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Over how many months?

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Representative APR

59.9 %

Total repayable

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( It won’t affect your credit score )

Representative 59.9 % APR

Representative example

Borrowing £2,000 over 24 months at Representative 59.9% APR and Interest rate 59.9% p.a. (fixed) with monthly repayments of £131.05 and a total amount payable of £3,145.20. This example is for illustration purposes only. The rate and / or term you are offered is dependent on your individual circumstances Rates from 39.9% APR to maximum 89.9% APR. Loan terms from 12 to 36 months.

Boiler Loans

If you have bad credit or a poor finance history, you may find that this has acted as a barrier to you receiving the finance that you need, such as if you require boiler repairs or a new boiler and the current boiler quote isn’t manageable without spreading the cost. However, at Likely Loans, we can offer boiler loans as a replacement for boilers on finance or combi boiler finance options, letting you pay monthly.

Our boiler loans range from £500 to £5000. You can also choose from a range of repayment periods, from 12 months to 36 months.

We understand that replacing a boiler is a necessary yet stressful cost so applying for a loan for a new boiler is simple with Likely Loans, and you can complete the process online. Any quote for a boiler loan is obligation free and the soft credit checks won't affect your credit score.

How Do I Apply?

When applying for one of our unsecured personal loans there are three simple steps to follow:

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1. Tell us a little bit about you

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2. Get an instant response

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3. Money next working day

Why Take Out a Boiler Loan with Likely Loans?

  • We're always clear and upfront about rates and repayment options

  • You can pay back your boiler loan early

  • Apply for finance from us and unlike some lenders, we can offer loans from £500

  • We offer online account management and top-up options, putting you in the driving seat

Frequently answered questions

What is a boiler loan?

A boiler loan is designed to cover the cost of a boiler replacement. Replacing an old or broken boiler can be expensive, especially when it’s unexpected, but it’s important for everyone to have their central heating system running through the colder months, so we have options available to help you find a boiler payment plan that suits you.

What are the benefits of a boiler loan?

Choose the right boiler and you could actually save money in the long run by having a replacement boiler installed. Newly bought boilers benefit from warranty cover and availability of replacement parts, making them easier to fix, and are also more likely to be more efficient in energy saving, reducing your energy bills.

Can I get a boiler loan with a bad credit score?

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 Likely 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 you apply for boiler loans with poor 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 having an impact on your credit score. We do soft search credit checks which mean your credit ratings 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.

Can I get an unsecured boiler loan without a guarantor?

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.

Can I get a boiler loan with no credit check?

No. Responsible lending is our priority so we carry out credit checks to make sure we aren’t lending to anyone who can’t afford it.

What is the criteria to get a boiler loan?

As with most loan providers, our lender requirements are that 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.

How long will it take before receiving the boiler loan?

Applying for any loan with Likely Loans is quick and simple and you’ll find out if you are eligible within minutes. After that, you should have your money in your current account by the next working day.

What is an APR?

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 eligible - 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 from the representative APR.

Will I pay a higher rate if I have bad credit?

Yes, you might. As a lender, we offer our representative APR of 59.9% to at least 51% of customers who are accepted for a loan. If you have bad credit, you may be charged a different rate.

What loan repayment terms are available for boiler loans?

For a boiler loan, you have plenty of borrowing options, with £500 to £5000 available for loan periods between 12 to 36 months which you can pay monthly.

Can I top up my boiler loan?

You may be able to top up your loan in the future if you become eligible. You can check your eligibility through your online account.

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Boiler Loans: Get a Quote Online

To apply for a commitment-free quote, you'll need to provide us with a few personal details. You'll receive an instant response on your application with our online quotes, with no obligation to proceed.

We pride ourselves on transparency, and we'll provide you with a breakdown of how much you'll pay each month, as well as the interest rate. If your application is successful, you could have the money in your bank account the next working day, ready for your brand new boiler.

Apply Today for a New Boiler Loan

Apply online for your loan today, or get in contact with our team if you have a question about any of our unsecured personal loans.

( It won’t affect your credit score )

Representative 59.9 % APR