Low rate loans for bad credit

Compare low rate guarantor loans & borrow upto £15,000

What is a Low Rate Loan for Bad Credit?

Finding yourself in the situation where you need to borrow money can happen to anyone. Even if you have savings there’s always a chance that something unexpected could happen and you find yourself needing cash. Similarly, having low or bad credit doesn’t necessarily mean you’re bad with money, but many loans for bad credit have high rates, making them more difficult to pay off.

A low rate loan for bad credit is a loan that’s specifically designed to allow people with a low credit score obtain a loan that’s not going to cripple them financially. Guarantor loans for bad credit are a good example of these loans. Adding a guarantor gives the lender a reassurance that payments won’t be missed and, as a result, they can keep their rates lower.

Low Rate Guarantor Lenders

At Guarantor Loans we can help you compare loans from a number of lenders to find the best low rate loan for bad credit for you. We’ve broken down representative examples from each of our partner lenders below.

TFS Loans

Loan Value Available£1,000 to £15,000

Loan Length1 to 5 years

Representative APR39.9%

Minimum Age18

TSF Loans are strong believers that a credit score should not be a barrier to borrowing, and that your relationships are more important.

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1Plus1 Loans

Loan Value Available£500 to £10,000

Loan Length1 to 5 years

Representative APR47.8%

Minimum Age18

1Plus1 Loans take time to understand each borrower’s unique financial situation and aim to keep their loans affordable with low rates.

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UK Credit

Loan Value Available£1,500 to £12,500

Loan Length1.5 to 5 years

Representative APR47.9%

Minimum Age18

They specialise in loans for home improvement, weddings, automotive finance, cosmetic surgery and debt consolidation. UK Credit offers a number of flexible finance packages for paying back the loans.

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Trust Two Loans

Loan Value Available£1,000 to £8,000

Loan Length1 to 5 years

Representative APR49.5%

Minimum Age18

TrustTwo offer seven different types of loan, whether you’re after debt consolidation or a loan for bad credit. They take the time to understand your situation.

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George Banco Loans

Loan Value Available£500 to £10,000

Loan Length1 to 5 years

Representative APR49.7%

Minimum Age18

George Banco specialises in loans for those with bad credit, or other credit problems. They want to help those who are normally blocked out by traditional lenders.

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Bamboo Loans

Loan Value Available£1,000 to £8,000

Loan Length1 to 5 years

Representative APR49.7%

Minimum Age18

Bamboo Loans are an award winning direct lender, meaning they handle your loan application from start to finish.

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Buddy Loans

Loan Value Available£1,000 to £10,000

Loan Length1 to 5 years

Representative APR49.9%

Minimum Age18

Focusing on five different areas, including bad credit, car finance, debt consolidation, business and wedding loans you’ll find innovation at the core of Buddy Loans offering.

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Amigo Loans

Loan Value Available£500 to £10,000

Loan Length1 to 5 years

Representative APR49.9%

Minimum Age18

Another award winning lender, Amigo Loans are focused on helping people rebuild their credit score through their range of loans.

View Amigo Loans

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Low rate guarantor loans for any purpose

There are a number of situations that could call for a low rate low. These aren’t limited to people with good credit. Many people with either a bad credit score or no credit history may find themselves needing to borrow money. A few of the reasons people may need a low rate loan for bad credit include:

  • Business Loans – Having a bad credit score isn’t a barrier to a good idea. While your savings should be your first port of call, a guarantor loan with a low rate may be your best option if high street banks won’t lend to you.
  • Self Employed Loans – Some high street banks are reluctant to lend to those who are self employed. A guarantor loan can open up a loan as an option for a self employed individual and potentially keep rates lower than other types of loan available.
  • Wedding Loans – Weddings are increasingly expensive, and everyone deserves to celebrate their big day in the way they want. While we’d always recommend using your own savings, a guarantor loan can help you afford any unexpected big wedding expenses and pay them off in an affordable way.
  • Holiday Loans – While savings are best used for holidays, being able to spread out the costs can be incredibly useful. A guarantor loan can allow you to go on that special trip and pay it off in chunks.
  • Home Improvement Loans – Home improvements can be costly and you don’t always have the luxury of being able to wait until you’ve saved enough money, especially if it’s essential work or repairs. A guarantor loan can allow you to make the improvements you need, even if you have bad credit.
  • Car Loans – Cars are an essential part of many people’s lives. Allowing them to work or access important facilities. They’re also expensive, which can make paying for them from your own savings difficult. A car loan can make the cost of buying a new car, or having repairs made more manageable, even if your credit score is poor.
  • Debt Consolidation Loans – A debt consolidation loan allows you to move all of your debts into one place and pay them off over time through that account. A guarantor loan can allow you to do this and keep the rates as low as possible, potentially saving you money you’d have lost if they weren’t combined.

Compare & apply for a guarantor loan

Guarantor loans are an excellent opportunity for those with a bad credit history to still obtain a loan. They also allow borrowers to access lower rates than other loans that may be available to them. With this in mind, you can compare guarantor loans using the tool on our home page.

Once you’ve compared guarantor loans we can help you with your application and you can apply for a guarantor loan through us with one of our trusted lenders. We’re here to help you find low rate loans for bad credit so that you can get the money you need.