Have bad credit but need a loan?
Not with Cashfloat! Our bad credit loans will help solve your short term problems, and are quick and easy to apply for. Whatever your credit score, you deserve to get the money you need. Apply now for up to €1500 and get the money into your bank account within 1 hour*.
Loans for Poor Credit
What are bad credit loans?
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 Unykredit.com – no guarantor necessary.
What is a soft search loan?
A soft search loan uses a soft search credit check to determine your eligibility for borrowing credit. Soft credit checks do not affect your credit score and are invisible to lenders, employers, and companies who may perform credit checks on your report in the future.
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:
- the representative rate on your loan
- each monthly repayment
- the total cost of interest
- your total amount repayable
With Unykredit, there are absolutely no hidden fees, and our loan cost calculator will tell you exactly what to expect. Click here to find out the cost of your loan now!
Loans for bad credit from a direct lender
Many people prefer to obtain a loan for bad credit from direct lenders only – and for good reason too. You want to make sure that your personal information is kept safe, and at the same time you want to know exactly with whom you are obtaining credit. Unykredit is a poor credit loan lender that is both fully GDPR compliant and is registered with The Information Commissioner’s Office.
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Loans for bad credit with no guarantor
Applying for a secured loan for bad credit means you have a higher chance of approval, but if you don’t want to risk collateral with a secured loan, or you’re not interested in co-signing with a guarantor, you’ll need to look for someone who will give you a bad credit loan with no guarantor needed. The good news is that NONE of Unykredit’s products require any kind of collateral, so you can apply for our loans with bad credit and no guarantor today!
Bad credit loans online with instant decision
We know that when you apply for a bad credit loan online from Unykredit, you want to get the money fast. That’s why you will automatically get an instant decision, whether you have good or bad credit. Maybe once bad credit meant that no creditor will lend to you, but now, you can easily apply for bad credit loans online and still get all the benefits that a person with good credit history gets like instant decision, same day funding and 5-star customer service.
Unykredit was founded on fairness and equality. We believe that everybody should have access to the money they need, no matter their credit score. We have flexible loan repayment plans for all of our customers and our easy start option makes it even easier to manage the payments with an extra month interest-free at no additional cost! We’re confident that you can find the right Unykredit loan for bad credit to suit your needs.
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?
- 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?
- 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!