From time to time, unexpected bills crop up that put you under financial strain. Or there may be occasions where you need help covering costs over a longer period of time. Whatever your circumstances, our no guarantor loans could offer the solution.
We can lend between £200 and £4,000 repayable over a period of 3 to 48 months, depending on the amount you borrow. If you think one of our fast loans with no guarantor could be right for you, read on for more information and to find out how to apply with Dot Dot Loans.
Firstly, it's important to understand what a guarantor is. When you take out certain loans, a guarantor is someone who will continue to make the repayments for you if you no longer can. This could be a friend or family member.
But no guarantor loans don't require a guarantor, so the only people involved are you and the lender. Like many other types of loan, you'll borrow a certain amount of money and pay it back over an agreed length of time, plus interest. You can get both short-term and long-term loans without a guarantor.
They can be difficult to get approved for by your bank. But you can apply for a quick loan with no guarantor via our website and find out if you've been approved shortly afterwards. It's that simple.
If you've found yourself needing financial assistance, you're not alone.
A recent study from the Money Advice Service found that 63% of UK adults said money worries had affected the mental wellbeing of someone they knew. Figures from the Office for National Statistics show that the average household is saving less of its income than in previous years. And statistics from StepChange confirm that reduced income is the most common cause of debt.
It might be that unexpected bills have hit you hard. In that case, our short-term no guarantor loans can help you to cover things like:
Alternatively, you may need to borrow a larger amount and spread repayments over a longer period of time. This might help cover the cost of:
Whatever your reasons for seeking financial assistance, our loans without a guarantor can prove a stress-free solution.
If you're needing financial assistance, it's important you turn to the right people. We understand that the world of no guarantor loans can seem daunting, which is why we make sure everything is clear and easy to understand.
Here are just some of the reasons to choose our loans with no guarantor:
We're owned by Morses Club PLC, who have become one of the country's leading finance companies with more than 130 years of experience. We're a no guarantor loan direct lender too, which makes things easier as you won't have to deal with anyone else.
Our fast loans with no guarantor are simple to sort. They're unsecured, so there's no need for you to offer your home or anything else as security.
All you have to do is use our short-term calculator or long-term calculator to choose the amount you wish to borrow. If you want a short-term loan, you can apply to borrow £200-£1,000 over three, six or nine months. If a long-term loan is more suitable, you can apply for £1,500-£4,000 over 18, 24, 36 or 48 months. The calculator will show you the total cost of your no guarantor loan before you apply.
If you choose to go ahead, we'll carry out credit and affordability checks. These are designed to make sure you can afford the repayments and analyse things such as your credit history, income and outgoings. Don't worry if your credit score is less than ideal – we can still offer loans for bad credit with no guarantor.
If we approve your application, the costs of your no guarantor loan will be agreed up front before we begin to take repayments automatically. You can also keep track of your loan via our customer portal.
There are many things to think about when considering a loan without a guarantor. These include:
Statistics from the Financial Conduct Authority (FCA) show that the number of loan applications is rising, but that doesn't mean it's the right route for everyone.
A recent study from the FCA found that 4.5 million UK adults had been declined a financial product over a two-year period. We want to make our fast loans with no guarantor available to as many as possible. You can apply for a no guarantor loan as long as:
We make sure every application is assessed carefully and all our lending is responsible. We'll look at your income, outgoings and credit history before giving you a decision.
Our quick loans with no guarantor can be divided into two categories: short-term and long-term.
The amount you borrow will directly affect your repayment period. For example, a £200 loan will be paid back over three months while a £4,000 loan will be repaid over 48 months.
We'll take the repayments automatically on a pre-agreed date via Direct Debit. This should avoid the risk of any delayed or missed payments, which could harm your credit score.
You'll never be charged for any late or missed payments on our no guarantor loans, but if you do think you'll struggle to make a repayment then please contact us as soon as possible. We'll do everything we can to help come up with a solution.
All our loans come with no extra charges attached. Some lenders will include additional fees, which means you have more to repay. But with Dot Dot, everything is clear from the outset.
The interest applied to your no guarantor loan depends on how much you borrow, but your rate will be fixed up front. That means you'll always know how much you are repaying each month.
Some lenders offer variable interest rates, which means the amount you pay back can alter from one month to the next. As a result, if the interest rate was to increase you could find that you cannot afford the repayments.
Are you in need of financial assistance? Have unexpected costs or a significant long-term expense put you under strain? Then Dot Dot's loans without a guarantor can provide the help you need.
Use the calculator tool to select how much you would like to borrow. It'll show you the length of your repayment period as well as the amount you can expect to pay back, including interest.
If the terms work for you, hit 'Apply now' to continue your application by providing us with a few details about yourself. If you're approved, you could receive the funds the same day for a short-term loan, or the next day for a long-term loan. That's the simplicity of no guarantor loans from us.
Borrow £300 over 6 months with monthly repayment of £92.97. Total amount payable £557.82. Interest rate 237% p.a. (fixed). 757.7% APR Representative.
Borrow £2500 over 24 months with monthly repayment of £198.68. Total amount payable £4768.25. Interest rate 71.1% p.a. (fixed). 99.9% APR Representative.
Short-term loans: 757.7% APR Representative Long-term loans: 99.9% APR Representative