. Read our Personal Loans With Bad Credit guide for more detail, use the Affordability Calculator before applying and visit our Credit Repair page for practical steps that may improve future applications.
Personal loans are normally repaid in fixed monthly instalments over the agreed term. Your monthly payment will depend on the amount borrowed, the interest rate and the repayment period. Before accepting an offer, check the APR, monthly repayment and total amount repayable. A longer term may reduce the monthly payment but usually increases the overall cost. If you think you may miss a payment, contact the lender as early as possible to discuss the support available. Learn more in our Guide to Personal Loans in the UK, Secured vs Unsecured Personal Loans, What Credit Score Do You Need for a Loan?, Personal Loans With Bad Credit and Low APR Loans for Bad Credit guides.
Get your decision in minutes and, if approved, receive your funds within the hour. Applying won’t affect your credit score.
You can use a personal loan for various purposes, including debt consolidation, home improvements, buying a car, or even funding a wedding or holiday.
You can apply to borrow from £100 to £15,000 over 1 to 60 months. The amount and term offered will depend on the lender’s assessment of your income, outgoings, existing commitments, credit history and affordability.
Lenders usually assess your identity, address history, income, regular outgoings, existing credit commitments and credit history. They use this information to decide whether the loan is affordable and suitable. The exact checks vary between lenders, and approval is never guaranteed.
Many lenders allow early repayment, but the amount needed to settle the loan and any interest or charges will depend on the individual agreement. Ask the lender for an early settlement figure before making the payment.
Yes, many borrowers use personal loans to combine multiple debts into one monthly payment. This can make repayment easier and sometimes reduce your overall interest rate. However, it’s important to ensure the new loan’s terms are better than your existing debts to avoid paying more in the long run.
Missing a payment can result in late fees, higher interest and damage to your credit score. Lenders may also report the missed payment to credit reference agencies. If you think you’ll struggle to pay, contact your lender as soon as possible. They may be able to arrange a payment plan before it impacts your credit file.
Lenders usually reserve the lowest APRs and interest rates for borrowers with strong credit histories and steady, reliable income. A clean payment record, low existing debt and being on the electoral roll all help bring your rate down. When you apply through Badger Loans, lenders assess your affordability and credit profile before offering a personalised rate. The better your credit behaviour, the lower your APR is likely to be. If your credit is less-than-perfect, you may still be approved but the rate will reflect the higher risk. Improving your score first is often the fastest route to securing a low-interest loan.
APRs are higher for bad credit borrowers because lenders take on more risk when someone has missed payments, defaults, or a low score. The APR reflects that risk but it can also look inflated, especially for loans lasting under a year. That’s because APR is a 12-month formula, so short-term borrowing can appear far more expensive on paper than it actually is in monthly repayments. What really matters is the fixed cost shown before you accept the loan. If you want to reduce your APR over time, improving your credit score, clearing small debts and keeping payments on track will help lenders offer you lower, more competitive rates in the future.
Complete the online form with accurate details about your identity, address, income, employment, expenses and bank account. Badger Loans then compares your application with participating lenders. If a lender believes it may be able to help, you may be shown or sent an offer subject to its final credit and affordability checks. Decisions and funding times vary, and same-day payment is not guaranteed.
Most lenders only need your basic details, income figures, and bank account. Some may ask for digital bank statements or payslips if your income varies. Having these ready improves your chance of fast approval.
Yes. Using an FCA-authorised broker like Badger Loans helps you avoid scam lenders, upfront-fee fraud, and clone firms pretending to be legitimate. We never charge fees, and our lenders are regulated. For more safety advice, read our Loan Scam Survival Guide in the Support Hub.
You will usually need to provide your name, address history, date of birth, employment or income details, regular expenses, existing credit commitments and UK bank account information. Some lenders may request additional evidence, such as payslips or bank statements.
Personal loan terms vary by lender and applicant. Through Badger Loans, available terms may range from 1 to 60 months. A longer term can reduce the monthly repayment but usually increases the total amount of interest paid, so compare both figures carefully.
Compare the APR, monthly repayment, repayment term and total amount repayable. Also check any fees, the consequences of missed payments and the lender’s early-repayment terms. Choose only a repayment that fits comfortably alongside your essential expenses and existing commitments.
Badger Loans compares the information you provide with participating UK lenders. A lender that may be able to help can then explain the available offer and carry out its final credit, identity and affordability checks. Rates, decisions and funding times vary, and approval is not guaranteed.
Often yes. Personal loans provide fixed monthly payments and a clear end date, whereas overdrafts and some credit cards can be more expensive and indefinite. A loan can be more cost-effective for larger, one-off expenses.
