No Guarantor Loans

£100 - £5,000 paid out in 20 minutes

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Representative Example: Rates from 35.9% APR to max 1304% APR. Minimum Loan Length is 3 months. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 3 months. Total amount repayable is £411.63 in 3 monthly instalments of £137.21. Interest charged is £161.63, annual interest rate of 292% (fixed). Representative 1192% APR (variable).

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When you approach mainstream lending institutions for a loan, borrowing money without a first-rate credit history could mean you’re asked to have a guarantor. But many people don’t want someone to act as their guarantor and others simply don’t have someone they can ask. Thankfully there is a solution to this, and that is to search for a no guarantor loan. No guarantor loans are a form of short-term borrowing that can be approved without the backing of another person. If you’ve not heard the term before, you could be wondering what a guarantor is and why are they needed? A guarantor is someone who takes responsibility for another person’s loan. In effect they guarantee that the loan will be repaid by themselves if the borrower fails to meet the agreed terms. Usually, a guarantor is someone close to you, like a family member who knows you well and trusts you. It is a lot to ask, and not everyone wants another person to do that for them. This is where no guarantor loans come in – they enable short term loans to be issued to independent individuals.

What are no guarantor loans?

A no guarantor loan is one that you are fully responsible for. No one else is contractually obliged to make repayments on your behalf if you fail to pay up. This gives you financial independence, but it could also mean that the APR is higher than with a guaranteed loan. In some cases, you could find a loan that does not come with a higher APR, it all depends on the lender and your circumstances. The amount you can borrow and the payment terms will differ from person to person. Many of the lenders we work with won’t charge a high interest rate for no guarantor loans, they are more flexible in their approach to lending than mainstream institutions. They will look at your ability to pay back the money and give you a decision within the same day.

Can I get a bad credit loan with no guarantor?

It is possible to get a no guarantor loan even with a bad credit history. We work with a range of lenders who look past a person’s credit history. Instead, they use a different and fairer approach when assessing eligibility. By focussing on your current circumstances, such as your employment status and other financial commitments, rather than referring to past information, lenders are offering to approve loans without a guarantor. That includes people with short or bad credit histories and even people with CCJs in some circumstances. To find a company to lend you the amount of money you require, simply complete our short application form and the lenders we work with will give you an answer almost immediately. After that, the whole process is straightforward and easy to complete online. It’s quick, simple and easy to do.

Who can be considered for a no guarantor loan?

No guarantor loans can be used to help a variety of people. These loans are ideal for anyone looking to borrow money for all kinds of reasons. For people with healthy credit ratings, they are cost effective and easy to understand. If you have had some financial issues in the past and cannot offer a high credit score, don’t worry as there are companies who are open to your application. We work with a broad range of lenders and they are more flexible and accommodating than most of the high streets banks. They are willing to look past the occasional late payment issue or even a CCJ.

Is a no guarantor loan the right one?

We understand that sorting out a guarantor when you urgently need cash makes things more stressful. Asking someone to take on the responsibility of backing your loan application is not easy to do. That’s why we are happy to consider no guarantor loans. Your application is presented to interested lenders who will let you know very quickly if you’ve been approved or not. This type of loan is right for you if you can provide your employment details and don’t mind paying a little more for the quick loan. It’s a straightforward way of having access to emergency money for the things you need. A no guarantor loan can be paid back over several months which makes repayments more affordable. Spreading the cost like this puts less strain on your finances, so this could mean it’s the right fit for your circumstances.

Compare Lenders

LenderAvailable AmountsLoan DurationRepresentative APR
Lending Stream£50 to £1,500Up to 6 months1333%
Oakam£100 to £5003, 6 or 12 months1421%
Buffa£100 to £10003-6 months1124%
Loans 2 Go£250 to £100018 months1013.3%
MyJar£100 to £20003, 6 or 12 months1081%


If no guarantor loans are new to you, there might be a few questions you’d like answering. We have put together a list of FAQs here to help.

How much can I borrow with a no guarantor loan?

This kind of short term loan falls within the same guidelines as similar loans. You can apply to borrow from as little as £100, and the most considered is £5000. The higher amounts are not always approved, so think carefully about how much you actually need to borrow before applying.

Will a no guarantor loan need a credit check?

Your situation will need to be checked to establish your ability to repay the money. That said, the initial application process only involves a soft credit check – these won’t leave a trail on your credit score but they will give the lenders we work with enough information to make an initial decision.

What do I need to apply for a no guarantor loan?

All we need to know is that you’re over 18, live in the UK and have current employment. We’ll ask for your address, bank account details and details of your job.

How long before I get the money?

Once you have been approved for the loan, your money can be transferred into your bank account the same day. Complete the simple online application to see if you are eligible for a no guarantor loan. There is no obligation to continue with the loan if you change your mind. You could have the cash you need in no time.