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Personal Loans for Bad Credit

Every now and again you may need a little extra help to pay for unexpected bills or to cover emergency costs. If this sounds like you, our personal loans might be the answer.

You can apply online to borrow between £100 and £1,000 from Dot Dot Loans with repayment periods of 3 to 9 months, depending on how much you choose to borrow. There's no complicated application form and you don't even need to leave your own home.

And because we look at more than just your credit score, we also offer unsecured personal loans for bad credit in the UK. Read on to find out how our online personal loans work and whether one could be right for you.

What are personal loans?

Personal loans can be a straightforward way to get the money that you need. You will borrow a set amount of money and repay it, plus interest, in regular instalments over the time frame agreed with your lender. For a short-term personal loan, this could be several months up to one year.

You generally don't need to secure the loan against anything that you own, so your application will be supported by your financial situation instead. That's why personal loans are often referred to as unsecured or instalment loans.

With a personal loan from Dot Dot Loans, you could apply online in minutes and have the money in your bank account the same day. Other lenders might turn you down due to a less-than-perfect credit history, but we can offer personal loans for poor credit in some situations too.

What can I use a personal loan for?

Whilst money from a mortgage must be used to pay for a house and money from car finance has be used to purchase a car, a personal loan has more flexibility. They can be used for a variety of purposes.

Perhaps you've been hit with an unexpected bill or several have arrived at once. In that case, our personal loans can help you to cover things like:

  • Car repairs, services and MOTs.
  • Home maintenance bills, such as repairs to boilers, dishwashers, fridges etc.
  • Sudden costs including insurance premiums or medical bills.

You can also use our personal loans for bad credit for a range of emergency situations. Whatever your motivation for borrowing money, an online personal loan from Dot Dot Loans might be able to help.

How do personal loans from Dot Dot Loans work?

With an unsecured personal loan for bad credit from Dot Dot Loans, you don't need to find a guarantor or offer your home or other valuables as security for your loan.

Our short-term calculator will show you an illustrative breakdown of the costs for each of our loans. These costs will never increase either as we don't believe in charging extra for late or missed payments.

If you choose to apply for one of our online personal loans for bad credit, you'll get a quick initial decision which won't impact your credit file. We will only carry out a 'hard' credit search, which will leave a mark on your credit file which other lenders can see, if we make you a loan offer and you accept this.

Our short-term personal loans range from £100 to £1000 with fixed repayment terms of between 3 and 9 months.

We fund approved loans every hour, 24/7. It's that simple.

Short term loan

Representative Example

Borrow £250 over 3 months with monthly repayment of £133.65 Total amount payable £400.95. Interest rate 284.76% p.a. (fixed). 1228.67% APR Representative.

Do you offer personal loans for bad credit?

If you have a less than perfect credit history, you may be able to get an unsecured loan for bad credit from Dot Dot Loans.

As a responsible lender, we carry out credit and affordability checks on every applicant to try to make sure each loan is affordable. We will check your income and outgoings to see if the repayments will be manageable.

So if you're one of those looking for personal loans for people with bad credit, it’s good to know a poor score won't automatically rule you out.

Why choose Dot Dot Loans?

Applying for a loan isn't a financial commitment that should be taken lightly. There are plenty of personal instalment lenders offering loans, so it's important you find the right one for you.

Here are five reasons to feel confident about applying for one of our personal instalment loans:

  • We're approachable: Dot Dot Loans is an unsecured bad credit loan direct lender rather than a broker, so you'll always know who you're dealing with.
  • We're quick: You can apply online in minutes could have your loan the same day depending on how much you want to borrow.
  • We're flexible: Choose from short-term repayment options of 3 – 9 months to suit you.
  • We're transparent: There's no extra fees or charges. The amount we agree on upfront will never increase.
  • We're fair: You can repay your loan early and there'll be no additional costs. You may even be entitled to an interest rebate, which means you could get some money back.

And if you’re searching far and wide for direct lenders for bad credit personal loans, remember we don’t just look at your credit score. With no guarantor needed either, we make borrowing money simple.

Don't just take our word for it though. We have been rated as 'excellent' by our customers on the independent review website Trustpilot.

How do I know if I'm eligible for a personal loan?

You can apply for one of our personal loans today if:

  • You're over 18 years of age for a short-term loan
  • You live in the UK and can give address details
  • You're currently working or receive benefits
  • You've got a valid email address and phone number
  • You can give us bank account and debit card details

We'll also look at your credit history and finances before making our decision. We look at your situation as a whole, so you could still get an unsecured loan for poor credit if we judge that you can afford the repayments.

How much can I borrow?

A short-term loan allows you to borrow between £100 and £1,000 over a period of three, six or nine months.

How do the repayments work?

The repayment periods on our personal loans for UK residents with poor credit depend on how much you borrow. Our £100 to £1000 loans can be repaid over a 3, 6 or 9-month period. You can use our loan calculators to compare how your monthly repayments could work out.

We collect repayments automatically each month on the agreed date by Direct Debit to save you having to contact us to pay. You can keep track of your repayments through the customer portal.

If your circumstances change and you think you may fall behind or miss a payment, please get in touch with us. Our team will walk you through your options and try to come up with an alternative plan.

We will never charge you for late or missed payments, however they could affect your credit score making it harder for you to gain credit in the future. So please contact us as soon as possible.

Are there any extra fees to worry about?

We never charge any extra fees or charges on our personal instalment loans. Some unsecured loan direct lenders may add charges for missed payments or repaying your loan early, but we don't think it should be that way.

The cost of your online personal loan will be agreed up front and will never increase.

What's the interest rate?

The interest rate on your personal loan from Dot Dot Loans will be fixed upfront and will vary depending on how much you choose to borrow.

Some lenders offer variable interest rates where the interest rate can change each month, making it harder for you to budget for your loan, but we don't.

Apply for our personal UK unsecured loans online today

Whether you are looking for a £1000 personal loan, a £100 personal loan or any other amount, Dot Dot Loans might be able to help you out.

To get started with your personal loan application, use our loan calculators. Adjust the loan amount to see how much the repayments should cost and how long they will last. Once you've found the best personal loan for you, select 'Apply now'. You will be taken to our personal loan application form to fill in your details.

Remember, a poor or non-existent credit history doesn’t have to rule you out. You could still get one of our personal loans for bad credit with online approval. If you have any questions, head to our FAQs or contact our friendly team.

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Approved loans are funded every hour 24/7 No hidden fees or costs Less than perfect credit accepted UK based Customer Service Team

Short-term loans: 1228.67% APR Representative