Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

Clever Loans will never telephone you and will never charge you any fees. You should never pay upfront fees for a loan or send money in return for a loan.

Find an Alternative to Payday Loans for Bad Credit

Get a quote in 2 minutes, then decide if you want the loan. If you are unsure if you will be accepted, try our QuickCheck

Loan amount £1000
Over how many months?
79.5% APR Representative

Please keep this box ticked and you could have your loan sent within minutes**


Try QuickCheck to find out your chances of being accepted - 100% no credit footprint!

Try QuickCheck to find out your chances of
being accepted with no impact on your credit footprint!

Digitonomy Limited (trading as Clever-Loans) is a credit broker not a lender. All Applications Subject to affordability, UK residents only

Rates between 11.8% APR and Maximum 1721% APR - your no obligation quote and APR will be based on your personal circumstances - we compare small loans from over 30 lenders to get you the lowest APR possible. If you are not successful in finding a loan we may transfer you directly to alternative firms and services, such as credit builder tools, which may charge you a monthly fee.

Our Happy Customers

Payday Loans Bad Credit

As one of the leading online loans brokers in the UK, at Clever Loans we use our innovative technology to help people find the most suitable loan option available to them, including loans for people with bad credit.

For many people with bad credit, loans can be difficult to secure due to doubts over your ability to repay. At Clever Loans we provide quotes for personal loans on clearly defined terms and from regulated lenders. This allows borrowers, even those with bad credit, to assess if the loan is manageable for their budget.

Clever Loans, operating within the Digitonomy Group, offer over 120 years’ combined experience in the field of Financial Services and Comparison Sites. We will be able to search across up to 40 loan options and help to find the most suitable quotes that are available in terms of loans for people with bad credit. In addition to their being no fees for using our services, we also ensure that all of the lenders we connect you with are fully authorised and regulated by the FCA.

What loans do we offer?

As an online loans broker, Clever Loans do not provide any loans directly, but we connect you directly with reputable lenders, scanning across up to 20 lenders to find the best option for your circumstances. We understand that it can be difficult to secure loans for people with bad credit in the UK, but we know that people with bad credit may still find themselves in a situation where unexpected expense may mean a personal loan option is suitable for their requirements.

Personal loan options are a suitable alternative as people move away from payday loans, with Clever Loans helping individuals across the UK to apply for loans from £100 up to £5,000, with repayment terms of anywhere from 3 months to 36 months depending on the amount applied for.

We have provided access to loans for people with bad credit, although you should be aware that for many reputable lenders, the representative APR may be higher for those with a poor credit rating.

Am I eligible for a personal loan if I have bad credit?

While there is not a definite guarantee of being accepted, many of the lenders we work with can offer loans to those with bad credit by assessing eligibility in various ways which include affordability checks. Personal loans for people with bad credit are based on meeting criteria such as:

  • At least 18 years of age
  • UK resident
  • Hold a UK bank account
  • Regular income – directly into your bank account
  • Valid email address and phone number
  • Not in any form of individual voluntary arrangement (IVA), debt management or bankruptcy at present

Here at Clever Loans, we ensure that we only act as an online loan broker for lenders who authorised and regulated. We understand that for many with bad credit, loans are less available and therefore they can end up taking finance from lenders who are unregulated and looking to take advantage of financially vulnerable people. This is not the case with us, as all of our lenders offer clear and transparent payment terms at all times.

How do I know if I’ve been accepted?

Just as with anyone else who applies for a personal loan, the acceptance process for loans for people with bad credit is as follows. At the point you complete your personal loan application, Clever Loans will do a comparison of your requirements and search the available lenders, finding the best lender for your application.

If you wish to continue, the lender themselves will complete the relevant checks, including taking into account your current credit rating. If you are accepted, you will be notified, and the funds could be sent over to your bank account within as little as 15 minutes. When you receive the funds will be dependent on your banks policies and procedures.

How would my loan repayment work?

When it comes to loans for people with bad credit in the UK, it is important – as mentioned above – to ensure that you are totally clear on all expectations with regards to repayment terms. While loans for people with bad credit may well come with a higher APR, this APR should still be reasonable within the loans market and clearly communicated to you in terms of what your monthly repayment and total repayable will be.

When you apply for a personal loan using Clever Loans’ innovative technology, we ensure that any direct lenders we work with can offer repayment plans that are clearly defined and can be chosen to best suit your financial situation. Key elements that should be considered in any repayment plan are the loan’s duration, the amount borrowed, and the number of instalments.

Example Repayments*

*These are indicative quotes only based on a £1500 loan over 12 months.

Representative example: Amount of credit: £1000 for 12 months at £123.40 per month. Total amount repayable of £1,480.77 Interest: £480.77. Interest rate: 79.5% pa (fixed). 79.5% APR Representative.

Remember: A personal loan can function as a suitable choice to meet a sudden or short-term expense, but any person considering this option – especially those seeking loans for people with bad credit - should consider whether this is the best option for them at present. If at any point you begin to struggle to fulfill the monthly repayment terms, you can speak to organisations including Money Helper for advice on the best steps to take.

Representative example: Amount of credit: £1000 for 12 months at £123.40 per month. Total amount repayable of £1,480.77 Interest: £480.77. Interest rate: 79.5% pa (fixed). 79.5% APR Representative. We’re a fully regulated and authorised credit broker and not a lender.