
Apply with confidence
When you’re pre-approved, the
loan amount, duration and interest
rate are all confirmed
COMPARE LOAN DEALS FOR LOW CREDIT SCORES
See loans you’re pre-approved for before you apply
At MoneySuperMarket our goal is to provide the best way to find a great loan deal – so comparing with us is quick and easy.
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It’s quick and easy
See all the loans you’re eligible for in one place. This includes the interest rate you’ll be charged and how much the monthly repayments will be, plus your chances of being accepted
It won’t harm your credit score
We’ll run a ‘soft search’ on your finances to show you your chances of being accepted for a bad credit loan – without it further damaging your credit rating
Compare from bad credit providers
Once you’ve compared long term loans on offer and decided which one is most suitable, click through to the lender to make your application
What is considered a poor credit score?
The lower your credit score the less likely you are to be accepted for the most competitive deals and low interest rates on loans, credit cards and mortgages.
MoneySuperMarket’s credit monitor service uses TransUnion, which is one of the three main credit reference agencies alongside Experian and Equifax. Transunion scores range from 0 to 710 and anything lower than 550 is considered a low credit rating.
Check your credit score and get free tips on how to improve it with our free credit monitor tool. You can check your rating as often as you like and it won’t affect your credit rating in any way.
It may still be possible to get a long term loan, even if your credit score is low. But you’re likely to find:
You cannot borrow as much
The interest rate will be higher
There might be less choice of loan deals available
If you have struggled with debts in the past or you have a low credit score because you’ve not borrowed before, then specialist lenders are available. They offer a range of loans for bad credit, but expect interest rates to be high compared to standard loans. Another option to consider might be guarantor loans or secured loans.
Taking out a long term loan with bad credit is not a decision to take lightly. There are pros and cons to consider.
Spreading a loan over a long term can make monthly repayments more affordable
The right deal could help you consolidate other debts
Repaying the loan responsibly shows you can handle credit and could improve your credit score
You might face high interest rates and not be able to borrow as much as you would like
A long term loan usually means you’ll pay more interest overall - so it’s more expensive
If you cannot keep up with repayments you could further damage your credit rating. If your loan is secured your home could be at risk
When you apply for a loan, it’s not always clear what deal you’ll be offered or whether you’ll be accepted. But when you’re pre-approved for a loan, you know the deal you see is the deal you’ll get – you’ll know where you stand, with information that will help you make the right choice.
When you’re pre-approved, the
loan amount, duration and interest
rate are all confirmed
When you know what you’ll be able to
borrow and how much it will cost, you
can choose a loan that’s right for you
This helps protect your credit score as
you’re less likely to be rejected when
you apply
We’re here to help find the right bad credit loan for you, tailoring the results to your specific situation
Tell us a little about yourself, your finances and what you’re looking for. For secured loans register yourself as a homeowner in the search.
We’ll compare deals from our leading panel of loan providers to find ones that suit you from across the market.
You’ll be able to sort long term loans through overall cost and your chances of being accepted. Then you can click through to your chosen provider.
APR stands for annual percentage rate, and it essentially means the interest rate at which you’ll pay back the long term loan. It includes the main interest rate of the loan, but also takes any other fees and charges into account so you get a better picture of the loan’s overall cost.
When you see a Representative APR advertised on a loan, it means this rate must be offered to at least 51% of all applicants. You won’t be guaranteed to get this rate yourself, as this will be based on your personal circumstances and credit score.
A soft search is a check on your finances to see your chances of getting a loan – without it affecting your credit report.
The soft search should reveal loans that you’re likely to be accepted for, so when you complete the full application you’ve every chance of being successful.
There are some simple steps you can take which can have a quick impact on your credit score. These include registering on the electoral roll and checking your credit file to see if there are any errors that can be corrected. Other ways to improve your credit score take longer, but can help you borrow at lower interest rates in the future. Our guide on how to improve your credit score should help.
The most you can borrow will depend on your personal financial situation, your credit score and the policy of individual lenders. Generally, the better your credit score the more you’ll be able to borrow, but if you have a steady and reliable income and low overheads you might be able to borrow more even with a bad credit score. Specialist lenders are available who can offer loans to those with poor credit.
How to secure the best card or loan deal in a lending squeeze
Can you get a loan without a credit check?
Need a loan in a hurry? Make sure you're fully informed with our guide to emergency loans
If you’ve struggled with bad credit in the past but need money quickly, you may be worried about being rejected for a loan. Our guide covers how short term loans work and if you can get one with a low credit score... If you need money quickly but are worried you’ll be turned down for borrowing, our guide might be able to help
Being able to get money quickly with few credit checks may seem appealing to potential borrowers, but with high interest rates and the amount you can borrow being capped, they won’t be for everyone. Our guide covers how quick payout loans work and what you need to know
Is there a way of guaranteeing a successful loan application? If not, how do you maximise your chances of being approved? Our guide explains
A bridge loan can be a good solution for short-term borrowing. Our guide covers how bridge loans work so you can decide if they’re the right choice for you
Secured loans can be a way to borrow more, by using your home (or other valuable asset) as security. Understand how secured loans work in our guide with pros and cons to consider.
Secured loans can be a way to borrow more, by using your home (or other valuable asset) as security. Understand how secured loans work in our guide with pros and cons to consider.
The cheapest loan is not always the one with the lowest monthly repayments. Find out more with this guide.
Personal contract purchase plans, otherwise known as PCP have become a popular alternative to buying a car outright. Our guide covers how PCP works, to help you decide if it’s the right financing option for you
HP is a form of car finance where you pay a deposit and monthly instalments for a fixed term before you own the vehicle. Our guide explains more
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