Savvy

Savvy loans is a good alternative finance product for people with poor credit. They provide online, unsecured instalment personal loans which are not secured by any assets, and which do not require you to have a guarantor.

Loans terms can be 12, 15, 18 and 24 months, with rates from 92.4% APR to 344.2% APR.

Interest rates offered on a Savvy loan will be based on your personal circumstances and how much you’re looking to borrow. This means that the total charge of credit may change dependant on the information you provide. See what you're eligible for today by using our moneymatcher tool. 

Once the loan is in effect, you can choose to repay it at any time before the agreed date. There are no early payment penalties for doing this. You will be charged up to 58 days interest. If you miss or make late repayments, Savvy will share this information with credit reference agencies, which may impact your credit rating.

To apply for a Savvy loan, you will need to provide your employer information, bank, debit card details and details of your income and expenditure to assess your affordability. They will also ask for three years of address history and you must be at least 18 years old and a UK resident.

Check your eligibility with moneymatcher today

As with all loans, there are minimum monthly payments.

Reasons to apply for a Savvy loan

• Loan terms from 12 to 24 months
• Borrow up to £3,000
• No early repayment penalties
• CCJs and poor credit are not an issue
• Online decision made within minutes (subject to affordability and creditworthiness checks)
• Transparent lending, nothing is hidden

Compare personal loans for bad credit today

Warning: Late repayment can cause you serious money problems. For help, go to The Money Advice Service.