Personal Loans UK for Bad Credit | Easy Apply

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Get An Unsecured
Personal Loan (UK)
from £100 to £25,000

Personal Loans UK

Badger Loans specialises in Personal Loans UK and can help you find the best personal loan for any purpose. Whether it is for paying some pressing bills or buying a new car.  Or maybe paying for a wedding or even debt consolidation.

Customers can apply for personal loans up to £25,000 repaid over 1 to 5 years. You have the option to repay early at any time.

Our loan matching system is able to pair your requirements with the lender most likely to accept your application and offer the best rate possible. To get an instant decision and provisional loan quote, simply click on the apply now button to get started. The application form takes less than 5 minutes to complete and you will have an answer on screen in under 2 minutes.

If you would like to take a deeper dive into the workings of personal loans you can read our new Personal Loans UK Guide by clicking this highlighted link.

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What is a Personal Loan?

Badger Loans provides access to Personal Loans UK. A personal loan is a loan which is used for personal purchases and expenses. Whereas you would use a mortgage to purchase a property or a business loan to fund your business.

This type of product falls under unsecured loans because your eligibility is based on your income and credit status. There is no collateral or guarantor required.

Personal loans are often repaid in equal monthly instalments on a scheduled repayment date that you select each month.

Key Features

  • Online loan application
  • Borrow £100 to £25,000
  • Repaid from 1 months to 5 years
  • Bad credit considered
  • Funding available in 24 hours
  • No upfront fees

What Are Personal Loans Used for? 

Personal loans are taken out by an individual and used for personal purposes, as the name suggests. This includes paying off bills, buying a new car, paying school fees, holidays, weddings and more.

Personal loans are typically longer term loans and you usually have several months or years to pay them off. You can use the money to clear your debts or fund a large purchase. You have the flexibility and breathing space to pay it off over time.

This type of loan is not used for short term emergencies (see payday loans) and is better suited to those with good credit scores This allows you to get the best rates possible.

How Can I Get the Best Personal Loans Rates?

Those customers with good credit scores will usually have access to the lowest rates. By having a history of paying off credit cards and loans on time, you would have built up a good credit score. This gives lenders confidence that you will be able to repay your loan and you will be rewarded with a lower rate.

To get a cheaper personal loan, look at improving your credit score by clearing any existing loans or credit cards. Also look at closing down any cards or accounts that you are no longer using. It can be useful to keep a balance on a couple of credit cards. Be careful how much balance you keep and always try to remain at under 30% of your credit limit. This is called your credit utilisation ratio (technical lending term). Go over 30% and lenders start docking credit score points. Keep it between 20-30% and you will appear like the debtor from heaven.

Other eligibility factors that will give you access better rates including having a regular, stable income and homeowner status.

Hungry for more information? We have another blog post about What To Consider Before Applying for a Personal Loan. You can read it by clicking on the highlighted text.

Can I Get Personal Loans for Bad Credit?

Yes, people with bad credit can both apply for and get personal loans. The lenders on our panel appreciate that not everyone can have a perfect credit score. They also expect to see a few missed payments or the occasional default.

Although you may have a poor credit history, if you have made current payments on time for other types of loans or credit cards, the lender will appreciate that you are on the right track and will be able to pay future commitments.

If you have a very poor credit score, the interest rate may be slightly higher and the amount you wish to borrow many be less. This is so the lender can better manage their risk.

Why Apply for a Personal Loan with Badger Loans?

Apply for a loan with Badger Loans using our online application form. You can get an almost instant decision and a provisional loan approval in less than 5 minutes.

There are no upfront fees for applying and it will not impact your credit score. We simply require a few basic details about you, your address, income, the amount you wish to borrow and how long for.

Successful customers can sometimes receive funds to their bank account in 1 hour or more usually within 24 hours of applying.

Why Apply For An Unsecured Loan with Badger Loans?

  • Amount between £100-£25,000
  • Term from 12 months to 5 years
  • You need an Unsecured Loan
  • Good or Bad Credit
  • No Guarantor Required

Legal Information

Rates from 12.9% APR to 1625.5% APR. The minimum Loan Term is 1 month. The maximum Loan Term is 36 months. Representative Example: £1,000 borrowed for 18 months. The total amount repayable is £1564.59. Interest amounts to £564.59, an annual interest rate of 59.97% Representative APR: 79.5% (variable).

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