Representative Example: £11,500 over 66 months, 31.9% APR fixed. Monthly payment £343.29 Annual interest rate 28.01% fixed. Interest payable £11,157.14. Total repayable £22,657.14.

Minimum repayment period: 36 months. Maximum repayment period: 120 months. Maximum APR 34.9%.

Can I get an unsecured loan with bad credit?

While having bad credit won’t prevent you from getting a loan, you may find some high street lenders and banks are more reluctant to lend due to the risk.

Specialist unsecured lenders like Norwich Trust manually review each application, meaning even if you’ve had bad credit in the past, you could still be eligible to borrow from us.

Who can get a bad credit personal loan?

Like all lenders, Norwich Trust has some initial criteria applicants must meet before they can apply:

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  • Age

    Aged 21 - 70 (under 71 at the end of the loan term)

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  • Location

    You must be a UK resident and have been living in England, Scotland or Wales.

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  • Employment

    Employed, retired or in receipt of certain benefits with a take-home income of at least £1,300 per month or £1800 if you’re under 30 years of age.

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  • Homeownership

    Be the homeowner of a residential property in England, Scotland or Wales

How much will a bad credit loan cost?

At Norwich Trust, our rates are based on the loan amount, not your credit score. Use our personal loan calculator to see how much a loan with Norwich Trust will cost.

Frequently asked questions about Bad Credit loans

A personal loan is just another name for an unsecured loan. These are the most common type of loan in the UK as they’re accessible to almost everyone.

In order to make an accurate assessment of an application, we need to review your credit history. Having no credit to your name means we’re not able to complete our assessment so, unfortunately your application is likely to be declined.

Yes, you can begin your application by clicking the apply button at the top of this page.
You’ll be asked to fill out some details then you can find out if you meet our lending criteria in just a few minutes.

When you apply for a loan, we’ll need to carry out a credit search to assess your eligibility. This is what is known as a soft search, which won’t have any impact on your credit score, even if your application is declined.

Lenders often base their interest rates on the risk factor of a customer. This means you’re unlikely to get to get a low interest loan if you have a poor credit history.

Consolidating other debts,  is the most common reason people borrow from us.

Our unsecured loans can also be used for home improvements, vehicle purchases, weddings and educational expenses.