Good Credit Loans

Good Credit Loans


489.4% APR

Representative Example: On an assumed loan amount of £750 over 12 months. Rate of interest 191.2% (fixed). Total repayment amount £1726.68 and total interest is £976.68. 12 monthly payments of £143.89. My Financial Broker is a broker, not a lender*.

* As a broker, we are unable to ascertain exactly how many customers take out a loan or the lender’s rate of interest particular to that customer, therefore our calculation is based on the mean APR of our panel of lenders.


If you have a good credit score, My Financial Broker can help you get the best rates and terms for your personal loan. We have numerous partner lenders in the UK who can offer loans starting from £100. You can apply for up to £2,000, which can be repaid over up to 24 months.

Good credit loans are reserved for people who have better than average credit scores – and as a way of rewarding you for maintaining a strong credit profile, you are usually entitled to the lowest rates on the market.

Our entire loan application is completed online, and shouldn’t take more than 5 minutes. You can receive an instant decision from the lender that suits your loan requirements. We run a soft credit check on your credit file, so applying will not impact your credit score in any way. To get started, simply click on the apply now button below.

What Are The Features Of Good Credit Loans?

There are a number of advantages when it comes to applying for a good credit loan. We’ve listed some of the main benefits below:

Higher Acceptance

For someone with a good credit rating, you are deemed a lower risk of defaulting or missing your repayments. Whilst most direct lenders in the UK have a minimum credit rating requirement, having a good score is likely to help you proceed with the application and get the finance that you need.

Better Rates

Good credit loans will typically have the lowest rates on the market, because the lender feels more confident that you will repay your loan on time. There are some loans where the rate is fixed regardless of your credit score, such as online payday loans for bad credit. However, for unsecured or personal loans, you may receive a rate as low as 2.9% APR.

Fast Approval

Having a good credit history will often mean your application can be processed much faster. This is because lenders use a high credit score as a huge indicator of trust, and are likely to fast track your application. Most lenders in the UK that are FCA regulated will typically run credit checks and require proof of income. However, customers with good credit are usually prioritised because they are the types of customers that lenders want.

No Guarantors Needed

You will typically not require a guarantor or collateral if you have a good credit history. This is because you can apply based on your creditworthiness, and do not have to rely on the support of someone else or a valuable asset. This can be useful since you will have less people involved in the application process, and do not need permission or the involvement of others. We do also offer loans without guarantors for people with bad credit.

What is a Good Credit Score?

A good credit score is one that is above average. You will have a limited number of defaults and missed payments for products such as credit cards, utility bills, mobile phones and loans.

Credit ratings are determined by the three main credit reference agencies in the UK: Call Credit, Equifax and Experian. Lenders are able to access this information in real-time when a customer applies for a loan. Your score is something that is always being updated, based on your credit performance. So if you miss repayments for everyday bills and credit cards, your score will fall. But if you can repay your credit commitments on time, your score will improve or remain strong.

Each credit agency has a different range of scoring and the higher the score, the better.

  • For Experian, a good credit is score at between 700 or 999
  • For Equifax, a good credit score is between 420 to 700
  • For TransUnion, a good credit score is between 566 to 710

How to Apply For a Good Credit Loan With My Financial Broker

To get started, simply click on the apply now button below and you will be taken to our online application form. We have spent over 25 years building relationships with some of the UK’s most reputable lenders. Our technology will successfully match your requirements to the lender with the best rates and the one mostly like to approve your loan. There are no fees for applying and your information will not be passed onto any other third parties without your consent.