No guarantor loans are unsecured loans that do not need the presence of a third party as a guarantee. If you’re looking for a no guarantor loan, you’ve applied elsewhere and been told you’d need a guarantor to get a loan. Now loan assesses hundreds of unsecured lenders, including payday loan lenders, and connects borrowers with pre-approved lenders that will accept their loan application. Compared to applying directly to a lender, using our online form might significantly boost your chances of securing the loan you need.
Top 10 Loans for Bad Credit No Guarantor in the UK
1. Monevo Loans
Monevo is a credit broker (rather than a direct lender) that links clients with loan providers in under a minute to compare loans up to £25,000. When you need to borrow money for a big purchase, you may be tempted to go with the first lender that pops up in a fast search. However, you may better utilise a connecting service such as Monevo.
Monevo works with various lenders to provide you with quotations without the need for hours of laborious research – and with no influence on your credit score. You will, however, lose some diversity since you will be confined to Monevo’s network of partners.
2. 118 118 Money
118 118 Money is a well-known source of directory inquiries. It has always diversified into various industries, so it’s no surprise that its ‘Money’ section provides personal loans.
118 118 Money specialises in modest loans with short payback periods, giving loans ranging from £1,000 to £5,000 over 1-3 years, with monthly payments spread out over 12, 18, or 24 months. You may apply online, and they offer a 24-hour hotline if you have any issues with your application.
Personal loans may be used for almost anything. However, unlike other suppliers, 118 118 Money enables you to utilise the loan for any purpose.
3. Bamboo Money
If you need to borrow between £1,000 and £8,000 and don’t have perfect credit, a Bamboo personal loan may be worth considering. Because this loan has a fixed Interest rate, you’ll know exactly how much you’ll pay each month. You do not have to own a house to apply (and even if you do, your property will not use to secure your loan).
4. Everyday Loans
According to the review site Trustpilot, Everyday Loans has garnered favourable feedback from clients. Based on over 4,800 reviews, it presently has a “great” rating of 4.5 out of 5. (updated June 2022). Many consumers commended their competent customer service, while others expressed dissatisfaction with their exorbitant Interest rates.
5. Cash Float
Are you facing unforeseen expenses and in need of a fast loan? CashFloat is a short-term loan company situated in the United Kingdom that provides loans ranging from £200 to £1,100. When applying for a loan online, you may get a fast decision and a same-day payment.
Our evaluation may assist you in determining if this is the correct lender for you. Do you have a bad credit history? CashFloat is still considering you. You may return part or all of your loan whenever you choose without incurring early repayment costs if you are approved.
Morses Club, one of the UK’s leading home-collected loan organisations with over 130 years of experience, owns Dot Loans. Dot Dot Loans is a completely online service that attempts to be easy, quick, and fair. You don’t have perfect credit to acquire a Dot Dot loan, but your application will be subject to credit and affordability checks, just like any other reputable short-term lender.
Likely, Loans named after borrowers with less-than-perfect credit histories are more likely to be accepted, is a direct lender that is part of the Oakbrook Finance group and a relatively recent entry into the poor-credit lending industry.
Likely, Loans’ rates are high since it is one of the few lenders that will lend to the financially disadvantaged without a guarantor (a friend or family with excellent credit who applies with you and guarantees to repay if you don’t), but that is to be anticipated with these types of loans. It offers a simple application procedure and may give money the same day you apply.
Payday Bad Credit is a moral and well-known direct lender in the United Kingdom. They will always try our utmost to approve your loan on the same day. If your loan is not approved, they may refer you to a partner website that may be able to help. Their website is free to use, and they will never provide your information to a lender without your consent.
9. 786 Loans
786 Loans is a loan broker focused on the consumer. They like to give transparency and convenience to our consumers by assisting them in locating the appropriate loan for their requirements and the appropriate lending partner for the same goal.
Credible’s service is free of charge. The cost of borrowing varies greatly depending on the lender you select. You may use the calculator below to estimate your monthly payment and ensure that the lenders you’ve been linked to are within your budget.
People with terrible credit in the UK utilise Bad Credit Loans to pay for urgent expenditures, auto repairs, and house upgrades. You may be shocked to learn that, to remain in business, poor credit loan companies must adhere to some of the most stringent regulations imposed by the Financial Conduct Authority.
You may recall that a few years ago, several negative credit loan providers got into a lot of problems due to the very high-interest rates they charged their clients and some of the penalties they added to borrowers’ accounts if they missed a payment.
Some of the lenders on our network may make loans without guarantors available on the same day as the application. Some of the direct lenders on our network may also assist you in obtaining the loan you need, even if you have a poor credit history.