Bad credit? Let’s see if we can find you a loan

  • Aro is a credit broker, not a lender
  • See if you have options in as little as two minutes
  • Check your eligibility without harming your credit score
Secured homeowner loans with Aro

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

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.

Opportunities, even when you have low credit

Having a low credit score can feel like a real mountain to overcome when it comes to borrowing. Thankfully, we work with a huge variety of lenders, and many of them specialise in helping people out of that very situation.

Tell us a bit about yourself and the finance you’re looking for

We’ll quickly search over 50 UK lenders to find you options

See personalised credit offers, tailored to you

Answers at your fingertips

Is Aro a credit broker or a lender?

Aro is a credit broker, not a lender. This means that when you check your loan, credit card or car finance options through us, we use smart decisioning to quickly check your details against our lenders’ eligibility criteria and find you suitable borrowing options.

Can I get a loan with bad credit?

This very much depends on your individual circumstances. When it comes to personal loans, lenders will look at your credit score to decide whether to offer you a loan and determine your interest rate. Generally if you have bad credit, you will be charged a higher interest rate.

If a personal loan isn’t an option for you, you may still be able to consider:

Although your credit history does play a big part in your eligibility for finance, there are other factors that a lender will consider, such as your income, expenses, the size of the loan you are looking for, how much debt you already have and your homeowner status.

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

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.

Can I get a homeowner loan with bad credit?

Yes, it is possible to get a homeowner loan with bad credit. This is because lenders secure the loan will against your home, adding an extra layer of security for the lender.

With a homeowner loan, you can borrow from £10,000 to £500,000+ and spread the cost over 1 to 30 years.

Bad credit homeowner loan considerations

That said, you should think carefully before securing finance against your home. If you are unable to repay your loan, as a last resort your lender could repossess your property to recover their funds. To be eligible for a homeowner loan, you’ll need to be a homeowner with equity in your home.

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

Second-charge mortgages 14.26% APRC Representative (variable). Representative example (if you choose to add fees to the loan): assumed borrowing of £25,000 over 7 years, plus a broker fee of £2,850 and lender fee of £367.50 would result in monthly repayments of £509.96, the borrowing rate is 12.78%, the APRC is 14.26% (variable), total charge for credit would be £14,619.14 and the total amount payable would be £42,836.64. Aro is a credit broker and not a lender. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

If you would like to learn about what gives you a bad credit score, check out our blogs, guides and FAQs.

What happens when I check my eligibility?

When you check your loan options through us, we run a soft credit check. This doesn’t affect your credit score in any way and is not recorded on your credit file.

When you check your eligibility, we try to show you as much information as possible after just a soft search, including real rates and your chance of approval.

Not sure what we mean by real rates? Check out our guide, What are real rates?

If you are eligible for finance, you’ll then see your loan options. If you decide to apply for a loan, your chosen lender may then run a hard credit check. This type of credit check is recorded on your credit file.

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 moneyhelper.org.uk

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.

Can a credit card improve my credit score?

Yes: with a credit card, your credit score can go up. But only if you make at least the minimum repayment on your credit card each month. As a result of that, it’s possible that your credit score would ultimately improve over time.

Check your finance options in minutes


Aro is a trading name of Freedom Finance Limited who are authorised and regulated by the Financial Conduct Authority. We are registered at: Atlantic House, Atlas Business Park, Simonsway, Manchester, M22 5PR. Registered in England & Wales 06297533. VAT Registration Number 257 0001 44.

Aro acts as a Credit Broker not a Lender. If you take out or are introduced to a loan or credit card provider, we will receive payment from that lender; the payment we receive, may vary dependant on the lender, yet it will not impact the amount you pay back to the lender. We will also receive payment from the lender If you take out or are introduced to a mortgage broker for the purposes of first and second charge mortgage products. The amount we receive, may vary dependant on the lender, yet it will not impact the amount you pay back to the lender. In addition, we also work with credit brokers and other service providers such as debt solution firms, and as such we will also receive payment should we introduce you to any of these.

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