If you’re specifically looking for loans without guarantor online, then we have many great options for you. With loans available between £1,000 and £20,000, you’ll be able to find no guarantor loans in the UK that work perfectly for you. With our easy online application, in just 3 minutes we’ll show you lenders who can provide the best no guarantor loans. For fast loans no guarantor online, click apply now. We’ll show you the most suitable loans for bad credit no guarantor that work for you.
Loans for Bad Credit No Guarantor
Here at Personal Loans Now, we’re happy to help you if you currently have bad credit and need credit fast. Having a bad credit score doesn’t mean we cannot offer you quick loans no guarantor borrowing. We consider your full affordability and credit score when assessing your application. We understand not everyone has a perfect credit score. This is why we look at your current financial situation in general when processing your loan approval. Having bad credit can mean we’re only able to offer you a smaller amount, up to £7,500. Having a better credit score will enable you to borrow an increased amount. Anything higher than this when applying for loans with no guarantor could mean looking at alternative options. Options such as our Guarantor Loans, can help you get the larger funds you need. If you’re ready to start your application for bad credit loans without guarantor, click apply now today!
What are Loans Without Guarantor?
No guarantor loans are similar to personal loans in that they don’t require anyone to co-sign the loan agreement. This means the loan will be in your details only, having full responsibility for repayments. To have the highest chance of being accepted for loans without guarantor, your credit score will need to be good. However, you can still be accepted for no guarantor loans even with a poor credit history. If you’re approved for instant loans with no guarantor, you can be funded the money into your bank account on the very same day. This depends on if your application is approved during regular working hours (9-5). This way, you’ll be able to avoid using doorstep loans or other means that may not have your best interests.
What Are the Benefits of Loans Without Guarantor?
There are many advantages to having loans without guarantor compared to guarantor loans. These include:
- Quick Application – get a decision within just 3 minutes
- Fully Online Approval – no need to wait for paperwork to be sent
- Low Rate APR – because you have the means to afford, you can enjoy better rates of interest
- Get an Instant Decision – All our lenders provide a decision online instantly
What Do I Need to be Eligible for No Guarantor Loans?
To be eligible to apply for loans for bad credit no guarantor, you’ll need to meet the following requirements:
- You are aged 18 years or older
- Are a current UK resident
- Have a valid bank account
- Have a source of regular income
If you can meet the above, then we can look to help with lending no guarantor loans today. After clicking apply now, we work quickly to provide a personalised table of offers. Once you have determined your choice of lender, you can then proceed with your application with ease. Our panel of direct lenders can approve your requested no guarantor loans amount, and will then credit your account all with just one application. Whether you need a loan for an upcoming holiday or vehicle purchase, we can help you.
What is the Main Difference Between Loans Without Guarantor & Guarantor Loans?
The biggest difference between these are you do not need someone to co-sign the agreement. Where no guarantor loans are your full responsibility, a guarantor loan has someone jointly responsible. This means if a payment is missed or the loan cannot be fulfilled, the guarantor will be contacted to arrange payment. A guarantor loan may be a good option if your credit rating is poor. This is because the guarantor’s credit score will be considered, meaning a lower risk for a lender. There are many options, such as a credit union loan, so you’ll need to find what works best for your circumstances.
What Happens If My Application Gets a No For Bad Credit No Guarantor?
If we can’t find a lender to accept your application for loans for bad credit no guarantor, this means the risk is too high. There could be a number of reasons for this which you’ll need to address to apply for loans in the future. If you’re in financial difficulty with existing borrowing, this will impact your application. Although we’re happy to help someone with poor credit, we consider your financial position in general. If you applied for other credit or have a large amount of debt, we cannot guarantee your loan will be approved.
Loans Without Guarantor FAQS
How Do Repayments Work with No Guarantor Loans?
During your application, you can select your preferred repayment terms which we’ll try to match. Some lenders may only be able to offer you the amount you want over a shorter or longer-term. So, it is best to check the credit agreement before proceeding with an application. You will need to honour the repayment terms in your credit agreement on time to avoid missing any instalments. This will ensure you do not fall behind or incur any penalty charges during your loan term. If you feel you will miss repayments, please contact the lender at the earliest opportunity to discuss.
Can I Apply for Loans Without Guarantor With No Credit Check?
Since our panel of direct lenders are fully FCA authorised, we cannot lend without a credit check. The reason for this is we need to ensure we are lending to you responsibly. Otherwise, you may fall into financial difficulty. If you find lenders that can provide no guarantor loans without a credit check, we recommend you do not use them. You should find an authorised lender instead, such as those that we can show you. We are committed to responsible lending and want to ensure you are treated fairly throughout your application.
How Can I Be Sure I’m Getting the Best Deal With Loans With No Guarantor?
We are confident we can provide you with the very best rates and terms available for no guarantor loans. We also want to be completely upfront with you about the application process. This is why when you choose to apply through us, we’ll show you the list of lenders who are best placed to help. This is all without affecting your credit score. Before you choose to proceed, you can fully see the terms offered from each lender, including Personal Loans Now. If you choose to not continue, then you’ll have peace of mind that a credit search has not been undertaken. Only once you have chosen to proceed with your chosen lender will a credit search be made. We strongly recommend you check the credit agreement before proceeding with any application for credit.
Do Personal Loans Now Charge Any Fees for Application?
The good news is we charge no brokerage fees for an application of credit, however, some of our lenders may do so. You’ll need to check this when processing your application to ensure there are no hidden surprises added to your loan. All the offers from direct lenders through us will have the information you need upfront. They will inform you of any fees before you are required to proceed with a loan application. If you’re looking for a secured loan, we’ll also inform you of any fees a lender may charge during application.
Is It Safe to Apply Online For Loans Without Guarantor?
Yes, it’s perfectly safe to apply online for loans without guarantor. As a responsible credit broker, only working with FCA authorised lenders, we take your finances and personal details very seriously. This is to ensure all your personal details and information are kept safe. We’ll only connect you with other FCA authorised direct lenders as well, meaning you apply safely at all times. At Personal Loans Now, your customer experience is very important to us. If you have any queries about Loans without Guarantor, please contact us and we’ll be happy to discuss further.
Apply now for personal credit and get an instant decision!