Loans without a Guarantor
Via Payday UK, you can apply to borrow from £50 to £5000 without the need for a guarantor, even if you have a low credit score.
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We find no guarantor loans for people in a variety of situations. Whatever your circumstances are, with or without a guarantor, good or bad credit rating, applying with Payday UK’s broker gives you the best chance of successfully getting a loan.
We always endeavour to introduce our customers to the best deal in the shortest time, and we’re committed to ensuring it is done transparently and responsibly. You can apply without damaging your credit score and you will receive an instant decision.
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£1500 for Mary in Motherwell
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Will I be Approved?
The online Eligibility Checker is free and takes 60 seconds. Find out if you’ll be approved with no credit footprint.
Check EligibilityBad Credit No Guarantor Loans
At Payday UK, we work with a broker that has lots of No Guarantor Lenders who may still be able to help you find the loan you need.
If you have bad credit and are looking to borrow a larger amount of money, some companies will insist on a guarantor as extra security for the loan. Not everyone has access to a guarantor, however, so if you have a poor credit score, what are your options?
At Payday UK, we work with a broker that has built a large panel of lenders who specialise in providing poor credit loans to customers who can’t or don’t want to add a guarantor. You can apply for up to £5000 loan and even if you have bad credit, they may still be able to help.
How it Works
We know you need your money as soon as possible. That’s why we have designed our website to be fast and simple.
Apply Online
Fill out our short, secure form and search an industry-leading panel of lenders to find your loan.
Check Your Offer
Once you have your offer from the lender, you can review the offer and get your cash.
Get Your Money
Once accepted, your money can often be paid into your account the same day.
No Guarantor Loans: Borrow Independently Without Involving Others
When you need to borrow money quickly, the last thing you want is to ask a friend or family member to put their name on your loan. No guarantor loans let you apply independently, keeping your finances private and your relationships protected.
At PaydayUK, we connect you with FCA-regulated lenders who assess your application based on your current circumstances, not someone else’s credit score. PaydayUK never charges any fees to customers.
● Borrow between £50 and £5,000
● Repayment terms from 3 to 36 months
● Soft credit check won’t affect your score
● Over 1 million customers helped since 2020
● 7,500+ loan applications processed daily
What Are No Guarantor Loans?
No guarantor loans are personal loans where you take full responsibility for the borrowing yourself. Unlike guarantor loans, there’s no need to find someone willing to co-sign your agreement or promise to repay if you can’t.
With no guarantor loans, you bypass these complications entirely. You apply alone, you borrow alone, and you repay alone. This keeps your financial matters private and protects the people close to you from potential liability.
These loans work particularly well if you:
● Prefer financial independence
● Don’t have anyone suitable to act as guarantor
● Want to keep your borrowing private
● Would rather pay slightly higher interest than risk damaging relationships
Many people choose loans for bad credit without a guarantor for exactly these reasons.
How No Guarantor Loans Work at PaydayUK
Applying for instant loans with no guarantor through PaydayUK follows a straightforward process. Our clever technology does the hard work of comparing lenders, so you don’t have to apply to each one individually.
Complete our simple form.
Tell us how much you need and your preferred repayment term. The form takes around 2 minutes, and you can apply 24/7 including weekends and bank holidays.
We search our lender panel.
Our system instantly searches our panel of FCA-regulated lenders using a soft credit check. Your credit score stays protected, and you’ll see results within seconds.
Compare your options.
If you’re matched with lenders, compare their offers side by side. Look at the interest rate, monthly payment, total repayable, and loan term. There’s no obligation to accept any offer.
Choose and get funded.
Many lenders transfer money within hours of acceptance, with some offering transfers in as little as 10 minutes. You could receive funds the same day if approved.
Soft credit check only. No impact on your credit score. See your options in minutes.
Eligibility Requirements for No Guarantor Loans
To apply for no guarantor loans through PaydayUK, you’ll need to meet some basic criteria. These requirements help ensure you can afford the repayments and that lending is appropriate for your circumstances.
You must be:
● Aged 18 years or over
● A UK resident with a permanent address
● Holder of a valid UK bank account and debit card
● Earning regular income from employment, self-employment, or benefits
You must not be:
● Currently bankrupt
● In an Individual Voluntary Arrangement (IVA)
● Unable to afford the monthly repayments
Having bad credit doesn’t automatically disqualify you. Many lenders in our panel specialise in helping people with less-than-perfect credit histories. They look beyond your credit score to assess your current financial stability.
Self-employed applicants can also apply. Instead of payslips, you may need to provide bank statements showing regular income deposits.
No Guarantor Loans for Bad Credit
If you’ve experienced financial difficulties in the past, you might worry that no guarantor loans are out of reach. The good news is that many lenders in our panel specialise in bad credit loans.
What lenders will consider:
● Past defaults
● County Court Judgements (CCJs)
● Missed payments
● Previous IVAs
Specialist lenders understand that people’s circumstances change. They’re often more interested in your current ability to repay than mistakes from years ago.
A soft credit check won’t affect your credit score. This means you can check your eligibility for no guarantor loans for bad credit without making your credit situation worse.
What to expect with poor credit:
● Higher interest rates (lenders are taking more risk)
● Smaller loan amounts initially
● Opportunity to rebuild credit through on-time repayments
Understanding the Costs of No Guarantor Loans
Transparency about costs is essential when considering any loan. At PaydayUK, we ensure you see exactly what you’ll pay before committing to anything.
Representative example:
● Borrowing £500 for 6 months
● Monthly payment: £106.79
● Total repayable: £640.77
● Total interest: £140.77
● Interest rate: 91% per annum (fixed)
● Representative 91% APR
The actual rate you receive may be higher or lower depending on your credit history, income, and the amount and term you’re requesting. APR can range from 9.3% to 1,721% across our panel.
FCA price caps protect you:
● Interest cannot exceed 0.8% per day
● Default fees are capped at £15
● You’ll never repay more than double what you borrowed
Shorter loan terms mean higher monthly payments but lower total interest. For smaller amounts, 3 month loans can be a cost-effective option.
Why Choose PaydayUK for No Guarantor Loans?
Choosing where to apply for a loan matters. PaydayUK offers distinct advantages that make finding no guarantor loans simpler, safer, and more likely to succeed.
What sets us apart:
● Industry-leading lender panel – Access multiple options through one application
● Soft credit check – Your initial search won’t affect your credit score
● Completely free – We never charge application fees, broker fees, or any charges
● Same day funding – Most approved applications receive funds the same day
Our track record:
● 4.7 out of 5 stars on Trustpilot from 6,281+ reviews
● Over 1 million customers helped since 2020
● 7,500+ loan applications processed daily
● 24/7 online applications including weekends and holidays
PaydayUK is completely free to use. Our income comes from lenders who pay us a commission when you successfully take out a loan. This means our service costs you nothing.
Over 1 million customers helped since 2020. FCA-regulated lenders only.
Benefits of Borrowing Without a Guarantor
Choosing to borrow independently offers significant advantages beyond simple convenience.
Privacy.
Your financial situation remains between you and the lender. No awkward conversations, no explanations needed, no one else knowing the details.
Relationship protection.
Money can strain even the strongest friendships and family bonds. Borrowing alone eliminates the risk of damaging relationships if repayment becomes difficult.
Faster applications.
Guarantor loans require vetting two people, doubling paperwork and verification time. No guarantor loans skip these steps completely.
Complete control.
No need to negotiate loan amounts or terms with anyone else. Repay early or adjust your approach without involving others.
Build credit independently.
Each on-time payment builds your credit history in your name alone, improving your score for future borrowing needs.
Alternatives to No Guarantor Loans
Before committing to any loan, it’s worth considering whether alternatives might better suit your situation.
Credit unions.
Member-owned organisations that often offer lower interest rates. Find yours at findyourcreditunion.co.uk.
Payment plans.
Contact the company you owe to discuss spreading costs over time without interest charges.
Family or friends.
A private loan can avoid interest entirely, though agree clear repayment terms to protect the relationship.
Free debt advice.
Organisations like StepChange, Citizens Advice, and National Debtline offer confidential support if you’re struggling with multiple debts.
Smaller loan amounts.
Consider whether £100 loans or £200 loans might prevent over-borrowing.
What to Consider Before Applying
Responsible borrowing starts with honest assessment of your circumstances. Ask yourself these questions:
Can you genuinely afford the repayments?
Calculate your monthly income after essential expenses. Your loan repayment should fit comfortably within what remains.
Could you manage without borrowing?
Sometimes waiting a few weeks and saving proves better than paying interest on a loan.
What happens if your circumstances change?
If you lost your job or faced reduced income, could you still afford repayments?
Only borrow what you genuinely need. It can be tempting to borrow extra just in case, but you pay interest on every pound.
If you’re already struggling with existing debts, free advice from StepChange or Citizens Advice offers better support than additional borrowing.
Apply for No Guarantor Loans Today
If you’ve decided that a no guarantor loan is right for your situation, applying through PaydayUK takes just minutes. Our simple online form is available 24/7.
Why apply now:
● Checking eligibility won’t affect your credit score
● No obligation to proceed with any offer
● Over 1 million customers helped since 2020
● 4.7 star rating on Trustpilot
4.7 out of 5 stars on Trustpilot. 7,500+ applications processed daily.
Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk
Frequently Asked Questions About No Guarantor Loans
Some people taking out a loan will be worried that needing a guarantor will slow down the process too much. If you take out a loan that requires a guarantor, it means your circumstances made the lender want to add a little extra security. A young person with no credit history might need a guarantor if it’s their first-ever credit.
The guarantor also gives the lender a second port of call should you default on your loan. Some people won’t want to discuss their financial predicament with anyone else, which is another reason they will want to avoid using a guarantor.
Whether or not you require a guarantor is more often because of your circumstances rather than the amount you’re borrowing. If you’re eligible for a no guarantor loan, then you probably still will be regardless of the amount. Most lenders that require a guarantor will still need a guarantor if you only borrow a small amount of money. Some direct lenders will never ask for a guarantor, regardless of your situation.
If you have a no guarantor loan, they will contact you to see why the payment hasn’t been made. If you foresee a problem with making a payment, you should always contact your direct lender at your earliest convenience. This shows them your intentions are good, and you do want to make your payments.
Contacting the lender will often allow you to avoid this situation, as you can resolve any issues together. It also demonstrates that you’re being honest, responsible, and have a genuine desire to pay.
Some people will want a no guarantor loan because they’re afraid a loan company will contact a guarantor if they miss a payment. Most lenders will usually only contact a guarantor as a last resort. They will nearly always try to contact you first, so if you don’t ignore them, they shouldn’t need to contact the guarantor.
Not all loan companies offer the option of a no guarantor loan. Our broker has lots of direct lenders on our panel that specialise in lending money to people with a variety of circumstances, from bad credit to first-time borrowers. Some won’t need a guarantor to complete the loan and will lend you the money unsecured. This is preferable to a more traditional lender, that will probably refuse you for the loan, guarantor or not.
Other factors usually dictate interest rates. A guarantor adds an extra element of security for the lender, which does reduce the risk the lender is taking, which can reduce the interest rate. However, the bulk of the interest rate will be decided by your circumstances and credit history. A lender is more likely to ask for a suitable guarantor if you’re classed as higher risk, as a guarantor with a good credit history can help to reduce the level of risk to within the acceptable parameters for that specific lender. However, other lenders may offer you a no guarantor loan.
Our brokers panel is full of direct lenders that specialise in providing loans to people with bad credit. Some of them will not require a guarantor, others will. They will show you the best loan offer available to you regardless of whether a guarantor is required. Our brokers panel of direct lenders maximises your chances of being approved for a loan, whatever your situation.
You can complete the whole application process online on your smartphone, tablet, or computer. Our brokers direct lenders understand the importance of providing access to money as quickly as possible. Therefore, they offer an instant decision and instantly compare the loans on offer to show you the best one, doing all the legwork for you automatically.
When you initially apply for a loan, lenders will only perform a soft credit search. This type of credit check leaves no mark on your credit record and will not be visible to lenders who look in the future. It provides them with enough information to check your eligibility against the criteria of our lenders. You will already know you meet the lender’s criteria before accepting a loan offer, but the lender will still need to perform a full credit check before they release any funds, as this is a requirement of the FCA (Financial Conduct Authority).
If you then continue to make all the agreed payments on time the loan, with or without a guarantor, will only improve your credit score, as it will show you have successfully taken out credit and paid it back as per the agreed repayments.
Yes, self-employed applicants can apply for no guarantor loans through PaydayUK. Instead of payslips, you’ll typically need to show bank statements covering several months to demonstrate regular income. Lenders understand that self-employed income can fluctuate, so they’ll look at your average earnings rather than a single month. As long as your income meets affordability requirements, being self-employed shouldn’t prevent approval.
No guarantor loans through PaydayUK are safe when used responsibly. All lenders in our panel are authorised and regulated by the Financial Conduct Authority, meaning they must follow strict rules on fair lending and clear communication. FCA price caps protect you from excessive charges. The key to safety is borrowing only what you can afford to repay and understanding the full terms before accepting any loan offer.
If you’re struggling with repayments, contact your lender immediately. Don’t wait until you’ve missed a payment. Most lenders will work with you to find a solution, which might include temporarily reduced payments, a payment holiday, or extending your loan term. Missing payments without communicating will result in fees, damage to your credit score, and potential further action. Free debt advice from organisations like MoneyHelper can help if you’re seriously struggling.
PaydayUK’s representative APR is 91%, though actual rates vary depending on your circumstances. APR across our lender panel ranges from 9.3% to 1,721%. Your rate depends on your credit history, income, loan amount, and repayment term. Better credit typically means lower rates. All lenders must comply with FCA caps, ensuring interest doesn’t exceed 0.8% per day and total repayment never exceeds double the borrowed amount.
Yes, you can get a decision on no guarantor loans very quickly. PaydayUK provides an instant eligibility check using a soft credit search, and you’ll see matched lenders within seconds of completing our application. If approved by a lender, many transfer funds the same day, with some offering transfers in as little as 10 minutes. The term “instant” refers to the speed of decision rather than guaranteed immediate funding, as actual transfer times depend on the lender and your bank.
Loan guides
These guides will help you find out more about the different types of loan and lenders available.
