Guaranteed Loans

FCA
Authorised
Loans from
£500 - £25,000
Instant
decision
One application,
many lenders
Bad credit
welcome

Looking for guaranteed loans? You can apply with Personal Loans Now for long term loans of up to £25,000* with and without a guarantor, even if you have bad credit. As a responsible company, we cannot offer you guaranteed approval, but Monevo will do their utmost to help you find the loan you need, fast. With an instant decision and same day payout if approved, we won’t leave you waiting for your money.

Guaranteed loans - Personal Loans Now

Guaranteed Loans for Bad Credit

Personal loans for bad credit are available online. Legal lenders cannot offer guaranteed approval, as loan approval is dependent on an affordability assessment and credit check. However, with Personal Loans Now you have a high chance of approval as many of the lenders that Monevo work with accept applications with bad credit. Bad credit personal loans can be easier to obtain than short term forms of credit. This is because lenders take into account that the longer repayment period makes the repayment easier and more affordable for borrowers.

Personal Loans Now- Guaranteed Loans

Do guaranteed loans for bad credit in the UK exist?

Personal Loans Now- Guaranteed Loans

Can I get guaranteed loans with no credit check?

People with bad credit are usually more likely to be declined for a loan, and are therefore often tempted by a guaranteed approval personal loan for bad credit. However, all lenders must perform a credit check. It is therefore impossible to receive bad credit loans with guaranteed approval online in the UK. Many direct lenders do specialise in bad credit personal loans and can guarantee a higher approval rate. At Personal Loans Now, we will do our best to help you find the right loan, no matter what your credit rating may be, by using Monevo’s panel of lenders.

It is crucial for people with poor credit to understand that FCA-authorised lenders must perform a credit check. Any advertisement of no-credit-check guaranteed approval is to some extent illegal. We work hard to ensure that only trusted direct lenders will get your loan application. Therefore, bad credit loans guaranteed approval is not a valid option. Lenders can never guarantee approval of a loan, especially where there is a problematic credit file. Nevertheless, there are many lenders who offer bad credit loans, and are still legal and fully authorised by the financial conduct authority.

  • High acceptance loans for bad credit
  • FCA regulated lenders
  • Instant decision
  • No application fee
  • Low interest rate (APR)

Breaking the guaranteed loan search myth

To help you with your quest to find the best personal loan rates for you, we put together a list of common terms people use in Google together with a brief explanation of the correspondent credit product.

Search Terms
Explanation

loans bad credit no guarantor

Guaranteed loans - Personal loans now

Some lenders specialise in no-guarantor loans for people with bad credit. Generally speaking, a loan without a guarantee or a guarantor is regarded as an unsecured loan. The lender will instead perform a thorough affordability assessment and credit check to determine if the loan is suitable for you.

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Guaranteed loans - Personal loans now

Unlike no guarantor loans, guaranteed approval is not a legal product in the UK. Lenders are not allowed to market guaranteed loans, especially not to people with bad credit or people on benefits who will, in many cases, be vulnerable customers. It is legal to guarantee a loan against assets or with a guarantor, but you should be very suspicious about lenders offering loans with guaranteed approval.

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Guaranteed loans - Personal loans now

No credit check is a no go! Guaranteed loans with no credit check contain two problems that responsible lenders should be avoiding. The first one is to promise guaranteed loans, and the second one is to offer a loan with no credit check. Be careful. Regardless of your credit file situation, these loans are not legal in the UK.

Instant decision no credit check loans

High acceptance loans with no credit check


Guaranteed Loan Approval

You can get a guaranteed loan from direct lenders today if approved. Guaranteed loans with an instant decision utilise advanced technology to make the borrower’s life a tad easier. They can provide much faster cash directly into the applicant’s bank account upon approval. Still, it is your responsibility to ensure that you avoid loans with a guaranteed approval from illegal lenders. Many legal, FCA authorised lenders will be able to fill your loan requirements.

Personal Loans Now - guaranteed Loans

Can I get personal loans with guaranteed approval in the UK?

Personal Loans Now - guaranteed Loans

How much can I get for loans with guaranteed approval?

One meaning of the term guaranteed loans is a loan with guaranteed approval, no matter what. People often search for guaranteed approval loans online, as these are supposedly easy and quick to obtain, with a simple application process. Or, you may see an advert for car loans with guaranteed approval, for instance. However, according to the UK law, all lenders must perform a credit check prior to approval. Guaranteed approval loans with no credit check are illegal, and we recommend that you avoid any lender claiming to offer them.

While you cannot receive bad credit loans with guaranteed approval from direct lenders who are authorised and regulated by the financial conduct authority, Personal Loans Now have access to Monevo’s large panel of lenders, which increases your chance of approval. The amount you can get depends on the lender, but in general, borrowing with a guarantor allows you to borrow higher sums as there is less risk involved for the lender. At Personal Loans Now, you can apply for loans starting from £500 up to £25,000* both with and without a guarantor.

  • High rate of approval
  • Loans for bad credit
  • Instant decision online
  • No application fee
  • High Acceptance rates

In the UK, people are searching online for two different types of “Guaranteed loans”:

  1. Loans with guaranteed approval
  2. Loans with a guarantor to guarantee the loan

What do each of these mean? Watch the video below for a quick explanation.


Guaranteed loans UK

Another form of guaranteed loans in the UK is a guarantor loan, which is when the loan is, to some extent, guaranteed by a guarantor or against borrower assets. However, even in this case, direct lenders cannot offer guaranteed loans with no credit check.

Personal Loans Now - guaranteed Loans

Are guaranteed guarantor loans available in the UK?

Personal Loans Now - guaranteed Loans

Can I get guaranteed loans for people on benefits in the UK?

A guarantor loan is where someone else, the ‘guarantor’, takes on the responsibility of repaying the loan should the borrower not do so. Understandably, it is often difficult to find a guarantor, therefore many people search specifically for guaranteed loans with no guarantor. Often, it is people with bad credit who are struggling to obtain a loan, and guaranteed loans for bad credit with no guarantor are not always easy to get. At Personal Loans Now, we will never ask for a guarantor, so if you are looking for guaranteed loans with no guarantor for bad credit in the UK, we are happy to help!

Guaranteed loans for people on benefits are also unavailable in the UK, but you can apply for bad credit loans with Personal Loans Now, with a high chance of acceptance. The combination of bad credit and being on benefits is a fairly challenging one when you’re looking for credit. It is important to make sure that you share all the details about your current situation. A lender can only give you a loan suitable for you if you provide the real details. Providing the correct details will make the whole process faster.

  • Large range of lenders in the UK
  • Loans for bad credit
  • High acceptance rate
  • Low-interest rate (APR)
  • No application fee

Guaranteed loans - personal loans now


Guaranteed Personal Loans

Guaranteed loans, or as they are sometimes known, guaranteed personal loans, are often a great solution for funding a significant purchase. Examples of these purchases include a car or home improvements.  These loans are often unsecured loans. This means that unlike a secured loan, the creditor has no claim on your financial assets should you fail to maintain unsecured loan payments. It is partially because of this that guaranteed loans online are not necessarily the cheapest credit available for you.

Guaranteed loans - Personal Loans Now

Can I get a guaranteed unsecured personal loan in the UK?

Guaranteed loans - Personal Loans Now

How do I apply for guaranteed loans online?

A secured loan means that you sign over something (usually a car or house) for the lender to take should you not repay your loan. This usually makes loans cheaper. Despite this, many people prefer to find guaranteed unsecured personal loans, saving them the worry of losing their possessions. It can be harder to find guaranteed unsecured personal loans for bad credit. However, there are lenders who specialise in this type of loan and should be able to offer you a decent rate. Remember though that unsecured personal loans with guaranteed approval are illegal in the UK.

Applying online for a guaranteed personal loan is easy, and we charge no fee. However, don’t just pick any lender! You need to ensure that the loan application form is secured and that the provider of the service states its contact details. These must include a real UK address and phone numbers. If the site claims to offer guaranteed loans with no credit check, you need to be careful as no credit check loans are not legal in the UK.

  • Personal loans from authorised lenders
  • Loans for bad credit
  • No guarantor needed
  • No application fee
  • Instant decision

Guaranteed Loans from Personal Loans Now

Personal Loans Now introduces customers to Monevo, an appointed representative of Quint, to help you find the right loan for your needs. They have access to a wide range of lenders offering several types of loans, so you can apply for guarantor loans or non guarantor loans between £500 and £25,000, regardless of your credit score. It won’t take long; you will receive a loan decision within 90 seconds, and if you’re approved, the money will be sent to your bank account that day. Apply now for the ultimate personal loan experience.


Guaranteed loans - personal loans now

Written by: Kylie Jenson
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