No Guarantor Loans
No guarantor loans are personal loans that do not require a third party to co-sign or guarantee the repayment of the loan. These loans are ideal for borrowers who prefer to take full responsibility for their borrowing or who may not have someone to act as a guarantor.
In the UK, no guarantor loans are offered by many regulated lenders, providing an accessible borrowing option for individuals with varying credit histories.

What Are No Guarantor Loans?
No guarantor loans allow you to borrow money solely based on your creditworthiness and ability to repay. Unlike guarantor loans, these loans do not involve a third party, simplifying the borrowing process. Loan amounts typically range from £100 to £5,000, with repayment terms spanning a few months to several years, depending on the lender.
How Do No Guarantor Loans Work?
- Application: Borrowers complete an application providing details about income, expenses, and financial history.
- Assessment: Lenders evaluate your affordability and creditworthiness to determine eligibility.
- Approval: If approved, funds are transferred directly to your bank account, often on the same or next day.
- Repayment: You repay the loan through agreed instalments or a lump sum, depending on the loan terms.
Benefits of No Guarantor Loans
Independence
You are solely responsible for the loan, without needing a guarantor to support your application.
Accessibility
These loans are available to individuals with different credit profiles, including those with poor credit. Many lenders focus on affordability rather than relying solely on credit scores.
Quick and Simple
The application process is straightforward, and funds are often disbursed quickly, making it suitable for urgent financial needs.
Variety of Loan Options
No guarantor loans include short-term loans, instalment loans, and personal loans, offering flexibility to suit your financial situation.
Things to Consider
Interest Rates
Interest rates for no guarantor loans can be higher, especially for borrowers with poor credit. Ensure you understand the total repayment cost before proceeding.
Repayment Obligations
Failure to repay the loan on time can result in additional fees and negatively impact your credit score. Always ensure you can afford the repayments.
Who Can Apply for No Guarantor Loans?
No guarantor loans are typically available to individuals who:
- Are over 18 years old
- Have a regular source of income
- Can demonstrate their ability to repay the loan
Frequently Asked Questions
Guarantor loans require a third party to co-sign the loan and guarantee repayment if the borrower cannot pay. No guarantor loans rely solely on the borrower’s ability to repay.
Yes, many lenders offer no guarantor loans to individuals with poor credit, focusing on current affordability rather than past credit issues.
Funds are often available on the same day or within 24 hours of approval, depending on the lender and application timing.
Yes, all lenders offering no guarantor loans in the UK must be authorised by the Financial Conduct Authority (FCA). This ensures transparency and borrower protection.