ePrivacy and GPDR Cookie Consent by Cookie Consent Unsecured Loans For Bad Credit - Apply Online - Everyday Loans

Unsecured Loans

We provide unsecured loans for all credit profiles up to £15,000. As a direct lender, applying with us won’t effect your credit score

How much would you like to borrow?

Our quotes won't affect your credit score


Representative Example: Borrowing £3,000 over 24 months at an interest rate of 71.3% p.a. (fixed), you will repay 24 monthly payments of £237.75 per month. Interest Payable £2,706. Total Repayable £5,706. Representative 99.9% APR.

Feefo 2021 Platinum Trusted Service

There are likely hundreds, if not thousands, of reasons someone might want to borrow money, here are some of the situations where an unsecured loan could be beneficial.

Unsecured personal loans are a popular method of borrowing. If you are planning on taking out a new line of credit, it is important that you weigh up the pros and cons to find the right type for you.

Consolidating debts

Anyone that has developed significant balances on a credit card or store card will know that the majority of repayments can get eaten up by interest charges, especially if you only pay the minimum repayment every month. A personal loan has fixed monthly repayments over an agreed term, so you know exactly how much you need to pay and when. If you want to streamline your finances, an unsecured personal loan can be used to consolidate outstanding debts.

Improving credit rating

Every adult in the UK has a credit file, even those that have never had a loan, overdraft or credit card. This file, which contains personal and financial information, as well as data on your borrowing behaviour, is used to provide lenders with a credit score. Lenders will use the score and information on your file from any of the three credit reference agencies (Equifax, Experian & CallCredit) to decide whether you meet their eligibility criteria. You can improve your credit rating by making payments on time & ensuring you are listed on the electoral role.

How it all works

Applying for a loan with us is simple, simply fill out our quick online form and receive a decision in seconds. Once you have been approved, you’ll be invited into your nearest Everyday Loans branch to complete the agreement with one of our friendly account managers. The whole process can be completed in less than 24 hours.

All of our loans are subject to status and affordability.

  • Step 1

    Step 1

    Complete our short
    application form

  • Step 2

    Step 2

    Get an initial decision
    in minutes

  • Step 3

    Step 3

    Pop into your local branch
    to complete your loan

Why choose everyday loans?

  • Applying with us won't affect your credit score. We use Soft Searching Technology which means even if you're unsuccessful; it won't go against your credit file.
  • We offer loans to those with a less than perfect credit score. You'll need to be over 18, a UK resident and be able to afford repayments.
  • We're a direct lender not a broker. We'll NEVER charge you a fee to consider your application.
  • We'll give you a conditional decision in just minutes.
  • You can borrow from £1,000 up to £15,000 over a minimum term of 18 months up to 60 months, for almost any purpose. Loans not for business, gambling or illegal purposes. Maximum APR 299%
Start Your Application

Loans for tenants and homeowners

Whether you are funding a new vehicle or planning some home improvements, Everyday Loans can offer tailored loans of up to £15,000 to both home owners and tenants. You will not be charged a fee for us to consider your application and we do not secure your loan against property. You do not need to own a property to have a loan with us. If you are living with parents, renting a private property or a council tenant, that is not a problem, we will still consider your application.

Your credit future

We are more interested in your credit future rather than your credit history. We offer loans to people in a wide range of circumstances, including those with bad credit. We will always look to provide you with the best rate possible and as a responsible lender, we will only offer you a loan that you can afford to repay. As long as you are over 18 and in full time employment you are potentially eligible for a loan*.

It is important to make your loan payments on time as not doing so can seriously damage your credit rating, making it harder to obtain credit such as mortgages in the future.

Important knowledge on unsecured loans

Taking an unsecured loan is a very common and widespread option in adult life in the UK. It’s a very flexible and versatile way of accessing credit that can help you obtain things you need and achieve the goals you want. It’s a serious commitment to enter into, of course, and that’s why we are here to answer a few questions and give a little more detail on how it works with Everyday Loans.

  • Q1: Can you define exactly what an unsecured loan is?

    Of course. Some types of loans are secured against things like assets. An unsecured loan is one that is agreed and determined largely by your credit score and a set of basic requirements. Many responsible adults across the UK can’t get accepted by mainstream lenders, and that’s where Everyday Loans steps in to help, because we know you’re more than just a credit score.

  • Q2: What does that phrase APR mean?

    APR is a term that refers to how much money in total you will repay on your unsecured loan. It means annual percentage repayment.

  • Q3: Is it correct that I could get an improved score after applying?

    Not after applying. As your credit score is a reflection of your reliability in making payments and meeting financial obligations, your credit rating will be positively affected should you make your repayments on time and in full. You will not see a boost to your score just for applying and being accepted for an unsecured loan, though.

  • Q4: Is there any mark on my credit record when I apply?

    Some lenders do leave a mark. Everyday Loans is different, as we make use of our own Soft Search technology which does not leave a trace when you apply. The danger to keep in mind when applying for any other unsecured loan is that making a large number of attempts (and being turned down) in a short space of time can reflect badly on you and may make lenders more cautious if you subsequently apply to them for an unsecured loan.

Our Process FAQs

Here we will go through a few of the questions we commonly receive regarding our loans. We’ll also describe the actual process of applying for an unsecured loan with us in a bit more detail for your benefit, including our requirements.

  • Q1: Is it a lengthy process to apply?

    Once you receive a ‘conditional approval’ online after making your application, we do all we can to make the process easy and rapid. The next step in the process of taking an unsecured loan out with us is to have a meeting with an advisor at your local branch of Everyday Loans. It’s here that they will break down the repayments and fine print in an easily understood manner. With everything signed off, it’s no time at all before your funds are released to your account.

  • Q2: What requirements are there for a loan with you?

    We are more lenient than other lenders and may approve you even if you were declined elsewhere. With this in mind, we just need to see evidence of UK citizenship as well as a bank account in the UK and evidence of employment.

  • Q3: Can you confirm whether Everyday Loans are direct lenders?

    We are direct lenders for unsecured loans. Our headquarters are located in the town of Bourne End, which is in Buckinghamshire.

  • Q4: Is additional funding possible?

    This can be offered but needs to be negotiated with your local branch and advisor. We will only consider topping up your loan if you have already been seen to have made repayments on-time and in full, and a top up to your unsecured loan is not guaranteed.