Are you not able to find suitable no guarantor loans in the UK? Maybe, you were looking somewhere else. Anyways, you can check out CashFacts for the same reason. We will let you secure the needed loan amount in the absence of a guarantor.
If you are reluctant to bother others to become your guarantor, these loans perfectly match you. Do not hesitate to approach us thinking that loan from a direct lender with no guarantor is impossible. We will provide you with money after evaluating your financial capability.
Here, your affordability will work as a major decisive element. You must be at least 18 years old and hold permanent residency in the UK. Besides, your monthly income should meet the affordability criteria. We will perform a soft credit check to enhance your loan chances without risking rejection.
What can you expect from our loans without a guarantor?
| Loan Queries | Explanation |
|---|---|
| What is the minimum or maximum amount I can borrow? | £1000 and £10000 |
| What will be the loan repayment term? | 12 months - 60 months |
| What interest will I pay? | 7.0% - 12.5% |
| What will be the loan application mode? | Online |
| How quickly can I get loan approval? | Within a few minutes |
| What will be the payout speed? | You get loans on the same day (if you applied during weekends, you will get approval on the next day) |
| Is my data safe? | Yes, we respect your privacy and do not reveal any of your personal information to any third party without your consent. |
Feel free to tally our proposal with our competitors. It will help you understand if our rates are practical for you. Experience a stress-free way of getting money on the go via these loans.
Loans without a guarantor clearly say that there is no need for a guarantor person It is like getting short-term loans with no guarantor facility. If you are unwilling to ask someone to guarantee loan payments in your name, consider getting these loans. Therefore, you need to take charge of repayments.
These sorts of personal loans are considered better than credit cards. See below in detail how their features differentiate from each other.
| Features | No guarantor Loans | Credit Cards |
|---|---|---|
| APR/Interest Rates | Fixed and better interest rates up to 12.5% | Flexible and higher rates that may go up to 32.7% APR |
| Repayment mode | Fixed monthly instalments over the scheduled term | Full payment to avoid interest; otherwise, minimum monthly payment |
| Best uses | Planned or unplanned expenses like car repair, home improvement, or debt consolidation | Suited for everyday expenses or e-commerce shopping (sometimes for larger purchases too) |
| Eligibility | Required soft credit check, but no collateral | Approval depends upon individual credit scores |
| Risk level | Minimal if payments are missed | High risk of additional fees or penalties if payments are missed |
Non-guarantor loans suit someone whose credit scores are also not favourable. With a simpler application process, these loans are a better alternative solution when going through a money crunch. You do not need a guarantor or perfect credit scores to be accepted for loans.
How can you get so much in a single loan option? Our lenient and practical approach has simplified the lending methodology. It has allowed us to rely on factors like:
This assessment is crucial for getting no guarantor loans from a direct lender like us. It explains your current financial condition. We weigh your financial transactions to ascertain if you can afford loan repayment. It is the main motive.
The reason why we have put up the eligibility criteria is so that you must meet them. It will not be acceptable if you fail to match the qualifying conditions. These are the basic features of how we define our borrowers’ affordability.
The application form shares some vital information about the loan applicant. It is the medium between you and us. Providing incorrect details in the form will directly impact loan acceptance chances. Be sincere from your end.
On-the-spot receipt of money
Your hunt for same-day loan should end here. Getting loan assistance does not take much time, provided your profile is suitable. You can apply for loans that need no credit check and no guarantor in a streamlined way.
No elaborate steps are part of our process. Once the decision is final, the money will be deposited online into your bank account. Nevertheless, fund transfer is subject to loan approval and banking hours. Sometimes, you have to wait, as the weekend payout may take time.
Flexibility regarding income
Yes, income will remain a critical criterion of eligibility. Wait! At CashFacts, you will get some relaxation in the means of income. Therefore, jobs are not the only trusted sources to earn money for us.
We will process your application if you have income from a freelance job, rent, benefits accepted, self-employed, business returns etc. At this point, getting no credit check loans with no guarantor is worth it, but subject to lender assessment.
Smoothens credit improvement journey
Struggles due to bad credit scores never end if you do not work on them. You can address this issue by reducing the pile of debts you have created so far. For this, you must ponder how to save money from usual payouts.
However, this is not possible as you are already operating low on cash. In this situation, loans without guarantors for bad credit people are the best opportunity to downsize pending payment issues. These loans will not impact your credit score. Instead, with flexible repayments, you will be on the path to bad credit recovery.
Our experience over the years tells us that borrowers look for various options. It happens even when they are looking for loans in the UK with no guarantor facility. With diverse alternatives available before eyes, filtering options becomes effortless.
For this reason, we present some exclusive choices in this loan category. Check which one will be the most suitable for you.
Debt consolidation loans
If you do not want to let debts intensify the financial problems in your life, getting debt consolidation loans with no guarantor demand would be wise. Prevent debts from racking up further. Besides, consolidate past debt payments into one loan. It eases off the process of getting rid of debts.
Unemployed loans
You already know how income cannot stop you from getting our assistance. Therefore, getting unemployed loans with no guarantor is now possible for you. Please remember that we will apply the same logic to assess if you can afford payments with whatever source of income. However, you should understand that such short-term loans are not suitable for larger funding and for a longer duration.
Payday loans
Do you think getting payday loans without a guarantor is impossible? If yes, you come to know that it can happen actually. The best thing about these loans is that you can repay them with your next month’s salary. You can get money at the right time, even before your next paycheck. Besides, you should be aware of the payday loan risk, especially of high APR.
Student loans
You might need a loan while pursuing higher studies also. However, the absence of a stable source of income might restrict you from getting loans. You can avert such happenings simply by opting for loans for students in the UK without guarantor provision. Still, student eligibility criteria are more flexible than standard loans.
Guaranteed loans
100% acceptance loans with no guarantor will be accessible if you prove your financial potential. In short, such loans are not directly available. You have to improve your chances or fulfil the approval criteria prescribed by the lender. For example, the approval largely depends on your circumstances and ability to repay, as no lender can guarantee approval.
Are you wondering if CCJ loans with no guarantor are obtainable from a direct lender? Yes, you can apply for these loans also under some special circumstances. Receiving assistance in such a condition needs a thorough analysis of your financial background. It also demands some assurance as a guarantor or collateral.
You can utilise no guarantor loans for bad credit in the UK in numerous ways. You do not have to stick to some fixed ways, as there is no compulsion from our side. However, take care of the fact that you are using loans for the right reasons.
You should be confident to know your purpose ahead of applying. It helps use these loans in the most productive ways. Some of the standard scenarios in which you can count upon this loan option are:
Clear up outstanding payouts: The combination of loans with no guarantor needed with bad credit can solve petty cash problems occurring in a month. Do not worry if these are regular bill payments! Maybe, it is a temporary issue, but you must treat it with the help of these loans.
Deal with unexpected payments: There may be some unplanned expenses. However, a tough situation arises when you need more funds to resolve them. Fret not! Saving for an emergency may be the best but not the only way. You can take out money through these loans to manage unforeseen needs.
Cover repairing expenses: You must not take any stress seeing your car suddenly break down. Collect the required money for repair expenses by applying for these loans. This way, there is no need to postpone car repair anymore.
Here, the application process takes off seamlessly to ensure same-day payout. It is because of the precise steps that are totally different from the traditional process. Loans without a guarantor for bad credit people need you to fulfil a few quick steps excluding any documentation part.
Find out how to start with us without further ado.
Fetch the online form: A single click is enough to direct you to the application form. Just visit our website only. You should not get any hard copy of the form.
Adding details as enquired: The form will have dedicated fields enquiring about relevant information from your end. Not many fields will be there. You just have to put in a few vital details.
Go ahead with the correction: Often, people hurry up filling out the application seeing an opportunity like loans with no guarantor despite poor credit. They end up making mistakes. For this reason, reviewing and correcting errors is a vital step you must not miss.
Head to the final step: In the end, you need to submit the application. After that, we can get access to your application to do what is necessary for processing your request.
Wait for our response: The waiting period is not too long on this instant loan in the UK. Within 15 minutes, we can decide to approve same-day loans with no guarantor requirements. Everything will be on how suitable your application is.
Loans with no credit check or guarantor mean hard checks are avoidable. The assessment of your affordability will make sure you can get loans without anyone else support. Here, you will face a soft version of the evaluation. We will only need confirmation that you are currently financially stable compared to the past.
You can have a huge advantage here, as none will enquire about your credit scores. This is the major difference when you assess soft vs hard credit checks. A soft enquiry does not affect your credit score. Therefore, you can obtain loans with bad credit and no guarantor without facing any restraint. These loans can in fact help you in better ways with additional features like:
Pledging security is not necessary
It is not that you will get relief from the guarantor factor only by applying here. No credit check loans need no guarantors and security also. You must not endanger your costly assets. The best alternative way to borrow money is at your disposal now.
This feature also ensures tenants and non-homeowners do not remain isolated. They can now take out the money in the hour of crisis despite lacking assets. All in all, it is the most comforting option for someone insecure about their asset possession.
No burden of upfront fees
There is no need to pay attention to brokers when you deal with us. No guarantor loans from a direct lender will keep away brokers and brokerage fees. In addition, we will not charge anything other than interest fees.
Rest assured, to face no surprise fees. However, there will be a late payment fee but no early repayment fee. Our fee structure defines how we charge money and where we can charge extra. It will only happen when you do not repay on time.
You have come to us after realising that bad credit loans with no guarantor are needed. Nevertheless, you will need solid reasons to stay here for some time and avail of our services. We also know that ensuring your smooth borrowing experience is our responsibility. We are taking care of it with honesty. At the same time, beating the competition is also necessary. Managing both is tricky, but we are more dutiful towards our borrowers. For this reason, we present a loan with no guarantor and no credit check with add-on facilities like:
Trustworthy platform: The application form requires some confidential information. You can share them without any fear, as safety features are top-notch in our case. None can misuse or steal your information from our platform.
Friendly support: Our website is open to access round the clock. You can chat with us or mail us anytime, as we are available all days of the week. You can make the most out of our services every time.
Responsible lending: We are a responsible lender in the UK. Our motto is to do the necessary things to allow borrowers to get money with the least effort. Likewise, we will not tolerate any unfair practices here also.
You will opt for each of these options for different scenarios. Getting a guarantor would be beneficial if you want to get your hands on a sizeable loan. It is because the borrowed amount would be huge. Therefore, the lender would need someone to cover up your payments to balance the risk. On the other hand, if your requirement is comparatively small, having no guarantor would work perfectly. In that case, we will offer loans keeping your affordability in mind.
With us, you can borrow money at competitive rates. As mentioned earlier, one of the bases of lending decisions would be your present financial well-being. You may have encountered lenders offering loan help without guarantors at costly rates. However, it is not true in our case. We will approve loans only after making sure about the repayment possibility.
This type of loan offer seems so convenient to obtain. You can get overboard to apply for loans without validating other perspectives also. Find out if you have evaluated this decision carefully by paying attention to these points:
Proceed to borrow if you have got convincing answers to these questions.
Yes, you must avoid paying late. It will invite further charges in the form of penalties. Not only this! The current interest rate will start accruing when you miss a payment. Above all, this will be marked as negative behaviour in your credit report. Therefore, it will further ruin your credit history. In future, you cannot apply for loans.
Yes, you can obtain loans at the earliest. However, you would need to provide valid details in the application. Most importantly, if your financial profile shows signs of improvement, we will have no reason to delay the process unnecessarily. Moreover, we perform all the steps quickly and cautiously so you can have money without waiting too long.
Yes, you can apply for a loan with no guarantor despite bad credit history. However, options may be limited, and loans will have higher interest rates. These will be small loans, and repayments may be up to 36 months only.
Even while being unemployed in the UK, you can qualify for a no guarantor loan from lenders. They assess your current financial status and the income available to repay it.
With online direct lenders, loan money may arrive the same or next business day (if approved for one with no guarantor and poor credit).
Yes, no guarantor loans tend to be more costly when applied for by those with poor credit histories. This is because the loan provider feels risk in believing in your repayment ability with no support at all. The APR is also higher than that of guarantor loans.
Your borrowing limit without any guarantors involved could reach £15,000. Your final amount depends on factors like credit score, monthly income, lender requirements and payment history - these could all influence it.
Yes, we do.
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