Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk.

Loans Without a Guarantor

If approved, your loan can be sent to you within minutes*

With over 50 direct lenders in our network to compare, we aim to find you the best loan offer available.

  • 100% secure
  • No fees
  • No paperwork

I would like to borrow...

When you search for a loan with us, a soft search will be carried out on your credit file to match you with the most suitable offer. All lenders on our panel are authorised by the FCA and will conduct a hard credit check if you proceed to take out a loan with them.

Representative Example: £400 loan repayable over 39 weeks at £18.96 per week, Rate of interest 113.46% p.a fixed; Representative 498.78% APR, Total amount payable is £739.44.

We're a fully regulated and authorised credit broker and not a lender.

We work with over 50 lenders to help you find the best loan possible.
We never charge you for our service.

Loans without a guarantor are simply normal loans that you are fully liable for. You do not have the security of a guarantor in the event of getting behind on your payments. Any loan that you apply for where a guarantor is not required falls under loans without a guarantor.

This includes personal loans, mortgages, car loans, and payday loans. Some of these loans require a fair to good credit rating to be approved, with some exceptions for borrowers with bad credit depending on the lender.

Can I Get a Loan With Bad Credit and No Guarantor?

Looking for a loan is a lot like shopping for a car. You need to shop around to find the best deal. Having bad credit can make that process a lot more difficult, and can dry up many of your options. There are no absolutes in lending, meaning it is possible to get a bad credit loan without a guarantor, but they could come at a cost. The downsides could be a small loan amount with a high interest rate. These include payday loans for bad credit. Some banks will also approve you if you have the means to pay the money back.

Can I Get a Loan Without a Credit Check?

Unfortunately, you cannot get a loan without a credit check. However, if you have little to no credit or have a bad credit history, you may be looking to get a loan that considers other financial factors.

Some banks and/or lenders such as payday loan companies will consider your income and ability to pay back the loan over your credit rating. Such loans are commonly referred to as bad credit loans.

These types of loans generally come with the downsides of smaller amounts with higher interest rates.

Are Loans Without Guarantor More Expensive Than a Guaranteed Loan?

The cost of any loan is determined by your creditworthiness. Therefore the answer to this question is inconclusive. However, guaranteed loans are mostly given to those who cannot be approved on their own without a guarantor. It is possible that they will be given a higher interest rate than someone with a no guarantor loan.

If you have a low credit score, the cost of your loan expense is going to be higher regardless of whether you have a guarantor or not.

Looking for loans without a guarantor?

We can connect you to a lender in minutes, even if you have bad credit.

Apply Now

What Amount Can I Apply for Without a Guarantor?

The amount you can apply for varies greatly based on your creditworthiness and your ability to pay back a loan. There are several lenders out there, and because of this, there is a wide range of terms that you may be able to get approved for.

If you have no guarantor and your credit history isn’t great, the maximum you’ll be able to be approved for is around £5000, with a decent income. With a higher score, there are some lenders that may approve you on up to £10,000.

What Happens If You Can't Repay a No Guarantor Loan?

The outcome of defaulting on a no guarantor loan versus a guaranteed loan is where the liability lies. When you fail to make the payments and default on guaranteed loans, the lender will turn to your guarantor to pay back the debt on your behalf. Loans with guarantors are, as a consequence, safer for the lender, and come with lower interest rates and better terms. Checking the representative example is always a good indicator and point of comparison of for guarantor loan vs other loans, such as payday loans.

If you default on no guarantor loans, the liability still lies entirely on you. And it can be sent to collections, or the lender can sue you to try and get their money back. Either way, defaulting on your loans can lead to your credit rating decreasing dramatically.

What Happens If I'm a Guarantor?

The process is similar to when you apply for loans for yourself. You’ll have to fill out a guarantor application form with the lender. As well as having your credit score checked and other financial factors looked at.

If approved, you will be liable to make the payments on the loan if the original borrower defaults or is unable to make payments. This can be a risky move and should only be considered if you can afford to take over their debt as if it were your own.

Can I Get a Loan If I'm a Guarantor?

Being the guarantor on someone else's loan does not disqualify you from getting other loans yourself. Keep in mind that you may need to pay back the loan that you are a guarantor for.

You should weigh the risk of paying back their debt if it defaults and your ability to pay for your own loans as well.

Looking for loans without a guarantor?

We can connect you to a lender in minutes, even if you have bad credit.

Apply Now

How Do I Withdraw From Being a Guarantor?

When you take on loans as a guarantor, you should think of it as your own debt. You cannot withdraw from a loan without paying it off or declaring bankruptcy as the primary borrower, and it is the same for the guarantor.

There are certain circumstances where you can be removed from this responsibility. When the guarantor loans are mortgage or auto loans, the primary borrower may refinance under just their name. Usually when they have enough equity or better income. This will remove you as a guarantor for the original loan.

What to look out for when applying for loans no guarantor bad credit?

With any kind of loan application, including bad credit no guarantor loans, you need to make sure your lender or broker can be trusted. Make sure they are authorised and regulated by the financial conduct authority. Check that the interest rate they offer, and what's illustrated in the representative example is reasonable and true to what they advertise. You could even search the lender or broker's name on the financial conduct authority website. The address of their registered office should also be displayed. As a UK citizen looking for a loan with bad credit no guarantor, your best bet is to go for a company registered in England or Scotland.

Final Thoughts...

Bad credit loans with no guarantor are good for people of all credit backgrounds. However, the terms and APR vary dramatically depending on your creditworthiness. Because of the number of lenders today, people with bad credit score can find options to get approved for no guarantor loans, sometimes without a credit history check.

Keep in mind that bad credit loans can be expensive, with high APR and fees. If you aren’t able to get approved for the loan you need with no guarantor, consider looking into guarantor loans, where a qualified guarantor can help.


Looking for loans without a guarantor?

We can connect you to a lender in minutes, even if you have bad credit.

Apply Now