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Large Loans for Bad Credit

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If you need a larger amount to cover an important cost, bad credit can make the search feel stressful. We’re a direct UK lender and we look beyond a single score, with checks designed to help ensure the repayments are affordable.

  • Borrow £1,000 to £8,000
  • Repay over 12 to 60 months
  • Eligibility check 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.

What counts as a “large loan” for bad credit?

When people search for large loans for bad credit, they usually mean borrowing enough to make a real difference, like covering a bigger bill, spreading costs, or replacing expensive short-term borrowing. The amount that’s “large” depends on your situation, but what matters most is that the monthly repayments work for your budget.

At 118 118 Money, you can check whether you’re likely to be accepted for a loan from £1,000 to £8,000. If accepted, you can repay over 12 to 60 months, depending on your circumstances.

Why larger borrowing is assessed differently

With a bigger loan amount, lenders typically focus more on affordability. That usually includes looking at income and outgoings, existing credit commitments, and whether the payments are realistic month after month.

If you’ve had missed payments in the past, it doesn’t automatically mean you’ll be declined. It does mean it’s worth taking a careful, step-by-step approach.

Check your eligibility for a larger loan
See whether you’re likely to be accepted before you apply. It won’t affect your credit score.
Check my eligibility This won't affect your credit score
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4 ways to borrow more responsibly

If you’re considering a larger loan with bad credit, these steps can help you stay in control:

Start with eligibility. Use an eligibility check first so you can avoid unnecessary applications.

Borrow what you need. A lower amount can mean lower monthly repayments and lower overall cost.

Choose a term that fits. Longer terms can reduce monthly payments, but may increase total interest.

Keep repayments predictable. Set up your direct debit and budget for the same payment each month.

Be honest about affordability. If a payment would be tight, it may be better to reconsider the amount or timing.

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3 simple steps to your loan decision

  • Check your eligibility with no impact to your credit score
  • Set up your account, 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.
Large Loans for Bad Credit FAQs

It may be possible. Eligibility depends on your individual circumstances. We’re a direct lender and we’ll carry out credit and affordability checks to help ensure repayments are manageable.

If accepted, you could borrow £1,000 to £8,000. The amount offered depends on your individual circumstances and the results of our checks.

No. Our eligibility check helps you see whether you’re likely to be accepted before you apply, without impacting your credit score.

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

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Ready to check your eligibility?

See whether you’re likely to be accepted before you apply. It won’t affect your credit score.

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