Top of the page

Can I Get a Loan Without a Credit Check?

Author: Harry Jones And Facted Checked by : Shanie Capper
Last updated on : 3 August 2023

Everywhere you look in the financial world you see mentions of credit scores and how they impact your ability to get a fast loan online. We understand that this can be disheartening and indeed many banks and financial institutes will only approve loans if you have an impeccable credit score and show that you can make consistent repayments.

So what do you do if your credit score is low? Does that simply mean you can never take out a payday loan for bad credit UK? Luckily not! We appreciate that people can fall on hard times and make the wrong financial decisions. These wrong decisions can have an impact on your credit score. Sound like you? Read on to find out if it’s possible to get a loan without a credit check.

No – The FCA Requires an Assessment for Creditworthiness

Ok, so we promised a solution and this probably isn’t the heading you wanted to read. But don’t worry – we have to explain this part first so you understand how the UK financial system works.

The FCA (Financial Conduct Authority) regulates all financial businesses and schemes in the UK including things like quick quid loans and payday loans. Part of this regulation states that any lender must adequately assess the creditworthiness of the applicant.

They must also assess the affordability of the £200 loan before it can be approved. Basically, by law, payday loan companies must do a credit check.

These regulations are in place to stop predatory practices and from people being approved finance who never have a chance of paying the loan back.

In instances like this, the unfortunate person gets into a black hole of never-ending debt so the FCA wants to protect the vulnerable. This is why they have also introduced caps and default max fees for payday lenders.

But That Doesn’t Mean You Can’t Get a Loan With a Low Credit Score

We have established that credit checks are a legal requirement but the great news is that it is still possible to secure a loan – you just need to use the right companies.

Many financial businesses specialize in “payday loans”. These are online short-term loans typically for smaller amounts of money to help people when they are a little short or need a cash injection to make a one-off purchase.

The application process for online payday loans UK is often much easier than with a bank or mortgage company for example and this includes more-lenient credit checks. Even if you have a low credit score you can usually get approved for a payday loan. So you are fully aware of what these loans entail we have listed their pros and cons below.


  • Quicker application process: Compared to the rigorous and often time-consuming application process at banks and other financial institutes, 12 month payday loans offer a fast and smooth service. The forms are usually easy to complete and you can often get approved for your loan within minutes.
  • More-lenient credit checks: As stated, payday loan companies should still undertake credit checks but they are usually more lenient and you can often get a loan even if you have a low credit


  • Higher interest rates: If you use a payday loan you must be prepared to pay back more. The national average is around 10% at the time of writing this when in comparison you can expect an APR of 43%+ for quick loans.
  • Lower loan amount: Together with the highest interest rate you can usually borrow much less compared to traditional financial institutions. For example, you might be able to borrow as much as £10,000 from a bank whereas payday loans are often a maximum of £1500.

Apply for a Loan Today Regardless of Your Credit Score

We hope you now have a light at the end of the tunnel. As you can, you might be able to secure the money you need even with a low credit score.

The bottom line, credit checks are a legal requirement. No legitimate company should approve a loan without one.

As with any financial decision, please think responsibly. Make sure that you can pay back the money to avoid a potential debt spiral.


Warning: Late repayment of payday loans can cause you serious money problems. For help, go to