Loans for Bad Credit

Bad credit score? Poor credit history? That's OK! With our specialized bad-credit loan product, people with all credit scores can get up to €1,500 online. If you can afford the loan repayments comfortably, your chances of approval are super high.
Representative example: borrow €700 for 6 months. 1st monthly repayment of €168.45, 4 monthly repayments of €224.60, last monthly repayment of €112.20. Total repayment €1,179.05. Interest rate p.a. (fixed) 3.00%. Representative rate 3.74%. All our loans are available for 2 to 360 months - rates between 3.58% rate and a maximum rate of 2%.

Have bad credit but need a loan?

All credit scores considered
You can apply for a loan regardless of your credit score. Join 1000’s of happy customers who have received a loan from us with a less than perfect credit score.
Easy & flexible repayments
Repay your loan in easy installments that suit your budget. Repay early and save money too!

Loans for Poor Credit

Bad credit loans in general
About Unykredit’s bad credit loans
About credit scores
Using a direct lender vs a credit broker
Staying financially safe with a Unykredit bad credit loan

What are bad credit loans?

Bad credit loans are unsecured personal loans or payday loans for people with very poor credit

Luckily, even if you have very bad credit, there are lenders who will lend to you if you can prove you have good income, such as from a job or benefits. Just be aware that you may be asked to provide copies of your bank statements or payment slips. Even if you’re looking for loans for unemployed and are receiving benefits, you can apply today for bad credit finance with – no guarantor necessary.

What is a soft search loan?

Lenders might use soft searches on your credit file to offer you pre-approved credit offers or allow you to check your eligibility for a certain credit product without impacting your credit history.

However, once you complete an actual credit application, lenders perform a “hard” credit search. Hard searches entail a more thorough review of your credit profile and does leave an imprint on your file. Hard searches can potentially affect your credit score, especially if the search is from a creditor for a loan or from credit cards applications.

Use our bad credit loan calculator to figure out the cost of borrowing

Borrowing money with fair credit or bad credit can be more expensive, so it’s important to understand exactly how much it will cost you before you sign on the dotted line.

Our free bad credit loan calculator does all the work for you – simply enter the amount you wish to borrow, how long you need to borrow the money, and we’ll give you all the figures:


Loans for bad credit from a direct lender

Unykredit is a fully authorised bad credit loan direct lender operating .


How to apply for our bad credit loans

Loans for bad credit with no guarantor

At Unykredit, we believe that everyone should be able to access loans for poor credit even with no guarantor.

Bad credit loans online with instant decision

What our customers say
A really good money lender, I got the money within a few hours of applying and they were so easy to communicate with. Would absolutely recommend if you need money quickly. Also, I have bad credit and that was no problem with them.
Emily, May 2021,
Quick replying, quick payment, the most easiest web site to use and keep track of your loan. Always advised you to make small payments when you can to keep interest down. 5 star from me
Mr Craig W, May 2021
With having a low credit score I wasnt holding out much hope of being accepting by Unykredit. So when my application went through to a review I anticipated the usual rejections. However I was pleasantly surprised to be accepted with a 500 loan. Definitely helped me during a bad time and will definitely use them again if needs be. The app is basic and easy to use and my money was in the bank within an hour of applying. No brainer
Sharona, December 2020,
Zero hassle accepted me with bad credit file got me out of a right financial muddle thank you so much
Anonymous, July 2020
Why choose Unykredit for your bad credit loan?

How fast can I get a loan for bad credit?

If you need an urgent loan for bad credit, you can apply with Unykredit and get your money funded to your bank account within 1 hour*, if approved. The application form is simple and quick to complete. Most people submit the form within 2-3 minutes. Once completed you will get an instant decision. Unykredit are here for you, to get you your bad credit loan asap!

Can I get a cheap loan for bad credit?

Low rate loans with bad credit can be hard to find because poor credit loans often come with higher interest rates. The good news is that Unykredit offers lower interest loans for bad credit than many lenders on the market. We believe in giving everyone a fair chance to obtain credit at reasonable rates, even if you have a lower credit score.

Why is it better to get a bad credit loan from a direct lender?

Here are some of the pros of getting a loan from a direct lender:
  • You get the loan from the lender directly without any other party involved.
  • Have any queries? Ask your lender directly.
  • You won’t pay any broker fees.
  • A direct lender will ensure that your details will be kept secure.

What are my alternatives if I have poor credit?

If you need a loan quickly, and you’re worried about your poor credit score, online loans are not the only loan available. Here are some other types of loans you can apply for:
  • Personal – Obtainable from banks, have a lower price range but may be harder to get approved for.
  • Guarantor – Much easier to get approved for and are cheaper, but the application process is a bit longer and more tedious.
  • Secured – Similar to guarantor loans, these are cheaper and easier to get approved for with bad credit but the risks are higher in cases of default.

We always encourage you to explore all your loan options before signing any credit agreement. In some cases, Unykredit’s loans may be an excellent option for you.

Can I apply for an instalment loan for bad credit from a direct lender only?

Instalment loans allow you to repay your bad credit loan over a few months, giving you more flexibility when it comes to repaying your loan. At Unykredit, we provide instalment loans that can be paid back over a 3 – 9 month period. So, if you’re looking to apply for a bad credit instalment loan from a direct up to €5000 today, we can help. Our straightforward application form ensures a hassle-free process, and if approved, we’ll deposit the money to your account within an hour*.

Am I eligible to get a loan with bad credit if I am on benefits?

You can apply for a loan with bad credit from Unykredit, if you meet the following criteria:

  • Have a bank account
  • Above the age of 18
  • Have a steady source of income – this can includes benefits

If the only income you get is from benefits, you won’t be able to apply for a loan with us. Instead, find out if you’re eligible for additional benefits. You can read our full guide to the benefits system here.

If you do get a salary but just have additional income from various benefits, you can apply for a loan with Unykredit. We might ask you for proof of your benefit payments, so keep that in mind.

If you’re unemployed or living on benefits and you’re struggling to pay for essentials, please do not apply for a payday loan. Instead:

As a trustworthy direct lender, we want to make sure that you can afford the loan before funding it. Therefore, we will also base your bad credit loan eligibility on an affordability assessment. As long as you meet our affordability and eligibility criteria, you don’t need a bad credit loan eligibility checker to see if you qualify for our poor credit loans.

Can I get loans for bad credit without using a credit broker?

Definitely! Unykredit is a leading direct lender who offers bad credit loans with no brokers involved. As long as we see that you can afford the loan repayments we will happily approve your application, even if you have very poor credit. Join thousands of happy customers who have borrowed a loan from us even with a bad credit history.

Can getting bad credit finance improve my credit rating?

Yes! In contrast to what most people think, getting bad credit finance can improve your credit score if you show you can pay back your loan on time. These loans are often called credit-builder loans. Paying off your loan at the right time will improve your credit score.

Should I try to build up my credit rating before applying?

If you’re not in a rush, you should first look at your credit score and try to improve your credit report. You can get a credit report from different credit reference agencies. Once your credit history has improved, you may be accepted for a personal loan, which has lower interest rates. If you still finding yourself needing a loan, you can apply here with Unykredit! Having a bad credit history does not change the speed in which we will fund your loan!

Can I get a bad credit loan with guaranteed approval and no guarantor from a direct lender?

If you are looking for a loan with guaranteed approval, it’s because you are worried about getting rejected because of your poor credit. However, guaranteed loans are not recommended because the lender doesn’t perform credit checks and definitely does not care about your financial safety. The good news is that we are a trusted direct lender that offers loans directly for all types of credit scores, even with very bad credit, and we will never ask you for a guarantor. Beat that!

Where can I get help with my application form?

Need some help completing your application form or just want to chat about your loan with us? Unykredit are always here for you! Our customer service representatives are available for you via phone, email.