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Loans for No Credit History

Having no credit history isn’t exactly the same as having bad credit – but it can still hurt your chances of getting approved for a loan. Thankfully, some lenders can offer loans for no credit history in certain cases – including Dot Dot Loans.

Our online loans of £100 to £1,000 are ideal for emergencies and unexpected costs. You don’t need a guarantor or security, and we’ll look at more than just your credit rating (or lack of it). You could even get your loan the same day as you’re approved, subject to affordability.

Find everything you need to know about getting a personal loan with no credit history below.

What does it mean to have no credit history?

Having no credit history means you have little to no financial data to go towards building a credit score. There are various reasons why this might be the case:

  • You’re a young adult who hasn’t had the chance to build up a credit history yet.
  • You’ve never taken out credit, opened a bank account or paid any bills in your name.
  • You’ve recently moved to the UK. Even if you had a good credit history in the last country you lived in, you can’t transfer your score across borders.

How does having no credit history affect applying for loans?

Whatever your situation, having no credit history can make it much harder to get a loan. This is because lenders use your credit score to judge whether they can trust you to repay any money you borrow.

If you have a strong record of paying bills on time, lenders will see your good credit score and feel confident in lending money to you. On the other hand, if you have a fair or bad credit score due to things like missing payments, they might turn you down. But they’ll also see you as a risk if you don’t have any credit history, as there’s nothing to prove that you’re reliable.

You might then need what’s sometimes called a ‘first-time loan’ with no credit history. Not sure what your credit history is like? Read our guide on how to check your credit score.

Are there still loans for someone with no credit history?

Don’t panic if you need to borrow money but don’t have any credit history. You’re unlikely to have all the same options that would be available to you if you had good credit, but you could still get a no credit history loan in the UK with us. We’ll look at other factors, like your income and outgoings, to help us judge whether you can afford the repayments, so we might still be able to help.

What size loan can I get with no credit history?

Having no credit history sometimes limits the size of loan available to you. But you could borrow between £100 and £1,000 with us, our full range of loan amounts, subject to affordability.

Our larger loans can help you cover emergencies like major car or home repairs. Alternatively, a small loan for no credit history might come in handy for minor unexpected costs like vet bills.

How do repayments work on your online loans for no credit history?

You can spread the cost of our personal loans for people with no credit history over 3 to 9 months, depending on how much you borrow.

Our short-term loans come with repayment terms of 3 to 9 months. Use our short-term loan calculator below to see what terms are available on your ideal loan amount.

Short term loan

Representative Example

Borrow £250 over 3 months with monthly repayment of £133.65 Total amount payable £400.95. Interest rate 284.76% p.a. (fixed). 1228.67% APR Representative.

Happy with how everything looks? If you apply and we say yes, we’ll collect your repayments automatically via Direct Debit. They’ll be the same amount each month, as we charge fixed interest, not variable.

We never charge late payment fees either – but bear in mind that missing payments will hurt your credit score and make it harder to borrow again in the future. If you ever feel worried about falling behind on your agreed repayments, get in touch as soon as possible to see if we can help find a solution.

Can I get a personal loan with no credit history?

You can apply for one of our first-time personal loans with no credit history in the UK if:

  • You're aged 18+
  • You have a UK address
  • You’re currently working or receiving benefits
  • You have a valid email address and mobile phone number
  • You have a bank account and debit card details

As a responsible lender, we carry out credit and affordability checks on everyone who applies for a loan. These checks help us make sure your repayments are affordable on top of your regular outgoings over the term you apply for. But remember: having little or no credit history won’t automatically rule you out if your finances are in good shape otherwise.

Why choose us as your no credit history loans direct lender?

Finding the best place to get a loan with no credit history comes down to choosing a flexible lender you can trust. Whatever the emergency or extra costs you’re dealing with, here are six good reasons to turn to us for help.

  • Flexible: Borrow between £100 and £1,000 and spread the cost over 3 to 9 months, depending on how much you borrow.
  • Easy: Apply online in minutes at home or on the go. We can transfer our quick loans with no credit history on the same day as approval, subject to affordability.
  • Clear: We’ll agree on the total cost of your loan upfront and never charge extra fees, so you’ll always know how much to budget for.
  • Manageable: We’re a committed, responsible lender and carry out credit and affordability checks to help make sure your loan is manageable. We’ll explain everything clearly too.
  • Friendly Our UK-based customer service team are happy to help if you ever have a question or want to speak to someone about your loan.
  • Trusted: Don’t just take our word for it – thousands of customers have rated us ‘Excellent’ on the independent review website Trustpilot.

Another plus? We’re a no credit history loans direct lender, not a broker, so you won’t get passed around or have to speak to lots of different people.

How to apply for a loan with no credit history

If something crops up and leaves you needing cash, we could be able to help, even if you have no credit history, subject to affordability.

Use our short-term loan calculator to get started online. Choose how much you want to borrow to see what your monthly repayments and overall loan cost could be.

Once you’re happy to go ahead, fill out our short online application form. We’ll get back to you with a quick initial decision and fund approved loans every hour, 24/7.

Remember we look at more than just credit scores, so we can offer personal loans for no credit history, in some cases.

Please consider the cost of this loan, whether it is affordable (particularly if your circumstances change), and whether you will be able to maintain other debt repayments.

Check our FAQs or contact our friendly UK team if you have any questions.

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Short-term loans: 1228.67% APR Representative