Apply
Complete the online application and provide digital bank statements via Experian’s Affordability Passport.
Review
Our underwriters will review your application, usually within a working day.
Complete
If your application is approved, funds will be released within a working day.
Bad Credit Loan Criteria
Age
Aged 21 - 70 (under 71 at the end of the loan term)
Location
You must have been a UK resident for at least the last two years.
Employment
You’ll need to have monthly income after tax of at least £1,300 or £1,800 if you’re under 30 years of age to be eligible.
Homeownership
Applicants must own a residential property in the UK. This includes shared ownership and buy to let properties, properties purchased using help to buy, as well as those owned outright. You must be named on the deeds of the property to be classed as a homeowner.
| Is this loan right for me? - A Norwich Trust loan may be suitable if you are a UK homeowner looking for an unsecured fixed-rate loan and can afford the monthly repayments for the full term. It may not be suitable if you are struggling with essential bills, already missing repayments, or if extending borrowing would increase the total cost of credit in a way that is not affordable to you. If you have experienced recent defaults, missed payments or CCJs, eligibility will depend on your individual circumstances and affordability assessment. |
Bad Credit Loan Uses
We offer loans for many purposes including...
Debt Consolidation
Home Improvements
Vehicle Purchase
Wedding Costs
Who are Norwich Trust?
We are a trusted UK direct lender based in Norwich, Norfolk, who provide unsecured homeowner loans. We help homeowners across the UK access affordable finance without securing the loan against their property. Norwich Trust was incorporated in 2020 and we began lending under the Norwich Trust brand in 2024. As part of the Norfolk Capital Group, we benefit from more than 30 years of experience supporting people who may have been declined by high street lenders or have less-than-perfect credit. We are proud to have an Excellent Trustpilot rating, reflecting our commitment to outstanding customer service and positive customer experiences.
Whether you're looking to consolidate existing debts into one manageable monthly payment, fund a home improvement project, cover unexpected expenses, or achieve other financial goals, our experienced team is committed to finding a solution that works for your circumstances and we aim to get a decision to you within a working day. At Norwich Trust, we believe borrowing should be straightforward, transparent, and focused on achieving positive customer outcomes. We take the time to understand your individual needs, providing clear guidance throughout the application process, ensuring every loan is both responsible and affordable.
Our mission is to make unsecured homeowner loans accessible to those who need them most, helping customers across the UK move forward with confidence, even when traditional lenders have said no.
Frequently asked questions about Bad Credit loans
Yes. Norwich Trust reviews each application individually, so past credit issues such as CCJs, defaults, or missed payments do not automatically prevent approval.
Norwich Trust offers bad credit loans from £3,000 to £25,000, subject to affordability and eligibility requirements.
The amount you may be able to borrow will depend on your individual circumstances, including your income, existing financial commitments and overall affordability.
Our interest rates range from 25.9% to 29.9% APR and are fixed for the whole of the loan term. The APR is based on the loan amount, so what you see is what you get.
Norwich Trust offers loan repayment terms ranging from 3 to 10 years, depending on the amount you borrow and your individual circumstances.
A longer repayment term can help reduce your monthly repayments by spreading the cost of borrowing over a longer period. However, borrowing over a longer term may increase the total amount repayable as interest is charged for longer.
All applications are subject to affordability and eligibility requirements.
Yes. A bad credit loan can combine multiple debts into a single monthly repayment, making it easier to manage your finances. Debt consolidation may also help reduce overall interest costs if you qualify for a lower rate.
We cannot offer loans to borrowers who are currently bankrupt or have been declared bankrupt in the past 3 years. Loans are also not available to anyone currently in, or who has been part of, an IVA, DMP, or Trust Deed within the last 12 months.
Yes. You can repay your loan in full at any time. However, there will be an early settlement fee which is usually around 2 months interest. Norwich Trust also allows customers to make up to three times their monthly instalment in overpayments each month.
We do a soft credit search when we check your eligibility which won't affect your credit score and won't appear if other firms do a credit search. If your loan is approved, the search will become a "hard search", at which point it will appear on your credit file and may affect your credit score.
Content maintained by: Abbey Nichols-Henderson | Last reviewed: 13/10/2026