Bespoke alternative finance options with features like:
Easy online loan process
Same-day loan approval
Flexible repayment terms
No early payment fees
Soft credit analysis
At Exramilefinance, we are committed to providing everyone a second chance to borrow funds. We have been here for years to help UK people like you by offering tailor-made bad credit loans. You can easily secure funds to consolidate debts, car repair, or enjoy a long-awaited holiday.
Our simple online loan process ensures a hassle-free application. We back this with a quick loan decision so that you can regain finances sooner.
Do not think that a poor credit history has been the reason for not applying for a loan. Possibilities are there with effective poor credit score loans. So, apply today!
Yes, getting a loan approved despite a bad credit history may be easier than you have expected. We will give you another chance to get back your credit score. As long as you fulfil our basic criteria to get a loan, we are dedicated to offering a suitable and affordable loan for you.
With us, you may get your low credit rating loans approved faster, no matter what your credit history is.
Here is what we offer:
£1000 - £10000 loan amount Personalised interest rate Fixed rates throughout the life of the loanFlexible loan term from 1 to 5 years Unsecured loans for bad credit for any genuine purpose If approved, get your money on the same day Learn more about how to borrow money from a private lender in the UK with bad credit.
| Loan Amount | Term | APR | Monthly Repayment | Total Repayment | Total Loan Cost |
|---|---|---|---|---|---|
| £2,000 | 12 months | 29.9% | £193 | £2,316 | £316 |
| £5,000 | 24 months | 19.9% | £252 | £6,048 | £1,048 |
| £10,000 | 36 months | 15.9% | £351 | £12,636 | £2,636 |
Disclaimer: The given loan rates or APRs are for example purposes only. These may vary depending upon individual financial circumstances, credit scores and affordability.
Our loans for poor credit are like a lifeline for those individuals who are struggling to borrow funds through traditional lenders. By connecting with us, you can access the desired funds by qualifying on the easier criteria.
Your chances of being eligible for poor credit loans are higher if:
You are above 18 years of age You have been a permanent resident of the UK You earn over £45,000 per annum from your employment You do not have recent CCJ or bank default charges You have a valid and active UK bank account Apart from these conditions, you may be required to meet current financial commitments without any pending debts.
Generally, no documents are needed to be sent to us as there are 100% online bad credit loans in the UK to ensure an instant decision. However, everyone is different, but the application process usually takes 5 minutes to complete.
At first, you fill out a simple online form by entering some basic details regarding your contact particulars and what you are looking for.
It will not affect your credit score. Upload digital copies of bank statements.
If your loan request gets approved, we will send a quick loan quote. It includes your loan amount, repayment terms and interest rate.
Go through the quote carefully, and approve it or share any concerns with our experts.
Once everything goes fine, we instantly release the funds to your bank account within one business day.
Mostly, you get same-day loans for bad credit. Sometimes, a delay can happen due to a bank holiday, or some amendments are needed in the loan details.
The presence of multiple bad credit personal finance options at the direct lender makes it different from traditional lending institutions. You can pick any of these according to your financial situation and affordability.
Here are the easiest loans to get with bad credit:
| Bad Credit Loan Types | Loan Amount | Repayment Term | Interest Rates | Best For |
|---|---|---|---|---|
|
£1,000 – £25,000 |
6 months – 5 years |
Medium |
Planned expenses |
|
£50 – £1,000 |
2–4 weeks |
Very High |
Emergency expenses |
|
£500 – £25,000+ |
3 months – 5 years |
Medium to High |
Affordable repayments |
|
£500 – £10,000 |
6 months – 3 years |
Medium to High |
People with poor credit |
|
£100 – £5,000 |
1 – 12 months |
High |
Urgent small financial needs |
There are many reasons to apply for bad credit loans from direct lenders only. These include:
No middlemen: The most significant advantage of choosing a direct lender is no broker involvement. It ensures faster processing and clear communication with the lender. Transparent loan fee: Transparency is key to a successful loan outcome. With no broker bad credit loans, you get a clear idea of the total loan cost shared by your lender. Instant approval: The online lenders deal with loan applications online. It means they can make decisions quickly to relieve the borrowers. Customised solutions: Flexibility is what differentiates a direct lender from a bank loan. Loans are based on an individual's financial situation. Soft credit score analysis: Unlike traditional banks, loans come directly from a lender and are usually soft search loans. It defines that applying won’t impact your overall credit profile. Extramilefinance works directly with the borrowers. We ensure that you get a smooth, streamlined and hassle-free borrowing experience.
Every loan option has its pros and cons, and low credit score loans also have dual aspects. Learn here the advantages and disadvantages of these funding options:
We say YES when your bank says NO. It is what we follow while offering no guarantor bad credit loans in the UK.
We maintain transparency while offering loan rates and are committed to no upfront fee loans only.
Applying won’t affect your credit score because we protect your credit score with soft credit check loans.
We give a conditional loan decision in minutes. You can straightaway fulfil your financial needs with a fast process.
We have among the most competitive loan rates to ensure you the best bad credit personal finance.
“I had a very low credit score as I missed a few payments last year. My bank also refused my loan application. I approached Extramilefinance, and the process was short and quick. I received the loan decision in a few hours and the funds on the same day. Highly recommended!” ___James Walker, Leeds.
“I really liked the soft credit check the most. I could easily analyse my loan options without any worry of dropping my credit score. The representatives explained every loan cost clearly to me. Thanks!” ___Rebecca Collins – London.
“I required emergency loans despite bad credit for car repairs and couldn’t wait for days or weeks for the approval. At Extramilefinance, the application process was fast, and I had my loan amount within 24 hours. It was indeed a smooth experience.” ___Mark Evans, Manchester.
A bad credit loan is a personal loan specifically tailored for individuals with low credit ratings or poor credit histories. These loans are applied for if you cannot qualify for a traditional bank loan due to your less-than-perfect credit score.
Yes, a loan for poor credit is considered safe if you avail yourself of it from a responsible lender. Extramilefinance follows responsible lending criteria and offers only affordable loans that you can repay comfortably from your income.
We generally approve short-term loans for bad credit within a few minutes of the application being submitted. The process is online, and minimal documentation is needed, which ensures smooth and quick approval.
Applying for a loan with poor credit may not affect your credit score if you have borrowed an affordable amount and repaid it on time. Besides, you should look for soft credit search loans that don’t indicate in your credit profile.
Yes, you can apply for a CCJ loan, but at a higher interest rate. The lender may consider your recent financial performance and debt ratio to approve your loan.
Loans for bad credit usually come with a higher interest rate than standard loans. It happens due to the lower credibility of those with low credit ratings. Still, we maintain competitive rates by offering affordable loans only. We also emphasise the borrower's income, not the credit history.
You cannot get guaranteed bad credit loans in the UK from direct lenders or any other lender, as every loan is subject to a mandatory credit check. It depends on borrowers' financial status and credit profile. However, we do soft analysis that ensures high acceptance of loans despite bad credit.
The term ‘no credit check’ defines the early stage of the application where the lender analyses the basic details of the borrowers, but does not check the credit score. A detailed credit check can be done later for the final loan approval.
These specialised loan offers are not for everyone, but highly useful for:
A guarantor adds value to your loan application, but sometimes it is not possible to have that person. Direct lenders are flexible, and therefore, they can offer loans for very bad credit with no guarantor requirement. Interest rates may be on the higher side, but the convenience of borrowing is there.
