£4,000 loans

With the ability to shop around online for different types of loans, getting rejected by your bank isn’t necessarily a problem as lenders like Finio Loans may be able to give you access to bad credit loans despite a low credit score. We understand that your financial history may not reflect your position now, so when applying for a £4,000 loan with bad credit, lenders will look at your current financial situation and other indicators to decide whether you’ll be able to afford the fixed monthly repayments on the loan.

If you’re worried about being rejected because of your bad credit history, you can check your eligibility with us without affecting your credit score. We do soft search credit checks which mean your credit history won’t be affected at this stage. We do soft search credit checks which means your credit file won’t be affected at this stage. Simply enter a loan amount and term into our online loans calculator with a few of your details to receive your personalised loan quote.

Yes. We offer unsecured loans which mean you neither need to secure your loan against your assets nor need someone else to be a guarantor as part of your application.

Of course, you can use the loan for things like car finance to home improvements, and debt consolidation can often be a good choice depending on your circumstances. However, we encourage you to work out if consolidation loans financially make sense as sometimes spreading the repayments of a larger amount over a longer-term can mean you pay more interest.

As with most loan providers, you’ll need to be over 18, a UK resident, employed and have a bank account and debit card to complete a loan application. In terms of income, you should be able to comfortably afford monthly payments from your regular income - for example, as a guide, £700 per month would be a minimum. We’ll look at your credit history and personal finances before making our decision.

Applying for any loan with Finio Loans is quick and simple and find out if you’re eligible within minutes. After that, once your application goes through the required checks, if you meet the loan approval criteria, we aim to pay your money into your bank account the same day you are approved. During busy times, it may take up to 5 working days.

Your total amount repayable is dependent on how long it takes you to repay the loan and the APR you’re offered which is based on your personal circumstances, amount and repayment period. As an example, if you’re given the representative APR of 39.9% rate and repay regularly over 12 months, your total cost would be £4,776.24, while 24 months would go up to £5,571.36.

APR is the annual percentage rate and important for calculating the cost of money borrowed. Interest rates, fees, how often it’s charged and all other costs contribute to the APR. Representative APR is the APR we’ll offer to at least 51% of people who are accepted - it’s not a guarantee. The remaining customers that are also accepted will be offered a different APR than the one advertised based on individual circumstances.

Please note, the APR offered is based on your personal situation and is dependent on many different factors. As such the APR offered may be different to the representative APR.

Yes, you might. As a lender, we offer our representative APR of 39.9% to a minimum of 51% of customers who are accepted for a loan. If you have bad credit, you may be charged a different rate.

For a £4,000 loan, you can borrow from 12 to 60 months.