Good Credit Loans from £50 up to £5000^†

If you’ve got a good credit score, you might wonder what loan options are available. Below, we’re talking you through what good credit loans are, the types of loans you can apply for, how to apply for one and more.

• What is a good credit loan?
• What is a good credit score for a loan?
• Do I qualify for a loan for good credit?
• Do you get better interest rates with a good credit score?
• What are the types of loans for good credit?
• How much can I borrow with good credit?
• Can I get refused a loan with a good credit score?
• Can I get a good credit loan without a credit check?
• What are the best loans for good credit?
• How do I get a loan with good credit?
• Why choose ThisLender?
• Where do I go for help if I’m in financial difficulty?

What is a good credit loan?

A good credit loan is a loan for borrowers with good credit. With good credit, you have a better chance of securing the best loan deals and more lenders to choose from, and your interest rates could be much lower.

If you haven’t got a good credit score, don’t worry. We work alongside plenty of lenders offering good short term loans for bad credit.

What is a good credit score for a loan?

According to Experian, your credit score is ‘good’ if it falls within 881 and 960 and ‘average’ if it’s between 721 and 880. If your credit score is lower than this, there are many ways you can improve it to increase your chances of getting accepted for a loan. Here are 10 ways you can improve your credit score.

Please note that while one lender might not accept your credit score, another lender might. Lender criteria vary, so don’t let your credit score stop you from applying for short-term finance.

Do I qualify for a loan for good credit?

Lending criteria vary, but usually, if you meet the basic criteria below, you could qualify for a good credit loan.

• You’re aged 18+
• You have a good credit score
• You live at a UK address
• You have a steady income paid into a UK bank account
• You have a UK bank account and debt card

If you meet the above criteria, you can apply for a good credit loan today.

Do you get better interest rates with a good credit score?

Yes, having a good credit score can help you access better interest rates on loans and credit cards, making borrowing cheaper. You’ll also have more choice when it comes to lenders willing to lend to you if you have good credit.

What are the types of loans for good credit?

You can get both unsecured and secured personal loans with good credit. Which one is best for you depends on your circumstances. We explain both types below:

Unsecured Loans for Good Credit

An unsecured personal loan means that your assets are safe — you do not need collateral to secure your loan.

An unsecured loan, however, poses much less risk for the borrower but significantly more risk for the lender. This means your interest rates could be higher, and you can’t access as much cash.

Secured Loans for Good Credit

A secured personal loan is secured with a personal asset, such as your house or car. If you fail to make repayments, the lender can seize your asset.

A secured loan is less risky for the lender, which means you could access better interest rates and high loan amounts. If you’re confident you can make repayments, a secured loan could be a good option.

How much can I borrow with good credit?

At ThisLender, we can help you access loans from £50 to £5,000^† with flexible repayment options from three to 36 months. Of course, how much you can borrow will depend on your financial circumstances. If you can comfortably afford to repay the loan, there’s a good chance the lender will accept your application.

Can I get refused a loan with a good credit score?

It’s still possible to be refused a loan, even if you have a good credit score. This is because the lender carries out affordability checks, and if they think you can’t comfortably afford to repay the loan, they can refuse to lend.

To get accepted for a loan, you might have to adjust how much money you want to borrow.

Can I get a good credit loan without a credit check?

No, all UK lenders will carry out a credit check regardless of the type of loan you’re applying for. This is because they have a duty to lend responsibly to consumers, as set out by the Financial Conduct Authority (FCA).

What are the best loans for good credit?

There isn’t one single best loan for good credit. Instead, the best loan for you will depend on your circumstances and personal needs. We recommend comparing lenders so that you can choose the best good credit loan for your needs.

How do I get a loan with good credit?

You can apply for a good credit loan in two ways: through a direct lender’s website or through a free broker like us. We help you find a loan offer by matching you with a suitable lender on our panel. This means you don't waste hours applying to direct lenders who wont be able to help you.

Why choose ThisLender?

As a broker, that means our online loan matching service is 100% free for you to use. We can help you access flexible repayment options for short-term finance between £50 and £5,000 from our panel of UK trusted direct lenders.

• Online loan matching service: You don’t have to spend hours on end searching, we do our best to find a suitable lender direct from our panel in minutes.
• Free, no-obligation loan quotes: Receive your quote and decide whether you’d like to proceed or not.
• Applying wont affect your credit score: ThisLender will not perform a credit check, but our lenders will perform a soft credit check that will not leave a visible footprint on your credit file. A hard credit check will only be performed once you’ve accepted the lender’s quote and proceed with the loan application.
• Flexible repayment options: We have lenders that offer loan repayments over three to 36 months.
• Authorised and regulated: We are regulated by the Financial Conduct Authority (FCA) and so are our lenders, which means we adhere to strict lending standards.

Where do I go for help if I’m in financial difficulty?

If you are having financial difficulties or need to speak to someone regarding your financial situation before applying for a loan you can get free and confidential advice from MoneyHelper (formerly The Money Advice Service), National Debtline or debt charity StepChange.