Small Loans For People With Bad Credit

Looking for a small loan but worried you won't be accepted because you have a bad credit history? We might be able to help!

Little Loans works with many established and reputable lenders who specialise in lending money to people with bad credit.

What is a small loan?

Small loans for people with bad credit

A small loan is usually referred to as a quick short term loan designed for who people need to borrow a small amount of money to cover a financial emergency or an unexpected bill. This type of credit is usually available to borrowers in small amounts of up to 1000 pounds and usually needs to be repaid in a few months, up to a year.

How can I get a small loan with bad credit?

You can find a small loan with Little Loans, even if you have bad credit! We partner with a panel of lenders who specialise in lending to people with a less than perfect credit history. Even if you have poor credit, we might be able to match you with a lender willing to consider your application.

Is it expensive to borrow with bad credit?

In general – yes, it can be more expensive than borrowing from a traditional lender or a high street bank. However, they can easily refuse your application subject to having less than perfect history of borrowing. On the other hand, our lenders are willing to look past previous mistakes and might be willing to consider your application for a loan if you struggle with bad credit.

Little Loans tip - you will often see APR (short for annual percentage rate) on lenders' websites. All lenders must show their representative APR on their website - that's the APR that 51% or more of its borrowers are charged. If your loan is approved, you may be offered an APR at a higher or lower rate than the representative rate, depending on your personal circumstances.

Do I need a guarantor for a small loan?

No guarantor needed for small loans with bad credit

In general – no, you don’t need a guarantor to apply for a small loan with Little Loans, even if you have a bad credit history. We may be able to match you with a lender willing to consider your application without the need of a guarantor signing up on your behalf. We have both guarantor and non-guarantor lenders on our panel, so depending on your circumstances depends which type of lender you are matched to. However, you are under no obligation to go ahead with the lender you are directed to until you are happy to proceed. 

Can I get a small loan with poor credit without a credit check?

No, you won’t be able to get a loan from a legally operating UK lender without a full credit check. All Financial Conduct Authority (FCA) authorised and regulated lenders must thoroughly assess the affordability of borrowers when lending money and a full credit check is an important part of that assessment. So in short - there is no such thing as a no credit check loan

You can, however, get an idea of whether your application can be approved by one of our lenders without the need for a credit check. You can use our quick and easy eligibility checker and assess your chances of being accepted by one of our trusted direct lenders without damaging your credit score. We’ll let you know your chances of being accepted and you can decide whether it’s worth proceeding with a full application.

Am I eligible?

Yes, you can be eligible to apply with Little Loans if you:

  • Are a UK resident
  • Have a regular income
  • Are older than 18
  • Have a bank account with a debit card
  • Have income paid into your bank account

How much can I borrow?

You can borrow up to £10,000 even with bad credit

Small loans are usually used to plug a short term hole in your budget of up to 1000 pounds. You are not limited to that with Little Loans – you can borrow sums between £100 and £10000, but keep in mind that sums over 1000 pounds are rarely considered “small”. Please see below for details on what loan amounts are available to apply for and what terms are available.

What are the repayment terms?

The repayment terms will depend on the sum you wish to borrow. If you borrow a small sum between £100 and £1000, the repayment terms will be for three, six or twelve months. If you want to borrow between £1000 and £10000, the repayments will be between 12 and 60 months.

Loan Amount

Repayment Terms

£100 to £1000

3 to 12 months

£1001 to £2500

6 to 36 months

£2600 to £7500

12 to 60 months

£7501 to £10000

18 to 60 months

Struggling with your finances?

If you default on borrowing, you may not be able to access other forms of credit for years to come. If you are concerned about the level of debt you are currently responsible for, you may wish to consider asking for help and advice from one of the following organisations:

  • StepChange
  • PayPlan
  • National Debtline
  • Debt Advice Foundation
  • Money Advice Service
  • Citizens Advice.

Check out our 4.8 star rating on Feefo

See more feefo reviews

Straight forward

“Easy pleasant service, quick decision and easy account management.”

Laurissa Marsden

Representative Example: Amount of credit: £1200 for 18 months at £90.46 per month. Total amount repayable of £1628.28. Interest: £428.28. Interest rate: 49.9% pa (variable). 49.9% APR Representative. We’re a fully regulated and authorised credit broker and not a lender