Can I get a probate loan with bad credit?

Yes, you can get a Probate Loan with bad credit. This is because Probate Loans are based on the value of the estate or inheritance, not your credit score or financial history.

If you need a probate loan but are worried that bad credit might stop you from securing one, then you’re not alone. The good news is that Probate Loans work very differently from traditional bank loans.

At Provira, we assess Probate Loan applications based on the value of the estate, not on any previous financial history. This means our Probate Loans are a great option for any executors or beneficiaries who may have been turned away by banks or traditional lenders.

To find out more about our Probate Loans, get in touch with the team today.

Can you get a Probate Loan with bad credit in the UK?

Yes. In most cases, bad credit does not stop you from getting a probate loan in the UK.

At Provira, we understand that financial difficulties can happen for many reasons, especially after a loss or major life event. We don’t believe that should ever stand in the way of you accessing money that is rightfully yours.

Unlike personal loans or mortgages, Probate Loans are secured against the estate or your future inheritance. Because you pay them back directly from the estate once probate is complete, your personal credit history is not taken into account.

This means you may still be able to secure a Probate Loan even if you:

• Have a low credit score

• Have defaulted on payments

• Have County Court Judgements (CCJs)

• Are self-employed or currently not working

• Have been declined for loans elsewhere

Provira looks at what is in the estate, not what is on your credit file.

What is a Probate Loan?

A Probate Loan is a type of loan that allows executors or beneficiaries to access money from an estate before probate has finished.

Probate often takes 12 months or longer to complete, and during that time, money is locked away in an estate. This can make it very difficult to pay bills, taxes or expenses, leaving a lot of families looking for a solution.

A Probate Loan bridges that gap by allowing beneficiaries or executors to access part of the estate early, usually within weeks, based purely on the estate value. 

Provira offers two types of Probate Loan:

Inheritance Advance for beneficiaries

An Inheritance Advance is designed for beneficiaries who are due to receive an inheritance once probate is completed, but need the money sooner.

With Provira’s Inheritance Advance, you can:

• Access up to 50% of your inheritance early

• Use the funds however you want

• Avoid credit checks or income assessments

• Pay it back once probate is completed, with no monthly repayments

The advance is paid back to us directly from the estate, so you don’t need to worry about missing any payments.

Our Inheritance Advance is designed to give beneficiaries a bit of breathing space at a time when their finances may feel stretched.

You can read more about Provira’s Inheritance Advance here.

Estate Advance for executors

An Estate Advance is a loan designed to support executors who need money to pay Inheritance Tax and other estate costs before probate has been completed.

Executors are often faced with having to pay:

• Inheritance Tax

• Funeral costs

• Legal and probate fees

• Property repairs or maintenance

• Ongoing household bills

Inheritance Tax usually has to be paid before probate is granted, which can leave executors in a very difficult position.

An Estate Advance allows them to access up to 50% of the net estate value, meaning these costs can be covered without using personal savings or taking on personal debt.

More details are available on Provira’s Estate Advance page.

Why credit checks are not needed for Probate Loans

In short, the reason why specialist lenders do not look at credit checks for probate loans is because the loan is secured against the estate, not the borrower.

With a regular loan, a bank or lender might want security in exchange for the money. This could be in the form of a property, business or savings account.

With a Probate Loan, the loan is secured against the estate, not personal assets. This means that paying it back doesn’t rely on income or savings; it’s guaranteed once probate is complete, making it lower-risk.

Because of this, the borrower’s credit history is not important. 

How much can you borrow with a Probate Loan?

How much you can borrow with a Probate Loan depends on whether you are a beneficiary or executor.

As an executor, you can access up to 50% of the net value of the whole estate.

As a beneficiary, you can access up to 50% of your share of the inheritance. 

Because this is calculated as a percentage of the estate or inheritance, Provira tends to assess how much you can borrow based on:

• The value of estate assets, such as property

• Any estate liabilities that need to be paid for

• Your legal entitlement under the will or intestacy rules

Do you pay back Probate Loans monthly?

No. Probate Loans do not need to be paid back monthly. 

With Provira, the loan is only paid back once the estate has been through probate and the money is released. There are no early repayment fees and we charge simple interest, not compound interest, so you never have to worry about paying interest on interest. 

Our terms include:

• Arrangement fee of 1-2%, added to the loan

• Interest of around 1.5-2% per month

• No hidden charges

• No early repayment fees

• No set deadlines for paying back the loan

At Provira, we know that probate can be an emotional time, so our Probate Loans are designed to remove any pressure and avoid adding stress to an already emotional time.

Why choose Provira for a Probate Loan if you have bad credit?

At Provira, we understand that this can be a difficult time. If you have recently lost someone close to you, dealing with finances may feel overwhelming. Understanding probate, dealing with Inheritance Tax and trying to navigate it all with certainty can be tricky.

Our role is to make this part of the process feel a little lighter.

Provira is:

• FCA authorised 

• A specialist probate lender, not a general bank

• Experienced in supporting families during probate

• Clear, transparent and fair in pricing

• Focused on people, not credit scores

Most importantly, Provira understands that probate is not just about money, it’s about stability, timing and peace of mind.

If you are a beneficiary or executor waiting on probate, Provira’s Probate Loans, Inheritance Advance, and Estate Advances are designed to help you get through this period with clarity, care and confidence.

To find out more, get in touch with the team today.