Norwich Trust

Norwich Trust (formerly known as UK Credit) are a direct personal lender, providing loans for bad credit between £3,000 and £20,000 with repayment periods of one to five years. Their advertised representative APR is 37.9% however this can change depending on the amount you are looking to borrow, the loan term and your personal circumstances.

They don't charge any admin or setup fees, the interest rate you pay is fixed for the entire duration of the loan. You can also overpay to Norwich Trust at any time to reduce interest and shorten your loan repayment period. As with all lenders, you will need to be able to prove that you can afford your monthly repayments.

Applications to Norwich Trust are made on their website, and the process is managed by their in-house call centre. Once you have been accepted, most loans are paid out within 72 hours and will be transferred into your  account. You will have 24/7 access to your account online, and repayments can be made via Direct Debit or debit card.