Vanquis review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Vanquis suits UK adults with a poor credit file who want a broker to arrange a personal, consolidation or secured loan. The catch is cost, with a representative example of Representative 48.7% APR against the 12% site median, so treat any offer here as short term borrowing.

Key facts

Best for
Adults with a poor credit file who accept a high fixed rate for money through a broker.
APR
48.7% (Source, checked September 26, 2026)
Loan amount
£1,000 to £25,000 (Source, checked September 26, 2026)
Term
12 to 60 months (Source, checked September 26, 2026)
Arrangement fee
0 GBP (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
Same day (Source, checked September 26, 2026)
Representative example
Representative 48.7% APR (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Broker (Source, checked September 26, 2026)
Eligibility
UK residents aged 18 and over (Source, checked September 26, 2026)
Loan types
Personal, Debt-consolidation, Secured (Source, checked September 26, 2026)
Credit needed
Poor (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
Vanquis Bank Limited (Source, checked September 26, 2026)
Headquarters
United Kingdom (Source, checked September 26, 2026)
Founded
1880 (Source, checked September 26, 2026)
Support channels
Phone, Email, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Features
Same-day funding
Official website
vanquis.co.uk

Apps and profiles

Get the app
Google Play
Elsewhere
WikidataWikipediaTrustpilotLinkedInXfacebook.com

Pros and cons

Pros

  • Free to set up, with the origination fee at 0 GBP on personal, debt consolidation and secured loans
  • Loans of £1,000 to £25,000 over a term of 12 to 60 on fixed rate terms
  • Quick payout, with funding time Same day among the listed features
  • A fixed rate throughout, so fixed payments hold steady across the term

Cons

  • Representative 48.7% APR sits well above the 12% site median
  • A hard credit check (hard) at a lender built for poor credit
  • Direct lending is not among its lender types (broker), so offers come through a broker
Vanquis

Ready to try Vanquis?

Scored 8.8 / 10 by BorrowCue.

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Who it suits

  • UK adults whose credit file is poor and who need a personal or debt consolidation loan
  • Borrowers with home improvement work in mind, which is the stated use case
  • People who want a fixed rate and will pay for speed, with funding time Same day

Who should look elsewhere

  • Anyone with a good credit file: Monzo Flex runs 10% to 23% against Vanquis at 48.7%
  • Borrowers shopping on headline cost: Cashspace ES lists 0% against Vanquis at 48.7%
  • People who want a lender to deal with directly, since Vanquis works as a broker (broker)

How your money is protected

Vanquis is a broker (broker), so an accepted offer comes from a partner rather than from Vanquis itself, and the borrower should check which firm is the lender. The published representative example is Representative 48.7% APR, which is high for the sum borrowed. Vanquis Bank Limited holds a licence with the Prudential Regulation Authority in GB (221156), and that register shows the permission.

How Vanquis compares

Where Vanquis is available

Available
United Kingdom
Licence in United Kingdom
Prudential Regulation Authority (221156), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does Vanquis cost to borrow?+

The representative example is Representative 48.7% APR, which is the headline cost to weigh. The origination fee is free at 0 GBP on personal, debt consolidation and secured loans, so nothing is added to set the loan up. Repayments run at a fixed rate (fixed), which keeps the monthly figure steady.

How much can I borrow and for how long?+

Loans run £1,000 to £25,000 over a term of 12 to 60, so the repayment schedule can be stretched to match a monthly budget. The same range covers personal, debt consolidation and secured lending. Borrowing more than needed costs more at 48.7%, so the size of the loan matters as much as the rate.

How quickly is the money sent?+

Funding time is Same day, so an approved loan can arrive while the day is still running. That suits a bill or a repair that cannot wait, and the rate attached to it is the one shown as Representative 48.7% APR. Speed here costs money, so it is worth checking the rate before accepting.

What credit history do I need?+

The credit needed is poor (poor), which is the group this lender is built around. The credit check is hard (hard), so a decline can leave a mark on the file. A good credit file points to cheaper lenders instead, since the rate here is 48.7%.

Who regulates Vanquis?+

Vanquis Bank Limited holds a GB licence with the Prudential Regulation Authority (221156), so the register confirms its permission to lend. Help runs on phone, email and help centre for anyone who wants to talk an offer through before deciding.

What kinds of loan can I get?+

Personal, debt consolidation and secured loans are all offered under one application, and home improvement is the stated use case for borrowing. A consolidation loan can bring several existing debts into one fixed rate repayment at 48.7%, while a secured loan is offered on the same fixed terms.

How do I reach Vanquis?+

Support runs on phone, email and help centre, so help is available by phone, by email and through a help centre. Phone is the quickest route for a question about an application or a payment date. The representative example, Representative 48.7% APR, is worth reading before starting an application.

Who actually lends the money?+

Vanquis is a broker (broker), so the firm that lends can sit behind the brand name. The entity named on the site is Vanquis Bank Limited, and the register of the Prudential Regulation Authority shows who is licensed to lend in the United Kingdom. Asking for the lender name on any offer is sensible.

Sources

  • vanquis.com checked September 26, 2026

    Backs: Headquarters, Legal entity, Licences

    “registered in England & Wales with company number 02558509, with its registered office at Fairburn House, 5 Godwin Street, Bradford, BD1 2AH”

  • vanquis.com/about-us checked September 26, 2026

    Backs: Founded

    “Our story started back in 1880. The business that became Vanquis was founded in Bradford by Joshua Kelley Waddilove”

  • vanquis.com/contact-us checked September 26, 2026

    Backs: Support channels

    “Email our Loans Enquiries Team”

  • vanquis.com/loans checked September 26, 2026

    Backs: Loan amount, APR, Credit check, Credit needed, Eligibility, Features, Funding time, Lender type, Loan types, Pricing model, Arrangement fee, Rate type, Representative example, Term, Use cases

    “From £1,000 to £25,000”

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Vanquis

Vanquis

Adults with a poor credit file who accept a high fixed rate for money through a broker.

8.8/10See alternatives

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