Can I get a loan if I have a low credit score?

Whether or not you can get a loan with a low credit score depends on your personal circumstances and the finance options available to you. For instance, if you’re a homeowner, you may have more borrowing opportunities available.

As lenders may consider you more of a risk to lend to if you have a lower credit score, it’s likely that you’ll be offered a higher APR, or you may not receive a borrowing option at all.

If you have a low credit score because you’ve not borrowed money in the past but have a high amount of disposable income, you may want to consider using Open Banking to show to a lender that you can afford to take out the money you want to borrow.

You can also use our online eligibility checker to find out what options are available to you before applying for any finance. Our eligibility check won’t affect your credit score. From there, you can decide if you want to take steps to try to improve your credit score before choosing a lender, as this may improve the APRs and options available to you.

Warning: Late repayment can cause you serious money problems. For help go to

36.8% APR Representative (fixed)

Representative example: 36.8% APR Representative based on a loan of £12,500 repayable over 48 months at an interest rate of 36.8% pa (fixed). Monthly repayment of £500.83. Total amount repayable is £24,039.67.