Same Day No Guarantor Loans From UK Direct Lenders

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Representative 277.5% APR Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed). The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances.

Home » No Guarantor Loans

What exactly is a guarantor?

A guarantor is someone who enters into a loan agreement alongside the borrower and promises to repay the debt if it defaults in any way. If for any reason the original borrower cannot make the repayments, the guarantor takes over the loan repayments. Typically it is a family member, or a close family friend with a better credit score that enters into the agreement.

By taking this approach, someone with bad credit or younger applicants are more likely to be accepted for a loan.

no guarantor loans from direct lenders

So what is a no guarantor loan?

As the name suggests, these types of lending do not require any collateral to lend against or another person to agree to take over any defaulted payments. As an applicant, you are solely responsible for any money you borrow, and the payments that are agreed to.

They’re perfect if you can’t find a guarantor!

They are typically short-term and tend to favour those who might have been refused a loan in the past due to poor credit scores or not being able to find a guarantor. They are relatively new in the lending market as most loans in the past required a co-signature to be accepted.

In the past, receiving a fast loan from direct lenders normally meant a far higher APR as they are deemed higher risk but there are several choices on the market now at very competitive rates.

The good news, is that we can help you find the perfect loan for your needs in a matter of seconds by comparing factors such as: interest rates, repayment terms, UK lender reputation, additional charges and customer service.

What are the advantages?

There are several key advantages should you feel uncomfortable asking a friend or family member to become involved in your finances, including:


Application takes minutes online, and there are several lenders who can honour 15 minute payouts for those needing an instant loan right now!


No need to go into your local bank and setup a meeting. Simply complete an online form with some basic details and hear from your chosen lender.

High Acceptance:

Typically the acceptance rate of no guarantor loans is high as the amounts don’t tend to be as much as other loaning methods.

Bad Credit Friendly:

If you can’t find a guarantor and have bad credit then it’s not as bleak as it once was… you could still be eligible to borrow the amount you need.


If you’re having a little financial difficulty, or simply don’t want others to know about how you handle your finances then there’s no need to get anyone else involved in the lending process.

UK no guarantor loan terms

Will not having a guarantor affect my loan terms?

Yes quite possibly, though not as much as you might expect...

Having someone who is willing to enter into the loan agreement effectively reduces the risk to lenders and can lower the APR. When you can’t find a guarantor the risk to the lending company increases so you might find that the interest rates are a little higher and the repayment terms are different. It’s important to use a comparison service like Pickaloan to compare the best loan options available to you.

high loan approval from UK lenders

What’s the likelihood of approval?

Whereas not having a guarantor used to be huge stumbling block for anyone looking to borrow money, there are several who now recognise that this isolates a huge number of people looking for an instant loan to borrow much needed funds.

Nowadays the market is actually quite competitive and there are several lenders willing to offer what are deemed more risk-worthy loans giving you more choice than ever before.

Every lender has their own individual approval criteria and process so use our online form to find the lenders that are most likely to accept your application today!

What are the loan requirements?

Though the actual products and criteria will vary between companies, in order to be eligible to lend you will need to meet the following requirements:

  • Age: You need to be classed as an adult, so loans for 18 year olds and over are available. Above this there are no age limits.
  • UK Resident: You need to reside in the UK, and have a valid UK address.
  • Bank Account: A valid UK bank account tied to the address provided is needed.
  • Income: In order to prove you can meet repayments you need to have a regular income.

Assuming you meet the requirements, you could receive a same day no guarantor loan in as little as 15 minutes!

Responsible lending - Should I apply?

Whether you can find a guarantor or not, you should always do some research before applying for any form of credit to be sure it’s exactly what your financial situation requires.

Ask yourself the following questions:

Q. Is a loan the right option?

Are there other alternatives that you could explore, such as selling some possessions, or looking at alternative ways to save money.

Q. What amount do I need to lend?

Don’t apply for more than you need… but equally don’t borrow too little and still need to find money for whatever it is you need.

Q. How much can I comfortably afford to repay monthly?

The key word here is ‘comfortably’. In order to avoid going into arrears and potentially debt you need to be sure you can meet the monthly repayment amounts.

Q. What are the terms of the loan?

Read the terms carefully and be sure you agree to them before accepting an offer. Each lender will vary so don’t assume they are all the same.

Q. How much will the loan cost me overall?

Be sure to check the final amount repayable and ask yourself whether the total sum is worth paying for the reason you’re applying.

Q. Where am I more likely to be accepted?

By using a service such as the one we offer here at Pickaloan you are more likely to find UK lending companies that will accept your application… therefore you reduce the risk of being rejected and possibly damaging your credit score.

You should NEVER be tempted to fake guarantor details. We’ve heard of people asking if you can fake guarantor details.. .this is fraudulent and absolutely not necessary with the number of lenders we have available through our comparison service.

Are no-guarantor loans for bad credit available?

Traditionally, having poor credit has been a huge stumbling block for those looking to take out a fast loan, but thankfully things have changed for the better in recent years.

UK lenders have increasingly realised that there are a great many people who unexpectedly need quick, short-term loans without a guarantor but having a less than desirable credit rating is holding them back.

Nowadays, there are a number of providers on the market who are willing to look beyond an individual’s credit score and take into consideration other criteria when determining eligibility. They tend to look at your current financial stability, income and employment when deciding whether to lend and offer no guarantor loans at low APR when compared to lenders of the past.

You may even find that by taking out a loan… and making each repayment on time your credit score increases as you prove you can responsibly repay money lent to you.

You can find a selection of lenders willing to loan money by simply completing our online form.

no guarantor loans for consolidating debt

Debt consolidation loans for bad credit with no guarantor

A loan such as these for debt consolidation purposes can be very useful so long as you undertake due diligence and ensure that it is the right option for you.

One of the biggest difficulties many face is having a number of creditors, who each need paying varying amounts, at different times of the month. By combining all these debts into one repayment, is it more convenient and easier to budget for as you know exactly how much you need to repay, and on what day of the month.

Even though this is a popular use for lending money without a guarantor everyone’s situation is different, so you need to be sure that this is the best possible solution for your needs.

Are there any alternatives?

Yes, in fact nowadays there are a number of no-guarantor lending options available to UK residents, with the more popular being:

Payday Loans

Payday loans are short-term unsecured loans that are very easy to obtain. In fact, it’s arguably the easiest no guarantor loans to take out. You can borrow as much as £1000 and pay it back typically in your next payday. The application is seamless and the approval rating relatively high. Payday loans are also considered loans for bad credit no guarantor which means you can apply and get approved despite having a poor credit standing.

Logbook Loans

If you have a vehicle that you can comfortably offer as collateral, logbook loans are no guarantor loans that you can consider. You can obtain larger amounts of cash from £500 to as much £50,000 or 50% and even as high as 80% of your vehicle’s trade in value. The payment term is also longer from 12 to 36 months giving you ample time to prepare for the proper repayments.

Personal Loans

Personal loans are unsecured forms of no guarantor loans which means you don’t need to offer any form of an asset as collateral or security against the loan. All you need to put on the table is your personal name and reputation to avail borrowing amounts that can range from £5000 and even £25000 from a reputable lender.

DoorStep Loans

Doorstep loans are bad credit loans no guarantor options that you can consider if you want a small but quick loan to cover urgent expenses. And just like the name suggests, you can take out the loan right in your doorsteps from a friendly local agent. With doorstep loans, you can borrow money from £500 to £1000 for a period of 2 weeks to a month.

No Guarantor Loan FAQs

How much money can I borrow?

With No Guarantor Loans, lenders can give out as much as 15000 pounds. But the amount you will be given depends on your current financial situation and your ability to afford such an amount of money. This means that lenders are likely to carry out credit and affordability checks before they accept to give you the cash advance that you are asking for.

How soon will I get the money?

As long as you meet the lender's requirements, the cash advance will be in your bank account in as little as 24 hours. Sometimes, loan amounts are released a lot faster if everything checks out in good time. Delays only occur when you do not fill out the loan form properly or the lender is having a tough time verifying your details.

Will I be considered if I rely solely on benefits?

Your source of income is one of the few factors the lender will consider before granting you the loan. People on benefits may be given a No Guarantor Loan, but they do not stand the same chance as someone who has a regular source of income. Direct lenders have privacy policies that may be beneficial to you, so it is wise to compare lenders to find out which one has the best plan for you.

How do I start the application?

The loan application process is a lot similar to that which other online loans are subjected to. All you have to do is to fill an online application form for the loan and await a response from the lender who will be working with you. The only difference, in this case, is that you will not be asked to provide a guarantor in order to secure the loan.

The cash advance will be sent to your bank account as soon as your application is accepted.

Can I get a No Guarantor Loan from my local bank?

A lot of banks are adjusting their loan policies these days, so there is a slim chance that they may listen to you. However, there are other factors that may work against you, such as poor credits or unemployment. This is why direct lenders in the UK are still the best source of No guarantor loans.