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Welcome to the Loans area. No matter what your credit history there are likely to be loans available to you. We compare numerous different loans for people with bad credit as well as secured loans to help you find credit when you need it the most. Make sure you read the terms and conditions of any loan carefully and if you have any queries it is worth seeking professional financial advice.


Compare Loans Products

There are a large number of different products on the loans markets, and finding the right loan for your needs can prove difficult. So what is the difference between Payday Loans, Secured and Unsecured Loans, and Debt Consolidation loans? Who are these loans for and for what should they be used? Read our guide on how to get a loan below or if you know what kind of loan you need; click on the links below to view our selection.

Payday Loans

Payday loans are often referred to as a 24 hour loan, a fast loan or easy loan. Essentially it is an easy to get small loan that is lent on a short term, often 30 day, repayment scheme. It is often used to cover unexpected bills or for example an unexpected emergency such as a car repair. It is called a 'Payday' loan as the lender generally is expected to repay the payday loan when they're paid.

The loans are easy to qualify for, though generally proof of employment/payslips are needed.

Bad Credit Loans

A bad credit loan is designed for you if you have poor credit. You might have seen advertisements for Loans For People with Poor Credit Rating, CCJs or arrears. These mean that despite a bad track record, you will most likely be considered for this type of loan. Bad credit brokers allow individuals to enter their requirements - be it for a personal loan, a secured loan or other - and will scour the loans market on your behalf to find a deal. They will know which lenders are likely to accept you even if you have suffered a less-than-perfect financial past.

So if you have been refused credit before, don't give up: compare the market of bad credit or poor credit loan offers - you will probably find that there is a lender out there who can suit your needs and you will be able to get a loan.

Logbook Loans

Logbook loans are very similar to Payday loans, and have recently been placed in their own loan category. Aimed at people with poor credit ratings, CCJs and arrears, Logbook loans give car owners the chance to borrow money in the region of around 500 to 50,000. A Logbook loan is simply a secured loan - but instead of being secured against your home, it is secured against your car.

Logbook loans are easy to apply for, and most online providers can provide money within a short space of time - often within 24 hours.

Car Loans

A car loan is a specialist loan product for people who want to pay for a new or used car in one go. Unlike a hire purchase from a car dealer, using a car loan to pay for a car means that you can take ownership of the car right away. You will then simply need to pay back the loan to the car loan company. Many car loan providers offer a loans service which is not exclusive to people with perfect credit ratings they will take on customers who have CCJS, defaults, arrears, ex-bankrupt or have been refused a loan elsewhere.

Some companies say that their car loan product is cheaper all round than a care hire purchase offered by a dealer. This might be true, but make sure you have a good look at the rates (such as the representative APR) and other fees and charges and compare them. car loan company might take your credit rating into account when deciding how much they can offer you, so make sure you shop around to find the best deal when you get a loan.

Guarantor Loans

Guarantor loans are a useful source of personal credit for people who have problems getting a regular unsecured loan. Due to a poor credit rating, arrears, CCJs, or any loan problems in the past, many lenders will turn you away when you apply to get a loan. Here is how it works:

You apply for the guarantor loan, and during the process you provide the lender with a nominated person who will act as your guarantor. They then step in if something happens to stop you being able to make repayments. The person you choose (who must also agree to take on the role!) can be anyone a family member, friend, neighbour or colleague.

Consolidation Loans

People often accrue debts through a variety of channels EG credit cards, bank loans and other creditors. All these debts will have different interest rates and can be difficult to keep track of. A consolidation loan is a loan which is used to pay off these debts so that you are only paying the one debt consolidation loan, this way you can both keep track of your debts under one easy to manage loan and; more importantly will almost certainly save you money on repayments as the interest rate is generally very low.

Personal Loans

If you are looking for credit then it is likely that you are looking for a personal loan. Personal loans vary so it is important to ensure that you find the right one for you. There are both secured loans and unsecured personal loans available. Secured personal loans require you to provide an asset as a deposit for the security of the loan. In most cases this will be your home so it is very important to make loan repayments on time or you risk losing your home. Unsecured personal loans do not carry that sort of risk but the interest on them is likely to be higher than that of a secured personal loan.

Personal loans are available to people with bad credit but you are unlikely to be able to borrow from a bank with bad credit. However, there are other lending institutions which can provide people with bad credit both secured and unsecured loans. Rates of interest will vary so it is really worth shopping around in order to find the personal loan which best suits your financial circumstances. Before taking out any loan it is essential that you read the terms and conditions carefully to ensure that you fully understand what is required and how much your loan will cost.

Unsecured Loans

Don't be put off by the title of the loan, an unsecured loan (also know as a personal loan) is actually a less risky loan for the borrower as they do not have to put up a valuable asset (usually a flat or house) as collateral to receive the loan.

Effectively it is a loan which is supported by the borrower's credit rating; rather than his or her assets.

Generally an Unsecured Loan can be any amount between 1,000 and 25,000 and though the borrower can choose different payment periods; generally the repayment period is 5 years or less.

So which loan is best for you?

There are a number of ways to choose the easiest way is by comparing the representative APR rate. This is a good place to start. You should also consider whether the loan is fixed rate (IE the interest stays the same throughout the loan period) and a variable rate which may rise or fall with changes to the bank base rate.

Do I need a good credit rating to get a Personal Loan?

Generally the lender will look at your creditworthiness when deciding whether to give you a loan. That does not mean that those with a poor or medium Credit rating cannot get an unsecured loan, but generally the credit rating of the borrower may affect the interest rate on the loan.

Secured Loans

A secured loan is a loan in which the individual borrower pledges a tangible asset such as a property or a car as collateral against a loan. The borrower will usually get a favorable rate of credit; as well as be able to borrow a larger amount than on a normal personal loan. This is because the lender has the legal option of taking the asset if the loan is not repaid. So the lender has security on the loan, and therefore acquires less risk.

Why should you consider a secured loan with this risk?

Generally there are three reasons a borrower would opt for a secured loan:

  • It is easier to obtain as the lender has security on the loan.
  • The borrower can borrow a larger amount of money.
  • The loan can be repaid over a longer period (up to 20 years, although a longer term increases total interest.

The loan can generally be used for any purpose, including paying all your other debts so that payments are in one manageable outgoing and with a more favourable interest rate.


Business Loans

Most people who are starting a business require some funding or a business loan to get them going. You can get a business loan from a wide range of lenders in the UK from online independent companies offering a flexible term and loan repayment system to mainstream banks.

Generally, regardless of whether you are a limited company or a sole trader partnership, you can find good business loans in today's market. The easiest way to find the right loan is by taking time and comparing the offers. You can find a variety of loan amounts usually they fall into two categories: 1,000 to 25,000 and over 25,000 (up to 1 million) and will carry either a fixed or variable interest rate. In many cases, interest can be offset against tax liabilities.

Depending on the size and provider of your business loan, you can choose whether you want interest paid on a monthly or quarterly basis. Note a loan arrangement fee might be incurred.


Please Note: is not authorised to give advice under the Financial Services and Markets Act 2000.

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