Top 10 Direct Lenders for Bad Credit Personal Loans

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Over a few decades, a lending system has evolved a lot having introduced lenient terms and conditions. Yet, borrowing funds are not as easy as it seems to be. Credit score plays a crucial role in lending – no matter which type of loan you apply for.

Personal loans are unsecured loans, hence require you to have a good credit score, but it does not mean that bad credit borrowers are ineligible. If your credit report shows a high default risk, you will end up paying high-interest rates.

Since each lender charges different interest rates, it is imperative that you choose the deal that fits your budget. Here are the top 10 direct lenders for bad credit personal loans, which you can consider while living in the UK.

Aone Loans

Aone Loans is one of the prominent online lenders in the UK offering various loans on flexible terms and conditions. The lender makes all possible efforts to provide financial assistance to as many borrowers as possible despite poor credit history. As a responsible lender, Aone Loans makes sure that you do not fall into debt because of borrowing funds more than your affordability. You will get funds based on your affordability.

Apart from bad credit personal loans, Aone Loans provides unemployed loans, no guarantor loans, Christmas loans, tenant loans, unsecured loans, business loans, car loans, and student loans. Whether your credit history is stellar or not, you can take out these loans at your home comfort.


Another best online lender is OnStride. With years of experience, the lender has made the lending criteria so easy and straightforward that everyone can access a variety of loans when they need funds. Bad credit borrowers are welcome.

The lender believes that anyone may fall short of cash anytime and therefore, it tries to provide financial assistance to all types of borrowers. A bad credit history cannot preclude you from taking out emergency cash loans. If you are not able to decide the amount you should take out, you can take guidance from the lender. OnStride will help you choose the best deal based on your affordability.


Cashupjar provides quick loans to all types of borrowers regardless of their credit scores. You can avail a maximum amount up to £5000. As you put in the loan application, the instant decision is made. High approval rates and no upfront fees are the highlights of the lenders’ services. Annual percentage rate is much more affordable than other direct lenders.

The lender provides loans with flexible terms that may vary from three months to 36 months depending on your affordability and creditworthiness. If you are not sure about your eligibility, you can use the online checker tool. It hardly takes two minutes to complete. You will get an instant quote without having a bad impact on your credit report.  


CashFloat is a new loan company in the UK that accepts all credit scores. The lender follows online system to lend money. You will fill out and submit the application form online. The lender will assess your application form carefully to determine your affordability.

You will get funds based on your repayment capacity. You can take out a loan for any reason – for car repairs, medical bills, broken appliances, and paying other dues. The same day money transfer will make your life easier. Fast decisions are made keeping in mind that you need funds for urgent needs. Self-employed people can also apply for the loan.

Likely Loans

Likely Loans started its journey in 2014 with an aim to provide financial support to the needy. With exceptional services, the loan company becomes one of the best lenders in such a short span. It provides personal loans for all shapes and sizes.

To date, it has over 100,000 customers. The maximum amount you can borrow is £5000. It depends on your affordability and creditworthiness. You can take out the loan for any purpose. You do not need a guarantor and collateral to apply for the loan even if you have a bad credit history. As you out in the loan application, you will get funds within the same day if your application is approved.

British Lenders

British Lenders provides instant payday loans to finance your short-term need. The approval rate of these loans is very high. The lender tries to approve loan applications within a couple of minutes. As your application is approved, you will get funds transferred to your account within 10 minutes.

The application procedure is not tedious and time-consuming. The lender will not require you submit several papers. You need neither a guarantor nor collateral to take out the loan. You do not need to pay upfront fees or any other kind of hidden fees. However, the lender will disburse funds only if it is certain that you will be able to repay the debt on time.

Avant Credit

Avant Credit follows a simple online application procedure. The company has over 80,000 customers. With the simple application form, it is easy to get funds during an emergency. Whether your credit history is disappointing or not, the lender will not discourage you to apply for the loan as long as you have repayment capacity.

The lender needs your personal details and income information to decide on your affordability. You will get funds at once if your application is approved. The lender provides these loans at competitive interest rates and does not charge application fees or upfront fees.


LoansNow is one of the eminent online lenders for instant personal loans. Whether your credit score is good or bad, you can apply for these loans during any emergency. The application process is simple, safe and secure. You do not need to pay any application or upfront fees. The maximum amount the lender disburses is £5000.

As you apply for funds, LoansNow will evaluate your income statement to determine your affordability. These loans come with high-interest rates for bad credit borrowers. Therefore, the lender sanctions the loan only after being sure about your repayment capacity. LoansNow provides these loans at lower interest rates than other payday lenders.

The Easy Loans

The Easy Loans UK has years of experience in lending. It has been helping individuals to meet unexpected expenses for decades. Over the decade, the lending criteria have evolved a lot. The lender provides you with loans on easier terms and conditions. Since the company aims to help financially as many borrowers as possible, it follows a customer-centric approach.

The Easy Loans provides bad credit loans, no guarantor loans, payday loans, personal loans, unemployed loans, home improvement loans, unsecured loans, and Christmas loans. The lender will help you get a bespoke deal that will not cause wreak havoc on your finances.


LittleLoans follows a simple and safe lending system. You do not need to suffer from paperwork. You will get funds within a few seconds as your application is approved. You can borrow between £100 and £5000. You do not need to pay any hidden cost or upfront fees.

You also do not need to arrange a guarantor and collateral to get funds. You can apply for these loans anytime when you need. You can also check your eligibility online before applying for the loan. This will not show up on your credit report and hence, does not pull your credit score.

Aforementioned are the top direct lenders. Choose any one of them and get the best loan offer.

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