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The Answer To Your Cash Needs

Representative 277.5% APR

Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed).
The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances

Non-payment could have a negative impact on your credit rating and have increased charges and interest rates.

The Great Things About KnightFinance

Super Fast Process

You could get money directly into your account after just a 15 minutes application.

Affordable Finance

Get the cash you need without the usual high costs, because of our wide range of lenders.

Low Interest Rates

Compare lenders to make sure that you get the lowest possible rates.

Unsecured loans

There’s no need to put any collateral against your credit, all our loans are unsecured.

Personal Loans that are Unsecured

It is so easy to get the finance you need today. Here at KnightFinance we pride ourselves on finding the right payment plan to suit anyone’s individual needs. Whether you are looking to borrow a small amount over a short period or are looking for much larger finance agreement we are able to help. Also known as personal loans or signature loans, unsecured loans are becoming a massively popular alternative to the standard bank loan. What unsecured refers to is how the finance is issued depending on the individual’s creditworthiness. Now when that comes to a bank loan, yes this is regarding your credit score, often making it difficult to get the finance you need. However, when we are talking about a loan that is not from a bank this is not the case. Many companies and lenders will not look at your credit score and will gauge your ability to repay on your current employment. So what is an unsecured loan really? This is quite an easy one, all it means is that the loan is not guaranteed by a property or vehicle. Because the lender does not have a source of collateral, just in case you default on payments for whatever reason, the interest for these loans can sometimes be higher than their counterparts. For those with bad credit, though, they are perfect for getting you back on track.

As a full time student working two jobs to get the bills paid and still being skint all the time, having a short term loan between pay days can be useful. Used Knight Finance after a recommendation from a friend and I’m glad I did. Borrowed just under £200 and paid £212 back, no where near the interest I would have paid elsewhere. Will definitely recommend if you’re strapped for cash and know you can pay it back.

Photo taken by Jonathan Chen

Alexia Newton

Support Worker

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£200 - £1,100
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1 - 4 Months
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£100 - £2,000
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Cash Lenders for Bad Credit

If you need some funds but have trouble getting a loan because of bad credit, trust me you are not alone. Hundreds or probably thousands of people with bad credit search the internet for immediate credit solutions.

While getting a loan with bad credit can be a bit tough, it is not impossible to find good lenders for bad credit. What is important is that you have a steady income. Just be sure that you can afford the repayments, so you won’t drag yourself to a deeper financial trouble.

Loans from Lenders for Bad Credit
Loans from lenders for bad credit are in small amounts, unsecured type of loans that you can borrow just enough to settle urgent payables and expenditures. Payday loans are sometimes associated with payday cash loans, installment loans, guarantor loans, flexible loans, and bank loans.

Cash loans as unsecured loans means that you don’t need to have them secured against any of your personal assets. The most common examples of a secured loan are mortgage and car loans. With a mortgage, your house could be at risk if you default on the loan. Same with a car loan with the vehicle as the collateral.

The Importance of Finding The Right Lenders for Bad Credit

Way back several years ago, it was fairly common to acquire loans from everywhere on the streets, but today most borrowers are increasingly surfing online to find the best deals on loans. You’ll find most cash loans available conveniently from online lenders for bad credit. You can take out cash loans from these lenders anytime as quickly as you need them.

You just fill out a direct lender loans for installment bad credit application form on the lender’s website and submit it as soon as you finish the application form. Once approved, the funds are transferred directly into your checking account in a few hours or within the day. In just less than 24 hours, you can get funds thanks to same day cash loans.

The Importance of Finding The Right Lenders for Bad Credit

Lenders for bad credit allow you to borrow cash and used for any personal reason. However, you must keep in mind that these loans are best used for a urgent financial distress. Otherwise, you might be buried with more debts because of your low rate bad credit. You can apply for these cash loans to help you with urgent appliance and car repairs, dental works or medical bill, urgent trips, and other important necessities.

However, relying solely on cash loans for your regular expenses or use it for thoughtless spending only would only make your financial difficulties worse. Cash loans are intended as short-term monetary assistance for any financial distress when your paycheck is still a couple of weeks away or is not enough to cover an emergency expense.

Taking out Loans from Lenders for Bad Credit

Loans offered by lenders for bad credit work just like any other kinds of loan. Online cash loan applications would only take minutes of your time. The money lender will then assess you, and you’ll get a response in minutes. Lenders mostly do a number of evaluations before approving your application for cash loans. This means they will see if you are trustworthy enough to be able to make payments within the specified period.

The cash loans you applied for will dictate the repayment terms of the loan. Some cash loans have term loans for over three to six months or even a year. Once you have decided to acquire a loan, you need to pay all corresponding fees and interest as quickly in two to four weeks. In most cases, you would be paying one lump sum at the end of the month. Choosing installment cash loans, you have the luxury of paying the loan amount in a series of payments convenient for you.

A number of cash loan money lenders charge extra fees, if a payment was not made, and some charge service fees. Reach out to your lender to know more about the fees you need to pay before applying for a loan. Take note that when you pay back the loan, you will be paying not only the amount you borrowed, it would also include interest rates and extra fees that apply.

Lenders may have different criteria for approving loan applications. However, the general requirements include being 18 years of age or more, a resident of the United Kingdom, employed or having some form of income for a minimum of £750. That is after tax has been deducted from your initial earnings.

Lenders for Bad Credit

There are lenders that allows borrowers with bad credit to apply for a loan. These lenders have connections with credit agencies that runs the credit checks to determine the borrower’s creditworthiness. The credit ratings indicate the borrower’s credit history. However, do not be discouraged if your credit is below the recommended levels. The FCA requires all money lending firms to perform a credit check. Having poor credit doesn’t automatically mean that you cannot make payments on time. There is still a good chance you’ll get approved for a loan as long as the lender determines your capability to pay back the loan.

Cash Loans Regulations

Strict regulations were placed to regulate money lenders on how they process cash loan applications. The goal was to ensure that borrowers are provided a secure and safe way to acquire funds. The FCA mandated these rules to ensure that interest rates and other charges do not overburden borrowers and place them in a vicious debt cycle.

Key Points

Choose responsible lenders for bad credit who implement FCA regulations. Furthermore, be extra careful when choosing online cash loan applications, as there are many scams and fraud. Check out the lender’s website and read its terms and conditions, as well as its customer reviews.

Choose a lender who is transparent with the fees and loan features. Some lenders charge application fee, service fee, late payment fee, and default fee. So, make sure you are aware of all the charges involved. Some lenders also encourage borrowers to pay early. However, while some lenders do not charge early settlement fee, some lenders charge a certain fee plus interest.

Most lenders for bad credit you’ll find online would approve or reject applications quickly. This way, you can acquire the money you need quickly if approved or seek elsewhere if declined. Lenders for bad credit let you borrow money for emergency and thus, they need a fast or instant feedback as possible. Choose a lender that offers efficient loan services. There should be no hassle or unnecessary paperwork for these types of loans.

Why You Should Find The Most Reliable Lenders for Bad Credit

5 most recent personal loan reviews

Review of Colonial Second Charge Loans

I love CSC loans I have been with them nearly three years, need a top up as my son is getting married. They where brilliant as usual, no problems, done so quick - they were my life savers when needed most, thank you.

Review posted by Mary Hartnoll, Canterbury

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Together

As guarantor for my daughters, loan the service we got was quick and efficient, did checks, asked questions and all was sorted very quickly, would definitely recommend Together loans to all.

Review posted by Susan Mills, Darlington

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Shawbrook Bank

Brilliant service. The application process was a doddle, the Shawbrook representative who called me was polite, understanding and cheerful. The whole thing (from starting the application process to receiving the money) took around 3 or 4 hours. Very quick and efficient and no long or silly forms to fill out. Just what was necessary. Am very pleased I chose Shawbrook.

Review posted by John Marcus, Surrey

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money
All reviews have been sourced from the UK Trust Pilot to certify authenticity.

Representative 277.5% APR

Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed).
The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances

Non-payment could have a negative impact on your credit rating and have increased charges and interest rates.