Subprime loans, also known as subprime mortgage loans, are generally offered to people who do not qualify for prime (best) rate loans. Sub-prime is a reference to the actual borrower, for example a subprime borrower is one who has a bad credit rating and is therefore seen as a potential risk by lenders. A subprime loan varies from lender to lender so ensure that you know what rate a particular lender is offering. It is important to research the financial market for subprime personal loans, as the competition is high for lenders to offer excellent loan rates, even for loan types such as subprime.

Pros & Cons

• With a competitive financial market you can get a good rate on a subprime loan dependent upon individual lenders.
• A subprime loan is an ideal solution for people who would otherwise be refused a loan due to their credit rating.
• A subprime loan rate will remain higher than other loan types aimed at people with a high credit rating.
• There will be a limited number of subprime loan products to choose from.
• It is essential to consider whether a subprime loan is an affordable option if you cannot afford a secured loan.

If you have been refused a loan or have experienced difficulties due to having a bad credit history then you may qualify for a subprime loan. We have loan lenders who specialise in subprime unsecured loans, loan plans especially designed for people who require finance but cannot find the right loan deal due to a bad credit history. Whether you have defaults, CCJ’s, IVA’s or arrears our comprehensive search ensures you get finance when it is needed most.

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If you require a loan for any purpose and feel that a subprime loan is what you are looking for simply complete our no obligation online application form and we will contact you about a suitable loan plan at a time most convenient for you.