Bad Credit Personal Loans UK with Fixed Rates, Instant Decisions and Same-Day Funding

How bad credit personal loans UK work

Unsecured bad credit personal loans UK give people with poor credit a route to borrowing without asking for collateral. Lenders like Everyday Loans offer fixed rates, clear terms and loan amounts from £1,000 up to £15,000 so you can plan monthly payments.

Fixed rates mean your monthly Direct Debit stays constant for the whole term, normally between 18 months and 5 years. That predictability is especially useful when you’re rebuilding credit and need stability in your household budget.

Costs, APR and what to expect

These products often carry a high representative APR — Everyday Loans lists 99.9% APR for some examples — reflecting greater lender risk on bad credit personal loans UK. It’s essential to check the total cost payable and the monthly repayment figure before committing.

Look out for features that reduce risk, such as 0% product fees, the ability to overpay without penalty and transparent representative examples. Comparing representative APRs across providers helps you decide which bad credit personal loans UK is least costly over the term.

Application process and fast funding

The application is largely online with a soft-search option so you can check eligibility without harming your credit score. Many applicants get an instant decision and, once paperwork is finalised, same-day funding is often possible at a local branch.

Joint applications are permitted and can increase borrowing power by combining incomes, while topping-up existing loans may be offered to consolidate debt. Always confirm whether final signing must be done in person, as some lenders require a branch visit for ID checks.

Practical tips for borrowing with poor credit

Only borrow what you can afford and use the fixed-rate feature to set a strict monthly budget; overpaying when you can will cut interest and shorten the loan term. Keep evidence of income and recent bills to speed up approval and branch appointments.

Use the soft-search tool to explore offers and compare Everyday Loans with other bad credit personal loans UK providers, looking at APR, term length and repayment flexibility. Responsible borrowing and timely repayments help improve your credit file and open up better options later.