Spend in hours, not poundsDownload our new 118M8 app Spend your hours wisely

118 118 money helpers illustration

Bad Credit Personal Loan | Check Eligibility

118 118 money helpers illustration
  • Borrow £1,000 to £8,000
  • Repay over 12 to 60 months
  • Check eligibility with no impact on your credit score
Check my eligibility now This won't affect your credit score

Representative example: Amount of credit £2,000 for 24 months. Interest rate: 41.2% pa (fixed). 24 scheduled monthly payments of £123.64. Total amount payable: £2,967.43. Representative 49.9% APR.

Can you get a personal loan with bad credit?

Yes, it can be possible. If you have a less-than-perfect credit history, you may still be able to apply for a personal loan. 118 118 Money is a direct UK lender and looks beyond a single score, carrying out credit and affordability checks to understand whether the repayments are right for you.

If accepted, you could borrow from £1,000 to £8,000 and repay over 12 to 60 months. You can also check your eligibility before you apply, so you can see whether you are likely to be accepted without affecting your credit score.

Check whether a personal loan could be right for you
Use the eligibility checker to see whether you are likely to be accepted before you apply.
Check my eligibility This won't affect your credit score
person wearing sunglasses
Why people look for a bad credit personal loan

When money is tight, most people want a simple personal loan with clear repayments and a straightforward way to see whether they are likely to be accepted.

A personal loan for real-life costs. People often look for a bad credit personal loan when they need help covering a car repair, a home bill, travel costs or another important expense.

Check first before you apply. The eligibility checker helps you see whether you are likely to be accepted without affecting your credit score.

Built for less-than-perfect credit. 118 118 Money is designed for people whose credit history may not fit the criteria used by some mainstream lenders.

Clear borrowing range. If accepted, you could borrow from £1,000 to £8,000 and repay over 12 to 60 months, depending on your circumstances.

Affordability matters. A personal loan should only be used when the repayments fit your monthly budget comfortably and the borrowing solves a genuine need.

118 118 money helpers illustration

3 simple steps to check for a personal loan

  • Check your eligibility with no impact to your credit score
  • Review your offer, set up your Direct Debit and sign
  • Receive funds in 15 minutes*
Check my eligibility This won't affect your credit score. *This can vary from 15 minutes to 2 hours depending on your bank.
118 118 money helpers illustration

What to consider before applying

A personal loan can help cover one-off costs such as urgent repairs, family expenses, travel costs or other planned spending. It can also be used for debt consolidation, although combining debts into a new loan could cost more overall if the term is longer or the rate is higher than your existing borrowing.

Before applying, decide how much you actually need and make sure the monthly repayments fit comfortably within your budget. Borrowing more than you need or choosing a repayment plan that stretches your finances can create extra pressure later on.

If you have bad credit, using an eligibility checker first can be a sensible way to look at your options. It helps you understand whether you are likely to be accepted before making a full application, and with 118 118 Money it will not affect your credit score.

Read what our customers think about us

Trustpilot
Bad Credit Personal Loan FAQs

It can be possible. 118 118 Money is a direct UK lender and looks at more than a single score, carrying out credit and affordability checks to understand whether the repayments are affordable for you.

No. Our eligibility check lets you see whether you are likely to be accepted before you apply and it will not affect your credit score.

If accepted, you could borrow from £1,000 to £8,000 and repay over 12 to 60 months, depending on your circumstances.

A personal loan can be used for many planned or unexpected costs, such as car repairs, home improvements, travel, or consolidating existing borrowing. Always borrow only what you can comfortably afford to repay.

Once approved and set up, funds could be received in as little as 15 minutes, although this can vary from 15 minutes to 2 hours depending on your bank.

See whether you are likely to be accepted before you apply

Use the eligibility checker to look for a personal loan that fits your circumstances. It will not affect your credit score.

Check my eligibility
118 118 money helpers illustration
118 118 money helpers illustration

Credit is subject to status, affordability and credit checks. Credit is only available to UK residents aged 18 and over. Terms and conditions apply.