No Guarantor Loans

If you have bad credit and can’t find a guarantor, don’t panic.


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Representative 49.7% APR. Representative Example: Amount of credit: £1,200. Interest rate: 0.34% per day for up to 75 days (25.5% (variable) per annum). Representative 49.7% APR (variable). For example, if you borrow £150 for four days, the interest per day would be £0.51 and the total interest would be £2.04 representing four days at £0.51 per day.
Choose Wisely is a trading style of Choose Wisely Limited and is a free to use price comparison website. Choose Wisely Limited is authorised and regulated by the Financial Conduct Authority as a credit broker not a lender, firm reference number 730574 and is registered with the Information Commissioner’s Office number Z3106681.

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Representative 49.7% APR.

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If approved, the cash can be in your account in as little as 15 minutes.[†]

Table of contents

Written by Andrew Freelander
Read time: ~5 mins
Published: 20th September 2017 Updated: 18th August 2021

What is a no guarantor loan?

There are a lot of loan types out there that are ‘no guarantor loans’. Because you can take them out without a second person having to co-sign the agreement. For example, a personal loan from a building society, bank or direct lender are technically no guarantor loans. However, over time the term has been used to refer more directly to loans for people who don’t have a guarantor and also have bad credit.

What products do not require a guarantor?

It is important to remember that products that don’t require a guarantor can be more expensive.

Some examples of loans that require no guarantors are:

  • Credit Line or Overdraft Loans
  • Peer to Peer loans
  • Short-term Loans
  • Specific Bad credit lenders
  • Personal (unsecured) loans

Compare loans with no guarantor

Can you get a loan without a guarantor?

Yes, it is absolutely possible to get a loan without a guarantor as long as you pass affordability checks and have all necessary documents to apply.

There are many people who have difficulties finding a guarantor. Because of this, there are alternatives available. However, if in your search you are only being presented with guarantor products then it’s likely to be one of the best ways to get credit in your situation.

But before you decide to go ahead with a new loan, it is a good idea to ask yourself these questions:

  • Will I be able to afford the extra outgoings every month of paying this back?
  • Do I know what all the terms and conditions are?
  • How much money do I really need to borrow?
  • Is this loan absolutely essential? Can I find this money any other way?

If I don't have a guarantor how do I get a quick loan?

How quickly you can get your loan depends on a few factors, including how fast the lenders are and how quickly you can provide any documents they require, so try to prepare these ahead of time. You will be asked to submit:

  • Personal details
  • Contact details
  • Employment details
  • Financial details
  • Documents to prove your identity

Often, a borrower will have to answer questions about themself and their plans for the money they are looking to borrow. They will then be put through a credit check and the lender will formally assess the amount of risk there is on the loan requested. Borrowers generally must meet the following criteria:

  • At least 18 years old
  • You are a permanent UK resident, with a proof of address.
  • You have a regularly income
  • You are not bankrupt, or have filed for bankruptcy.

Can I get a loan with bad credit and no guarantor?

It is possible to get a loan with bad credit and no guarantor. While credit history is an important factor in the process, there are lenders that keep in mind a person’s current financial situation next to a credit score. These bad credit lenders will consider a person’s employment status, monthly income and spending behavior, and their ability to pay back the loan within the repayment period.

It can be extremely difficult to find the correct loan for your circumstances, particularly if you don’t have a guarantor or have bad credit. The option of a no guarantor loan can be the solution to some emergency situations and help people get out of a difficult financial period. If you want to take control of your finances and free yourself up for the future, start the Choose Wisely ‘Get Accepted’ application now and compare no guarantor lenders for amounts between £300 - £1500.

No Guarantor Loan FAQs

Can you get an Amigo loan without a guarantor?

No. Amigo Loans is strictly a guarantor lender so in order to get a loan with them you’ll need to find a guarantor. Amigo believes that if someone has your back and trusts you to repay your loan, then they can back you too.

Can unemployed people on benefits get a loan without a guarantor?

Lenders need to be sure that you can afford your loan repayments before they accept your application, so if your benefits are your regular income and you’ll have enough money to meet your repayments, then you may be able to get a loan without a guarantor. It is highly advisable to look at your spending behavior and budget closely before you take out a loan.

Can I get a no guarantor loan fast?

Getting a loan without a guarantor can often be a faster process than getting a loan with one, because there’s no extra person involved. Loans that don’t require a guarantor are usually substantially more expensive though, so from a cost standpoint it might be better to apply for a guarantor loan.

What are the best no guarantor loans?

There is no such thing as a single “best” no guarantor loan. The best loan is the one that best fits a person’s individual circumstances and personal needs. The Choose Wisely loan search can help borrowers understand which lenders accept their application in principle, meaning it’s easier to compare prices and find the one best suited to your situation.

Will I be approved for a bad credit loan with no guarantor?

There are now a number of lenders in the market that offer no guarantor loans, which has created a competitive market that gives the borrower options to choose from. To find out which lenders would accept your application complete a Choose Wisely application loan search. After a short application process, we will show you a list of the lenders that match your criteria. You can choose the one that best suits your circumstances and then apply directly with them.

Can You Get an Instant Decision on No Fee, No Guarantor Bad Credit Loans?

If your loan application gets accepted by a lender, the money can be in your account in a short amount of time. The speed at which a customer receives the cash in their bank account depends on how fast the application is completed, the turnaround time of the lender and the individual bank. It could be as quick as the next working day, or as long as a few weeks.

Are there loans for people with bad credit, no guarantor and on benefits?

If you receive a minimal income or claim disability or sickness benefits, it can be difficult to get a loan from a high street lender. The simplest way to establish if you can qualify for a loan with benefits is to fill in an application with us and we will determine the lenders that could accept your loan request.

Written by
Andrew Freelander
Take Control Author at Choose Wisely

Andrew joined Choose Wisely 5 years ago, originally working in a design capacity to make sure the website was simple to use. Most notably he worked with the Consumer Finance Association to design the comparison table of choice for High-Cost Short Term Finance products.

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Important Information.

All of the information in this guide is correct at the time of writing.

Rates shown are quotes based on your personal circumstances, are subject to status and are available to those aged 18 and over. Rates available range from a minimum of 3.9%APR to a maximum of 1575%APR Representative and loan repayment periods range from 3 to 60 months.

[*][†] Once accepted, your loan can be transferred to you in as little as 15 minutes. The time that it takes for the loan to show in your bank account will depend on your lender and your bank.

If you need financial advice you can visit stepchange, speak to citizens advice, call the national debtline or speak to

If you've been declined, please refer to your credit report to gain an understanding of why before making further applications.
Your score can be accessed for free via any of the main credit reference agencies such as Credit Karma, Clearscore or Experian.

Warning: Late repayment can cause you serious money problems. For help, go to