Subprime Loans

Welcome to our subprime loans page. So what what does the term ‘subprime’ actually mean? Well, it is used in several different industries, but in finance ‘subprime’ refers to loans available to those whose credit history is poor or bad.

Your credit history is determined by the record of how you have used any credit accounts that have been made available to you. Credit accounts are records that show up on your credit file for example contract mobile phones, accounts for your household utility bills, any bank accounts, credit cards or loans. If you’ve never had a credit account, you will fall into the subprime category too. If you’ve made three or more late payments or defaulted on a credit account, then you’ll be classified as a subprime borrower. If a court has passed a County Court Judgment against you at any time within the past six years, you’ll fall within subprime.

For anyone outside of this criteria you’re in the wrong place. Instead visit our good credit loans or fair credit loans pages.

This is an overview of all the different types of loans available to you if you are in the subprime category or if you’ve got bad or poor credit history. It’s important to remember that most of these lenders do have fairly specific criteria, so not all of them are going to be suitable for you.

Guarantor lenders offer from £50 - £7500 and accept those with a bad credit history. If you’ve got someone who’s willing and able to back your loan application then a guarantor loan could be a great option. We’ve included them in the comparison table below and have a page dedicated specifically to guarantor loans here.

Doorstep lenders offer cash loans of up to £500 to new customers regardless of whether you’re prime or subprime, delivered and collected on your doorstep. Doorstep lenders are lenders of last resort so be careful when looking at this option - find out what that means here. We’ve included them in the comparison table below and have a page dedicated specifically to doorstep Lenders here.

If you have your own car that’s free of finance and under 10 years old then a logbook loan is an option. Logbook lenders are lenders of last resort so be careful when looking at this option - find out what that means here. We’ve included them in the comparison table below and have a page dedicated specifically to logbook loans here.

Payday loans are short term loans that are repaid on your next payday. Payday lenders can lend up to £1000 at a cost of around £30 for every £100 borrowed. Payday lenders are also lenders of last resort - find out what that means here. We’ve included them in the comparison table below and have a page dedicated specifically to payday loans here.

If you have valuables you may be able to secure a loan against them. Online pawnbrokers will value your goods and offer you a loan depending on that valuation. Once the loan is repaid you will get your items back. We have a page dedicated specifically to online pawn brokerage here.

If you’re looking for a loan and you’re in the subprime category then I’d strongly recommend checking out your local credit union. We’re not going to feature them on this table as they’ll only lend to you if you’re in their catchment area or work in a profession that they cover. We have a comparison page dedicated to credit unions here and to find your local credit union, use Loan search.

Loan search

£
Rank APR Average Review Min. Loan Amount Max. Loan Amount Min. Loan Term Max. Loan Term APR Average Review Visit Lender
12
42.9% APR
Representative
2.3
Star RatingStar RatingStar RatingStar RatingStar Rating
£1000
£5000
24 months
30 months
42.9% APR
Rep.
2.3
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative Example: borrowing £4000 over 4 years, representative 42.9% APR fixed. Monthly payment £158.90. Annual interest rate 36.24% fixed. Interest payable £3627.20. Total repayable £7627.20.

30
45.4% APR
Representative
Star RatingStar RatingStar RatingStar RatingStar Rating
£500
£5000
12 months
60 months
45.4% APR
Rep.
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative Example: Borrowing £3,000 over 36 months, repaying £140.84 per month, total repayable £5,070.24. Representative 45.4% APR.

34
48% APR
Representative
Star RatingStar RatingStar RatingStar RatingStar Rating
£500
£5000
6 months
60 months
48% APR
Rep.
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative example: based on £500 over 6 months, monthly repayments of £93.28, total amount repayable £559.70. Fixed interest rate of 48% p/annum. Representative APR 48%.

35
69.9% APR
Representative
Star RatingStar RatingStar RatingStar RatingStar Rating
£1000
£3000
36 months
36 months
69.9% APR
Rep.
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative Example: Borrowing £2,000 over 36 months, repaying £113.47 per month, total repayable £4,084.92. Interest rate 45.84% (fixed). Representative 69.9% APR.

1
82.2% APR
Representative
3.9
Star RatingStar RatingStar RatingStar RatingStar Rating
£1000
£1000000
1 month
6 months
82.2% APR
Rep.
3.9
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative Example: Borrowing £5,000 over 6 months, repaying £1,044.13 per month, total repayable £6,262.76. Setup fee £150. Representative 82.2% APR.Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

6
99.7% APR
Representative
2.6
Star RatingStar RatingStar RatingStar RatingStar Rating
£500
£25000
12 months
48 months
99.7% APR
Rep.
2.6
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative Example: Borrowing £1,000 over 12 months, repaying £118.83 per month, total repayable £1,425.96. Interest rate 42.6% (fixed) Representative APR 99.7%

25
190.3% APR
Representative
Star RatingStar RatingStar RatingStar RatingStar Rating
£500
£50000
3 months
36 months
190.3% APR
Rep.
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative Example: Borrowing £1000 over 12 months, repaying £141.67 monthly, total amount repayable £1700.00. Total cost of credit if repaying early £700.00. Representative APR 190.3%Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

29
230.7% APR
Representative
Star RatingStar RatingStar RatingStar RatingStar Rating
£500
£50000
0 months
60 months
230.7% APR
Rep.
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative Example: Borrowing £1,000 over 36 months, repaying £80 per month, total repayable £2,880.00. Interest rate 96.0%. Representative 230.7% APR.Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

26
258.2% APR
Representative
Star RatingStar RatingStar RatingStar RatingStar Rating
£500
£15000
6 months
36 months
258.2% APR
Rep.
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative example: based on £500 over 6 months, monthly repayments of £118.93, total amount repayable £713.60. Representative APR 258.2%. Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

22
279.02% APR
Representative
Star RatingStar RatingStar RatingStar RatingStar Rating
£500
£50000
1 month
18 months
279.02% APR
Rep.
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative Example: Borrowing £1000 over 18 months, repaying £135.56 monthly, total amount repayable £2440. Total cost of credit £1440. Representative APR 279.02Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

24
305.9% APR
Representative
Star RatingStar RatingStar RatingStar RatingStar Rating
£500
£100000
78 weeks
78 weeks
305.9% APR
Rep.
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative example: based on £500 over 78 weeks, weekly repayments of £15.56, total amount repayable £1,213.36. Fixed interest rate of 95% p/annum. Representative APR 305.9%. Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

27
365.1% APR
Representative
Star RatingStar RatingStar RatingStar RatingStar Rating
£30
£1000
3 months
10 months
365.1% APR
Rep.
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative example: based on £100 over 3 months, monthly repayments of £42.83, total amount repayable £128.49. Representative APR 365.1%. Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

33
387.4% APR
Representative
Star RatingStar RatingStar RatingStar RatingStar Rating
£250
£50000
12 months
36 months
387.4% APR
Rep.
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative Example: If you borrow £850 over 18 months at a flat rate of 120% per annum (fixed) with a representative 387.4% APR you will make 18 monthly payments of £132.22 and repay £2379.96. Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

13
399.7% APR
Representative
2.3
Star RatingStar RatingStar RatingStar RatingStar Rating
£150
£600
23 weeks
32 weeks
399.7% APR
Rep.
2.3
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative example: based on £150 over 23 weeks, weekly repayments of £9.26, total amount repayable £212.92. Representative APR 399.7%. Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

31
452% APR
Representative
Star RatingStar RatingStar RatingStar RatingStar Rating
£100
£500
10 days
30 days
452% APR
Rep.
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative example: Borrow £200 for 28 days. The total charge for credit is £28. Interest is fixed at a rate of £28 per £200 loan (182.5% per annum). The total repayable is £228. (452% APR Representative.)Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

17
466.4% APR
Representative
2.2
Star RatingStar RatingStar RatingStar RatingStar Rating
£200
£1000
1 week
34 weeks
466.4% APR
Rep.
2.2
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative Example: Borrowing £1000 over 34 weeks, repaying £50 per week, total repayable £1700. Interest rate 70% (fixed). Representative 466.4% APR (variable)Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

10
469.8% APR
Representative
2.4
Star RatingStar RatingStar RatingStar RatingStar Rating
£100
£1000
34 weeks
50 weeks
469.8% APR
Rep.
2.4
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative Example: Borrowing £1000 over 34 weeks, repaying £50 per week, total repayable £1700. Interest rate 70% (fixed). Representative 466.4% APR (variable)Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

19
498% APR
Representative
1.8
Star RatingStar RatingStar RatingStar RatingStar Rating
£500
£20000
4 weeks
78 weeks
498% APR
Rep.
1.8
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative example: based on £500 over 4 weeks, weekly repayments of £136.12, total amount repayable £544.49. Fixed interest rate of 125.64% p/annum. Representative APR 498%. Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

20
993% APR
Representative
1.8
Star RatingStar RatingStar RatingStar RatingStar Rating
£100
£100
1 day
20 days
993% APR
Rep.
1.8
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative Example: Borrowing £200 over 90 days, repaying £97.06 in3 monthly payments, total repayable £291.18. Interest rate 264% (fixed). Representative 993% APR.Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

2
1081% APR
Representative
3.6
Star RatingStar RatingStar RatingStar RatingStar Rating
£100
£1000
1 day
90 days
1081% APR
Rep.
3.6
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative Example: Borrowing £300 over 90 days, total amount repayable £444.06. Annual interest 292% (variable). Representative 1081% APR. Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

21
1188% APR
Representative
1.7
Star RatingStar RatingStar RatingStar RatingStar Rating
£100
£1000
15 days
150 days
1188% APR
Rep.
1.7
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative Example:£320 borrowed over 2 instalments at an annual interest rate of 245.5% (fixed). Total repayable is £470.56 comprising of 2 equal payments of £235.28. 1188% APR representative. Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

14
1192% APR
Representative
2.2
Star RatingStar RatingStar RatingStar RatingStar Rating
£100
£1000
15 days
150 days
1192% APR
Rep.
2.2
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative Example: £320 borrowed over 2 instalments at an annual interest rate of 245.5% (fixed). Total repayable is £470.56 comprising of 2 equal payments of £235.28 1192% APR representative.Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

9
1196.54% APR
Representative
2.4
Star RatingStar RatingStar RatingStar RatingStar Rating
£100
£1000
1 month
6 months
1196.54% APR
Rep.
2.4
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative Example: Borrowing £150 over 20 days, total repayable £172.61. Representative 1196.54% APR. Interest Rate 275 (fixed)Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

32
1221.5% APR
Representative
Star RatingStar RatingStar RatingStar RatingStar Rating
£50
£750
30 days
30 days
1221.5% APR
Rep.
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative example: Amount of credit: £100 for 30 days. Interest: £24. Interest rate: 288%pa (fixed). One total repayment of: £124. Representative 1221.5% APR. Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

11
1223.6% APR
Representative
2.3
Star RatingStar RatingStar RatingStar RatingStar Rating
£80
£750
21 days
57 days
1223.6% APR
Rep.
2.3
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative Example Borrow £270 for 34 days. Total repayable £343.44 in a single instalment.Total charge for credit £73.44 comprising interest only. interest rate 0.8% per day equating to 292% per annum (fixed). Representative APR 1223.6%Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

5
1269.6% APR
Representative
2.6
Star RatingStar RatingStar RatingStar RatingStar Rating
£100
£1000
3 months
6 months
1269.6% APR
Rep.
2.6
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative Example: The Representative APR is 1,269.6% APR (fixed) so for a £500 loan, duration 5 months, (5 Payments, Payment 1-£220, Payment 2-£196, Payment 3-£172, Payment 4-£148, Payment 5-£124). Rate of interest 0.8% per day, 292% per annum (fixed). Total repayable £860.Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

15
1269.7% APR
Representative
2.2
Star RatingStar RatingStar RatingStar RatingStar Rating
£100
£1000
3 days
34 days
1269.7% APR
Rep.
2.2
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative Example: If you borrowed £200 for 30 days you would repay a single payment of £248.00. Interest is 292% per annum (fixed). Representative 1269.7% APR. Funds are transmitted free of charge.Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

8
1270% APR
Representative
2.4
Star RatingStar RatingStar RatingStar RatingStar Rating
£50
£1500
8 days
90 days
1270% APR
Rep.
2.4
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative Example: Amount of credit: £100 for 30 days. One total repayment of £124.00. Interest: £24.00. Interest rate: 292% pa (fixed). 1270% APR Representative. Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

3
1272% APR
Representative
3.5
Star RatingStar RatingStar RatingStar RatingStar Rating
£50
£1500
1 month
6 months
1272% APR
Rep.
3.5
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative Example: Borrowing £200.00 over 6 months, repaying variable amounts per month, total repayable £391.68. Interest rate 292.0%(Fixed). Representative 1272.0% APR. Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

23
1272% APR
Representative
Star RatingStar RatingStar RatingStar RatingStar Rating
£100
£1000
7 days
30 days
1272% APR
Rep.
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative 1272% APR (variable). Representative example: Amount of credit £300 for 30 days. Total amount repayable £372. Interest £72. Interest rate 292% p.a fixed. Representative 1272% APR (variable).Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

7
1309.2% APR
Representative
2.5
Star RatingStar RatingStar RatingStar RatingStar Rating
£80
£800
7 days
37 days
1309.2% APR
Rep.
2.5
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative Example: Total amount of credit £80, duration of the agreement 27 days, rate of interest 292% per annum (fixed), total amount payable (in one repayment) £97.28. Representative 1309.2% APR.Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

4
1509% APR
Representative
2.9
Star RatingStar RatingStar RatingStar RatingStar Rating
£50
£400
1 day
45 days
1509% APR
Rep.
2.9
Star RatingStar RatingStar RatingStar RatingStar Rating

Amount of credit: £100 for 13 days. Interest rate: 292% pa (fixed). One total repayment of £110.40. Representative 1,509%APR.Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

16
1714.74% APR
Representative
2.2
Star RatingStar RatingStar RatingStar RatingStar Rating
£100
£225
1 day
30 days
1714.74% APR
Rep.
2.2
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative Rate 1714.74 %APR Example: Amount borrowed: £200 Loan length: 3 Months (85 days) Annual rate of interest: 292% fixed Cost of credit: £118 . Total payable over 3 payments: £318Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

18
1717.74% APR
Representative
2
Star RatingStar RatingStar RatingStar RatingStar Rating
£100
£200
1 day
30 days
1717.74% APR
Rep.
2
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative Rate 1714.74 %APR Example:Amount borrowed: £200 Loan length: 3 Months (85 days) Annual rate of interest: 292% fixed Cost of credit: £118. Total payable over 3 payments: £318Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

28
1734% APR
Representative
Star RatingStar RatingStar RatingStar RatingStar Rating
£50
£500
1 day
31 days
1734% APR
Rep.
Star RatingStar RatingStar RatingStar RatingStar Rating

Representative Example: Borrowing £200 over 20 days, repaying £250 in one instalment, total repayable £250. Interest rate 300.0%. Representative 1734.0% APR (variable).Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Subprime Loans

Welcome to our subprime loans page. So what what does the term ‘subprime’ actually mean? Well, it is used in several different industries, but in finance ‘subprime’ refers to loans available to those whose credit history is poor or bad.

Your credit history is determined by the record of how you have used any credit accounts that have been made available to you. Credit accounts are records that show up on your credit file for example contract mobile phones, accounts for your household utility bills, any bank accounts, credit cards or loans. If you’ve never had a credit account, you will fall into the subprime category too. If you’ve made three or more late payments or defaulted on a credit account, then you’ll be classified as a subprime borrower. If a court has passed a County Court Judgment against you at any time within the past six years, you’ll fall within subprime.

For anyone outside of this criteria you’re in the wrong place. Instead visit our good credit loans or fair credit loans pages.

This is an overview of all the different types of loans available to you if you are in the subprime category or if you’ve got bad or poor credit history. It’s important to remember that most of these lenders do have fairly specific criteria, so not all of them are going to be suitable for you.

Guarantor lenders offer from £50 - £7500 and accept those with a bad credit history. If you’ve got someone who’s willing and able to back your loan application then a guarantor loan could be a great option. We’ve included them in the comparison table below and have a page dedicated specifically to guarantor loans here.

Doorstep lenders offer cash loans of up to £500 to new customers regardless of whether you’re prime or subprime, delivered and collected on your doorstep. Doorstep lenders are lenders of last resort so be careful when looking at this option - find out what that means here. We’ve included them in the comparison table below and have a page dedicated specifically to doorstep Lenders here.

If you have your own car that’s free of finance and under 10 years old then a logbook loan is an option. Logbook lenders are lenders of last resort so be careful when looking at this option - find out what that means here. We’ve included them in the comparison table below and have a page dedicated specifically to logbook loans here.

Payday loans are short term loans that are repaid on your next payday. Payday lenders can lend up to £1000 at a cost of around £30 for every £100 borrowed. Payday lenders are also lenders of last resort - find out what that means here. We’ve included them in the comparison table below and have a page dedicated specifically to payday loans here.

If you have valuables you may be able to secure a loan against them. Online pawnbrokers will value your goods and offer you a loan depending on that valuation. Once the loan is repaid you will get your items back. We have a page dedicated specifically to online pawn brokerage here.

If you’re looking for a loan and you’re in the subprime category then I’d strongly recommend checking out your local credit union. We’re not going to feature them on this table as they’ll only lend to you if you’re in their catchment area or work in a profession that they cover. We have a comparison page dedicated to credit unions here and to find your local credit union, use Loan search.

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