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

No Guarantor Loans

Apply for up to £5,000 over a period of 1 to 60 months.

Representative Example: If you borrow £500 over 6 months at a rate of 25.5% per annum (variable) with a representative 46.19% APR you will make 6 monthly payments of £92.96, repaying £557.76 in total.

Warning: Late repayment can cause you serious money problems. For help, go to www.moneyhelper.org.uk/en.

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Understanding No Guarantor Loans


What are no guarantor loans?

A no guarantor loan is a loan that is signed without a ‘guarantor’. No guarantor means that the borrower is wholly responsible for making the loan repayments. The lack of a safety net means that lenders will consider the borrower more of a risk, which can lead to higher APRs in comparison to guarantor loans.

no guarantor loan appliction

How does a loan with no guarantor work?

A loan without a guarantor works similarly to most personal loans. Rather than a guarantor providing cover for late repayments, a no guarantor loan makes the borrower solely responsible for making monthly repayments. So if the borrower fails to make a scheduled repayment on time, they may risk facing a penalty.

Loans without a guarantor may be considered risky by some lenders, as there is not a guarantor to ensure that repayments are made. The more risk involved means that loans without a guarantor can come with a higher interest rate.

These loans are for people who would rather not be dependent on a guarantor and would prefer the responsibility of the loans. This means that no relationships are damaged should you fail to make repayments, as the borrower is the only person responsible.

What is the difference between a guarantor loan and a no guarantor loan?

A no guarantor loan means that you are completely responsible for repaying the loan. A guarantor loan is where you ask somebody you trust to cover any payments that you cover to make. So if the borrower misses a repayment, the guarantor will use their own money to pay the lender.

Guarantor loans are often offered to borrowers who have struggled to be accepted for a loan on account of a poor credit rating or a thin credit history. No guarantor loans are generally offered to people who are considered less of a risk and are more likely to repay a loan.

A guarantor loan provides a safety net for the borrower and the lender.

Can I Get a Loan With No Guarantor?

Yes, you can get a loan without a guarantor as long as you meet the application criteria. There are a variety of loans that do not require a guarantor, so you can certainly apply. Lenders may have their own criteria for what qualifies a person for an unsecured loan with no guarantor.

With Flexy Finance, we work with lenders that are able to borrow from £100 – £5000 with a flexible repayment period of 1 – 60 months.

In order to be considered eligible for finance, you must meet the minimum requirements:

  • 18 years of age or older.
  • A UK resident.
  • Have a regular monthly income.
  • Have an active UK bank account.

Someone with a regular income and a good credit rating may find it easier to access a cash loan with no guarantor, but lenders are usually flexible and do accept applicants with bad credit. If you do have a bad credit score, then you can check out the next section where we look at whether you can get a loan with no guarantor with bad credit.

Can I get a no guarantor loan with bad credit?

Yes, you are able to get a loan with no guarantor and a bad credit score. The lenders we work with assess your credit score amongst several other factors on your application. So, whilst you’ll still need to have a credit check, a poor credit history won’t necessarily prevent you from accessing a loan.

Individual lenders terms and conditions will apply.

How can I get a no guarantor loan with bad credit?

You can get a no guarantor loan with bad credit by applying online. It’s important to know that although lenders check your credit score, they do not solely look at your credit score when assessing your application. They take into account several other factors, such as the affordability of the loan. Therefore, it is still possible that you can still qualify for a loan with bad credit and no guarantor.

If you do have a bad credit rating, then the quality of the loan may be affected. Bad credit loans often see an increased rate of interest and a shorter period of repayment. The reason for this is that a bad credit loan without a guarantor is considered risky by the lender.

If you have struggled to be accepted for a loan due to a poor credit score, then you may want to consider alternatives such as a guarantor loan or a secured loan. Lenders consider these loans as less risky and may be more inclined to lend to someone with a bad credit rating or credit history.

Can I get a ‘no credit check, no guarantor’ loan?

Be wary of any lender offering you a ‘no credit check, no guarantor’ loan, they don’t exist. Payday loans are authorised and regulated by the Financial Conduct Authority (FCA) which requires lenders to carry out appropriate background checks before approving applications. Reputable lenders will carry out the following background checks on you:

  • A credit check to consider your previous credit management. At Flexy Finance, we’ll only do a soft credit check against your name to protect your credit record.
  • An affordability check to ensure that you have enough disposable income to cover the repayments. Use the Money Advice Service loan calculator to check what payments you’d be able to afford.
  • An identification check to confirm that you are who you say you are.
  • An employability check to confirm where you work and your regular income.

What is representative APR?

The current representative APR on the loans that we broker is 46.19%.

APR stands for ‘annual percentage rate’. It refers to the total cost of borrowing money over a year, including the interest and standard fees you have to pay. ‘Representative’ means that 51% of applicants will receive the same interest rate advertised or a lower amount.

For example, the representative rate Flexy Finance offers is 46.19%. Therefore 51% of customers will receive that rate of interest or lower. It is not a guarantee that customers will receive the same representative APR in their loan agreement.

Not everyone within the 51% will receive the same rate as the APR that is advertised. You will likely receive a personal rate which may be different from other applicants.

A personal rate may be higher, lower, or the same as the representative APR. It is usually determined by your credit score, how much you want to borrow, and your finances. APR is often used as a comparison tool to help people compare different loan providers.

I am struggling with debt – what should I do?

If you’re struggling with debt, then you should not take a loan out to cover any long-standing debt. This can cause further financial problems and it is always advised to never borrow more than you can actually afford.

If you are struggling from debt there are organisations that can provide advice to you for free. These websites include:

How can I get a loan with no guarantor?

You can get a loan without a guarantor by applying either with a credit broker, an online lender or a traditional lender, such as a high street bank. You can apply for a loan either in person or online. An online application can be completed at any time, as it is not limited by opening and closing times.

How can I apply for a no guarantor loan?

If you choose to apply with Flexy Finance, you need to complete our online application. The application process is compatible with phones, tablets and computers. The form is quick to complete and simply requires the borrower to provide some basic information and how much you want to borrow and how long you need to repay.

Before you apply, you must first check if you are eligible. In order to be deemed eligible, you must meet the following:

  • 18 years of age or older.
  • A UK resident.
  • Have a regular monthly income.
  • Have an active UK bank account.

Below is a guide to the application process when applying for a no guarantor cash loan.

How to get a loan with no guarantor:

Step 1 – Complete the application form

The first thing that you need to complete is the online application form. This form is very quick to complete. The application form requires you to provide the following details:

  • How much you want to borrow: You will need to decide how much you need to borrow, via Flexy Finance you can apply to borrow between £100 – £5000.
  • How long do you need to repay the loan: We can provide flexible monthly repayments, from 1 – 60 months (2 years).
  • Personal information: This includes basic personal info as well as your contact details. We will also require income information as well as your monthly expenses.
  • Bank Account details: Bank account information is required so that the loan amount can be deposited into your bank account.

Once your loan application is completed, you will need to submit it for assessment.

Step 2 – Accepting your loan.

If your application is accepted, it will be matched with the most suitable lender. The lender will then perform their own assessment of your application to see if you qualify. If you qualify for a loan, then they will send you a loan offer.

Before you accept the loan offer, it is important that you read the terms and conditions of the loan. Look out for the amount being offered as well as the repayment plan, and for any other charges that may have been added by the lender. If you have any questions about the loan, make sure to ask the lender for more information. If you do not like the loan, you have the option to opt-out.

If you have read the T&Cs and are happy with the loan being offered, you can choose to accept the loan. Once you have accepted the loan and the contract has been signed, you will be bound by the contract.

Step 3 – Receiving your loan.

When your loan is accepted, it will quickly be transferred into the bank account you provided. The time it takes to deposit the money varies between lenders, so ask your lender how long the transfer may take. Once the money in your account, you are free to spend it. After you have received your loan, you will be required to make the pre-agreed monthly repayments until the loan and interest is repaid in full.

What are the Benefits of Loans With No Guarantor?

No guarantor loans can be used on anything from holidays and car repairs to weddings and debt consolidation. They are short term loans that are typically repaid over 12 months to 60 months, although flexible repayment periods mean they can be repaid in as little as one month. Unlike secured loans, loans with no guarantor aren’t secured against property, vehicles or other valuable items. Other benefits include;

  • Fast and simple online application process
  • The money can be in your bank account in under 24 hours
  • Available to those with bad credit

What are the benefits of a no guarantor loan?

1. Flexible

No guarantor loans are very flexible and can be used in a number of situations. They can be used to cover bills, rent, car repairs, and for other expenses such as holidays. This can be very useful if you need extra money to help cover the cost of something that is just out of your budget.

2. Unsecured

The benefit of an unsecured no guarantor loan is that there is no collateral attached. Unlike a secured loan, an unsecured loan doesn’t run the risk of losing valuable possessions such as a home or car if you fail to make repayments.

3. No Guarantor

The positive of not having a guarantor is that you don’t risk damaging a relationship with a close friend or family member if you fail to make loan repayments. The only person who is responsible for paying back the loan is you.

Why Use Flexy Finance for a Cash Loan No Guarantor?

Authorised and regulated by the FCA, we’re a broker. Instant approval and competitive interest rates are among the ways we help people to access a cash loan. No guarantor is needed as we consider your application on your ability to afford the repayments. Once you accept the loan agreement, the money will be in your bank account within 24 hours.


What are no guarantor loans?

No guarantor loans mean that the borrower is entirely responsible for ensuring that they repay the loan they take out. If you borrow loans with no guarantor you may have to account for higher rates of APR, especially if you have a poor or thin file credit report.

How can I get a loan without a guarantor?

There are many different types of loan you can apply to borrow without a guarantor. Most unsecured short term and personal loans won’t require you to provide a guarantor with your loan application, providing that you don’t have bad credit or a thin file credit report.

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

If you are able to have a guarantor on your loan application, then if you have poor credit, this may be a valid option for you. However, applicants with bad credit can still be approved for loans by a guarantor by lenders; however, some may charge higher rates of APR.

Why choose Flexy Finance?

At Flexy Finance we provide all manner of applicants with short term finance options that are designed to help make life easier. Whether applicants require loans without a guarantor or need help making ends meet until payday, we may be able to help. We offer loan applications from £100 to £5,000 from 1 to 60 months.

Am I able to get a loan without a guarantor?

Lenders will have their own criteria when it comes to who can get an unsecured loan with no guarantor. Most lenders will consider your credit history, employment details, and your ability to afford monthly repayments. Someone with a regular income and a good credit rating would find it easiest to access finance, but lenders are usually flexible.

You can apply for a loan with us if you:

  • Are over 18 years of age
  • Are a UK resident
  • Have an active UK bank account
  • Have a regular income
How Can I Apply for a Quick No Guarantor Loans UK?

At Flexy Finance, you can apply for a loan via our online application using your phone, tablet or computer. We then assess your application which is then matched with a lender that best suits your credit requirements. Applying is quick and easy, and there are no fees when you apply.

How to Find No Guarantor Loans in Three Steps

Time Needed : 5 minutes
Check these steps to find out how easy it is to apply for a loan at Flexy Finance!
  • 1. Submit An Online Application Form​ for No Guarantor Loans

    Applying through Flexy Finance is always quick and easy. Simply complete our 1-2 page application form. You can apply on the go, or from the comfort of your own home. Better still, there are no calls or paperwork involved!

  • 2. We search a large panel of UK lenders

    We search a large panel of UK lenders in real time, so that we can deliver you an instant decision. Within seconds of applying you'll know if a lender has accepted you or not. Unlike banks, our lenders are able to issue loans to people from all different walks of life and accomodate a range of different credit scores. There's an option for everyone!

  • 3. Access The Cash

    The majority of lenders are able to deposit the cash direct to your account, within just 24 hours! We'll never charge you any fees and there is no paperwork to complete. There you have it, apply for up to £5,000 in the quickest and simplest way possible today

  • 1. Mobile, Laptop or Tablet.

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