No guarantor loans from Dot Dot Loans
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. We also offer loans for bad credit with no guarantor in some cases, so having poor or no credit history doesn’t have to rule you out.
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.
What are no guarantor 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, particularly if you have a less-than-perfect credit score. But you can apply for a quick loan with no guarantor via our website and find out if you've been approved shortly afterwards. As a direct lender of loans for bad credit with no guarantor, we make it that simple.
What can loans without a guarantor be used for?
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:
- Car repairs, services and MOTs
- Home maintenance bills, such as repairs to boilers, dishwashers, fridges etc
- Sudden costs including insurance premiums or medical bills
Alternatively, you may need to borrow a larger amount and spread repayments over a longer period of time. Our long-term loans for bad credit with no guarantor might help cover the cost of:
- A new car
- A wedding
- Larger-scale home improvements
Whatever your reasons for seeking financial assistance, our loans without a guarantor can prove a stress-free solution.
Why choose Dot Dot Loans?
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:
- Quick: You can apply for £200-£4,000 loan online in a matter of minutes. If approved, the money could land in your account soon after
- Flexible: Depending on the amount you wish to borrow, you can repay us over a period of 3-48 months
- Accessible: We look at more than just your credit history. You could still get a loan for bad credit without a guarantor
- Honest: The costs of our no guarantor loans are all agreed up front. You won't be charged any hidden extra fees
- Responsible: We're a member of the Consumer Finance Association and our robust credit and affordability checks make sure we lend responsibly
- Recommended: We boast a rating of 'excellent' from hundreds of customer reviews on Trustpilot
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.
How do Dot Dot's loans without a guarantor work?
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 UK loans for bad credit with no guarantor if we’re confident you can afford them.
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.
If you have any queries about the application process, you can always visit our FAQ section or contact our friendly team.
Is a no guarantor loan right for me?
There are many things to think about when considering a loan without a guarantor. These include:
- How much you need to borrow
- Whether you can afford the repayments
- The terms and conditions of the loan, including the interest rates attached
- Whether you are borrowing for the right reasons
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.
Taking out more debt may not help, and it's important to know that free, impartial advice is available through the likes of the Money Advice Service, StepChange and National Debtline.
How do I know if I qualify for a quick loan with no guarantor?
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:
- You're over 18 years old
- You live in the UK and can provide an address
- You're employed
- You can provide an email address and phone number
- You can provide bank and debit card details
While we sometimes offer loans for bad credit and no guarantor, 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.
How much can I borrow?
Our quick loans with no guarantor can be divided into two categories: short-term and long-term.
- A short-term loan allows you to borrow between £200 and £1,000 over a period of three, six or nine months
- With a long-term loan you could borrow £1,500 to £4,000, repayable over 18, 24, 36 or 48 months.
How do repayments work with no guarantor loans?
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.
Are there any fees to be aware of?
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. We’re a direct lender of loans for bad credit with no guarantor and no fees.
What's the interest rate on Dot Dot's fast loans with no guarantor?
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.
Apply for a no guarantor loan with Dot Dot Loans
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. That's the simplicity of no guarantor loans from us.