Unsecured Loans For Bad Credit

Instant Decision 3 to 60 Month Loans

£100 – £5,000 paid out by 22:54 Today

100% No obligation Loan Quotes

We don’t charge you any fees

Money deposited in 15 minutes 

We don’t perform a credit check*

What are Unsecured loans for bad credit?

Unsecured loans for bad credit are a type of loan which are made available to anyone that needs money now. Most traditional loans like personal loans, car loans and mortgages require the borrower to have some form of collateral to secure against the loan. For instance, if you are taking out a mortgage to buy a house the lender will expect the property to be put up as security against the loan. Of if you are borrowing to buy a car, then the car may be expected to be security for the loan. These types of loans are called “secured loans”. The type of security that the lender expect depends on the lender in question.

With unsecured loans for bad credit there is no expectation for you to put up your home or your car as security.

Some people believe that having bad credit means that they are expected to provide some form of collateral. This is not true, if you do have bad credit there is nothing to stop you from applying for a payday loan.

Can I Apply For a Payday Loan If I Have Bad Credit?

Whether you have bad credit or good credit you can still apply for a payday loan. If you are looking to get money now to address some sudden financial emergency, it can be a worry having bad credit believing that you might be refused a loan. When you submit your application, we will connect your application to a panel of UK direct lenders who specialise bad credit lending and handle thousands of applications from people with all manner of credit scores. They handle applications from people with credit scores ranging from very poor credit to very good credit. Each of these bad credit direct lenders use their own proprietary formulas when examining your circumstances to determine your suitability for a loan. You are more than just your credit score.

All the bad credit direct lenders we connect to are fully authorised and regulated by the UK’s Financial Conduct Authority.

Apply For Your Loan Here

Applying is Free and No-Obligation

Can I Get an Unsecured loans for bad credit with No Credit Check?

This is something which we find many people are asking for along with no credit check loans with guaranteed approval. It is not possible to provide financing in the UK without performing a credit check. It is a legal requirement which every lender that is regulated and authorised by the Financial Conduct Authority is expected to carry out. If you find a direct lender offering no credit check loans, they may not be telling you the entire truth. Always expect a credit check to be performed when you accept a loan offer from a direct lender. Don’t be tempted to put your personal details on websites offering loans with no credit check loans with guaranteed approval.

Annual interest rate of 292% (Fixed)

For example:

£200 borrowed for 35 days

Annual interest rate of 292% (Fixed)

Total amount payable is £256

1212% APR Representative

Loans for People with Poor Credit

Direct lenders today understand that there is a demand from the general public for fast access to emergency cash when trouble strikes. They also understand that not everyone is blessed with a 100% clean credit score. Many times, through no fault of their own people will find themselves in some sort of financial difficulty which has resulted in their credit score taking a bit of a hit.

Direct lenders Cashute connects to believe that no one should be prevented from applying for a payday loan online if they have poor credit. Lenders look at more than just your poor credit score, they will also look at your ability to repay the loan.

What is a Payday Loan Direct Lender?

Direct lenders are firms which process and approve or reject loan applications. When you apply for a payday loan. When you apply via Cashute your application is passed onto a panel of dozens of direct lenders. Our service is free and no obligation. Unlike a broker who may charge you a free to find you the best payday loan we won’t ever charge you a penny to apply for your loan.

What do I need to apply?

Applying for a loan is straightforward and is all online.

Before you start your application have this ready

Details of your regular monthly income and outgoings

Mobile phone number

Valid email address

Home address for the last three years

Your Bank account

Your Debit card information

Woman Applying for short term loan

Fast, Free & Easy No-Obligation Application Process


Choose Loan Amount & Term

Simply chose how much you wish to borrow and over how many months you wish to repay the loan


Fill in the Application form

Fill in our simple application form which takes only a few minutes and then apply for your loan


Receive Your Cash

We send your application to our panel of lenders, once approved you will receive the funds directly to your bank account

Why choose Cashute

Authorised by the Financial Conduct Authority

Fast Online Application

No Payout Fees

No obligation quote

No paperwork

100% UK Based

Very High Acceptance Rates

No Hidden Costs

Does Cashute offer Guaranteed Payday Loans?

The term “guaranteed payday loan” is something which many people search for. As much as lenders would love to be able to approve every application that they receive the reality is that there is a small percentage of applications that will not be approved from a payday loan. As unfortunate as this is direct lenders cannot put themselves nor the borrowers in any financial trouble.

If a lender where to lend money to someone who could not demonstrate to them their ability to repay the loan, then the lender would be putting that person in financial difficultly by lending to them.

The panel of lenders we connect to have very high acceptance rates, they will be able to get you an instant decision for an unsecured loans bad credit in minutes. But please bear in mind that no FCA authorised direct lender can guarantee to approve your loan.

Car Repair

Unexpected Bills

Broken Boiler



Living Expenses

Home Improvements

Over 50 Lenders

No paperwork

Flexible repayment

Instant decision

No Credit Foot Print

Fast Deposits

What Will Happen If I cannot Repay My Loan On Time?

Direct lenders in the UK understand that even the best laid plans are susceptible to being thwarted by unpredictable events. They know that you will be doing your best to make the repayments but if you are not able to make the repayments then it is a good idea to speak to your lender so that they can work with you so you can agree on a more manageable repayment plan.

All reputable direct lenders in the UK will make treating customers fairly one of their highest priorities. The sooner you can contact your lender the quicker they can start working on getting the stress and worry off your shoulders so you can move on with your day.

Will a credit check affect my credit score?

Any time you apply for a loan a credit check will be performed. If your loan application is turned down, it can affect your credit score.

Applying for too many loans in a short space of time will also have a negative affect on your credit score. So, for this reason you will want to limit the number of loan applications you make in any short period of time.

When a lender performs a hard credit check they will see that you have applied for multiple loans and may see this as sign that you rely too heavily on credit to get by.

If you want to ensure that your loan application is accepted, then you want to make sure that you stand the best possible chance in having it approved.

When examining the main reasons for loans being rejected, we see that people entering incorrect addresses or misspelt names. Incorrect details on their application form means that a direct lender would not be able to determine their identity and as such would reject the loan application.

So that you stand the best possible chance in getting your application approved take a moment to go over your details before submitting them, this way you save yourself a lot of time and energy when applying from your unsecured loans for bad credit.

How do I apply for the best payday loan?

To apply a loan is simple. Provided you meet the criteria listed below you can start your application process:

  • 18 years old
  • UK resident
  • Hold a UK bank account
  • Employed with a regular salary (so you can repay the money that you borrow).
  • Bank details to hand

Once completed submit the application form by clicking on the “Apply” button and we’ll find the best match for you. The search will not take long and you’ll have a response in minutes.

When you receive the loan proposal can decide if you wish to proceed with the offer. If you do want to proceed with the loan just apply and the funds will be deposited into your bank account within hours, always remember that you can apply with no obligation even if you have bad credit as many direct lenders support payday loans bad credit.

I am finding handing my debts difficult, what should I do?

If you find yourself in difficulties and are unable to make your repayments, we strongly advise that you contact your creditor immediately, we also recommend that you speak to the companies listed below.


Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk