No Guarantor Loans

Looking for no guarantor loans? Apply now for up to £1100 with Cashfloat, a trusted, FCA- authorised lender. You don’t need to have a perfect credit score or a guarantor to apply for our loans. We like to speed things up with an instant decision and if approved, we aim to fund the loan within 1 hour.

Your No Guarantor Loan Information Card
  • You can get a no guarantor loan from £200 to £1100
  • Feel free to apply, even with a bad credit score
  • You can repay your no guarantor loan in up to 4 instalments
How Much Can I Borrow?
  • 3 minutes to complete the online application form
  • 90 seconds instant lending decision
  • 1 hour from approval, the money should be in your bank account

* Average numbers

How Fast Can I have the Money?
  • We are an FCA authorised no guarantor loans direct lender.
  • We welcome people with bad-credit
  • Unsecured loans, no guarantor needed
Why Cashfloat?
FAQs about No Guarantor Loans

No guarantor loans are quite popular – but why? What exactly is a loan with no guarantor?

Loans with No Guarantor

What is a guarantor loan? Often, a lender will ask you to bring a person to act as a guarantor. Should you not repay the loan, the guarantor will have to do so – they are a ‘guarantee’ on the loan. Obviously, when there is a guarantor, the lender will be happier to lend you more money and for a longer period of time, as they are more sure of getting their money back.

However, it can be quite difficult to find someone to agree to act as your guarantor. This leads to many people searching for loans with no guarantor. These will tend to be for smaller amounts, and for shorter periods of time.

If you’re only after a small loan, you can avoid the hassle of finding a guarantor and look for a no guarantor loan instead. At Cashfloat, all of our loans are no guarantor – we trust that you’ll repay your loan on time, or give us a call to arrange something if you can’t.

No Guarantor Payday Loans

No guarantor payday loans are a good alternative for people who are looking for quick cash. Arranging a guarantor, with all the paperwork that goes along with it, often adds a lot of time onto the loan process. While a guarantor loan often means that you are more likely to be approved for short term loans UK, if you need to get the money quickly, they may not be the product you are looking for.

Instead, you can consider taking no guarantor payday loans from a direct lender. Direct lenders specialise in getting the money to you as fast as possible. This means that with a payday loan you have the option of getting quick cash, online, minimal paperwork and maximum convenience.

No Guarantor Loans Bad Credit

Have bad credit? A no guarantor loan may be simpler for you.

Sometimes, when your credit score is low, a guarantor can improve your chances of getting a loan. Lenders are more inclined to lend to someone when there is less of a risk involved.

But you might not need a whole big loan, complete with a visit to the bank with a guarantor at your side. In this you are better off searching for loans with no guarantor and bad credit – just a amall short term loan, no guarantor, bad credit accepted – nice and simple.

No Guarantor Loans – No credit Check

You have bad credit, and you are desperate for some extra cash. While it might look tempting to go for the option which seems most likely to lend to you, credit checks are designed for your safety. Many no guarantor lenders would love to accept every loan application. But responsible lenders need to make sure that the loan will not make your financial situation worse. That is why loans with no guarantor and no credit checks are going just that little bit too far into the unsafe realm.

Lenders who offer no guarantor loans have no claim over your assets if you don’t pay back your loan. But what happens if you ran into financial difficulty and your credit report shows that you failed to pay back previous loans? Will lenders still be willing to lend to you?

How Much Can I Get With a No Guarantor Loan?

Cashfloat is one direct lender offering no guarantor loans for bad credit in the UK. Since we provide smaller loans of between £200-£1100, we don’t need you to bring a guarantor. All we need to know is that you are able and reliable in paying back your loan. So, although we do check your credit report, we place a stronger emphasis on affordability checks.

If you have had difficulty repaying loans in the past, you need to be able to speak to your lender if you run up against difficulty again. When you take a no guarantor loan from a broker, you don’t really know who is lending to you, making it harder to resolve issues satisfactorily. That’s why if you are looking for no guarantor bad credit loans, no brokers are the way to go.

How Quick Can I Get My No Guarantor Loans?

One of the main advantages of a no guarantor loan is the speed of the loan process. Arranging a guarantor can take time, and you may have to wait for an appointment with the lender. But if you opt for same day loans with no guarantor needed, you can get your money today, once you have been approved for the loan.

What is the No Guarantor Loan Process?

When you apply for a loan on Cashfloat’s secure website, it goes directly through our instant decision technology. Our underwriters then make the final decision, and you will receive an email, usually less than an hour after you submitted your application form. Plus, with our same day funding, you receive the money the same day as your loan application is approved. Now, how’s that for a quick loan?

Can I Apply for a Poor Credit No Guarantor Loan?

It is easier to obtain a guarantor loan from a lender, as it poses a smaller risk. It provides lenders with higher security that they will be repaid and is usually much faster. If you have bad credit, many no guarantor lenders will not accept your loan application. Even if they do, the APR may be very high because of the risk factor. At Cashfloat, we do our best to provide no guarantor loans to people with bad credit as long as they fit our other lending criteria.

Are Instant Decision No Guarantor Loans for Bad Credit Available?

If you are worried about your bad credit rating and need an instant decision for your short term loan with no guarantor, you have come to the right place. Cashfloat is a direct lender that specialises in bad credit without requiring a guarantor. Using a guarantor often slows the process of you receiving the loan, and we offer unsecured loans that do not need a guarantor. A guarantor often allows you to take out a loan despite having bad credit. However, Cashfloat looks at more than just your credit rating. Our no guarantor loans are instant with no extra fees attached. What you see, is what you pay.

What Loans are Available that do not Need a Guarantor?

There are many different types of personal loans available for people who need a loan but do not have a guarantor to co-sign. A guarantor does not need to be a person. You could take out a secured loan by using your house as collateral. Alternatively, you could apply for an unsecured loan even for bad credit. It allows you to take out a loan without any collateral and with no guarantor. Although unsecured loans have higher APR than a secured loan, you are not putting your belongings at risk.

Why Should I Take Unsecured No Guarantor Loans?

Using your house and car as collateral or asking another person to be a guarantor poses a lower risk to the lender and therefore the loan is generally cheaper. You may not be prepared to write off your house and car potentially, or you have no one to ask to act as your guarantor. So your other option is an unsecured no guarantor loan. Unsecured loans do not use any security; therefore it can be harder to get cheap unsecured loans with no guarantor, but it is possible in the UK. At Cashfloat, all our loans are unsecured, and we will never ask for a guarantor.

Should I Get a Guarantor Loan?

Why would a person consider taking out a guarantor loan? Usually, it’s for one of two reasons:

  1. They have a bad credit score, so lenders are reluctant to lend to them
  2. They don’t have a credit history at all, so lenders have no idea how well they will manage with their repayments.

In these cases, a person who applies for a no guarantor loan may either be declined straight out, or offered an online loan UK with a prohibitively high interest rate. In order to be accepted for a loan at a regular rate, they may consider looking for a guarantor.

What to Consider for a Guarantor Loan

If you cannot meet the repayments of a no guarantor loan, you will suffer the consequences. Depending on the loan, you may lose your house, car, or other possessions, and your credit rating will suffer significantly. However, if it is a guarantor loan, your guarantor will be asked to pay. It won’t be just you who suffers, but them too.

Is this a responsibility you’re prepared to accept? If the loan is for a significant amount, your guarantor may suffer very real financial damage due to your defaulting on the loan. Of course you expect to be able to meet all the repayments, but real life does not always work out the way we want it to. Think long and hard about the implications before deciding to start looking for a guarantor.

Who to Ask to be your Guarantor

Most people will turn first to a parent or close family member. However, there is a popular saying; what’s more important to you, the money or your relationship? Far too many close family ties or deep friendships have been shattered due to money issues. If your parent or sibling co-signs a loan for you and you end up defaulting, how will that affect you relationship? It is often better to approach a friend rather than risk upsetting the family dynamics.

Make sure to ask someone who has a good credit history. The lender may require them to be a homeowner, or they may have other requirements, so look into this before asking someone.

Finally, do not take it personally if they say no. A guarantor is a very risky position, and guaranteeing a loan often prevents a person from accessing further lines of credit themselves. Just accept it and try to find someone else.

What to be Careful of with a Guarantor Loan

 If you have signed up for a guarantor loan, it’s important to keep your guarantor updated with any developments. Make sure you are both receiving all important information regarding the loan – check that both of your addresses are current and correct.

If you don’t pay, some lenders may go directly to the guarantor without sending you any letters or warnings first. If you do have to miss a repayment, your guarantor will want to hear about it from you, not your creditor. Explain the situation to them, stating when you expect to have more money available, and discuss what will happen in the meantime. Remember, their credit history will also be damaged, not just yours.

After some time, you may find that your credit history has improved. It’s always worth contacting your lender to try and renegotiate your loan to exclude your guarantor.

Should I Get a No Guarantor Loan?

As you can see, taking out a guarantor loan is no simple matter. It’s often difficult if not impossible to find someone to agree to co-sign your loan. Additionally, being unable to meet repayments can have severe and far-reaching consequences.

It’s so much simpler to get a no guarantor loan. You don’t need to include anyone else, and you don’t need to worry about who will be affected should you default on the loan. All of Cashfloat’s premium payday loans are no guarantor loans, with a super simple application process and flexible repayment system.

If your circumstances do change, and you can’t repay your loan, we are more than happy to rearrange your repayments to something that suits you better.

The Difference Between Guarantor and Guaranteed Loans

Keep in mind the difference between guaranteed and guarantor loans. When a lender offer guaranteed loans, it means that if you apply, the lender promises to lend money to you. Guarantor loans mean that you need to bring a guarantor with you to secure your loan. While we gladly offer no guarantor loans, we can not guarantee to give you a loan. We can only promise to give you a loan once you have passed our affordability and credit checks and have been approved for a loan.

Guarantor Loans Non-Homeowner

A homeowner loan involves securing your loan with your home. This means that in the case of a default, the lender can take your home instead of the loan payments. Homeowner loans are usually for larger loans of £25,000 and upwards. Securing your loan can allow you to borrow more money and improves your chances of being approved.

But if you are looking to borrow smaller amounts of money, Cashfloat offers loans with no guarantor needed at all. So, you don’t need to own a home to apply for a loan at Cashfloat. However, if you are looking for loans with no guarantor and you are on benefits, we will generally not be able to offer you a loan.

Bad Credit Loans: No Guarantor Online

Looking for a fast loan with minimum hassle? Cashfloat’s no guarantor loans online are just that – hassle-free. If you have bad credit, we’re still happy to accept your application – we care about you now, not your history.

We offer quick loans, no guarantor needed. You can fill out the application online using your mobile or PC – whatever is easiest – and receive our decision instantly. If you are approved, you’ll have the money in your account within a maximum of three hours. No wait, no fuss, just a straightforward Cashfloat loan.

Can I Get a No Guarantor Loans With a CCJ?

If you want a no guarantor loan and you have a CCJ on your credit file, you might have to do more research to find a lender that is willing to lend to you. Once you do find a lender, it is likely that you will have to prove your income or your credit worthiness. It may also help to ask the company that issued the CCJ for a letter confirming that you have resolved all issues with them.

Another option you might consider is securing your loan using a co-signer or guarantor. Lenders are usually more willing to lend to people with a CCJ if they have a back-up in case of default.

Why Should I Trust Cashfloat?

Cashfloat, is trusted direct lender that has helped more than 25,000 people. We are FCA authorised which means we follow the guidelines set out by the FCA ensuring fair and ethical borrowing. We believe in transparency; we are completely open about our interest rates and charges. Cashfloat is here to help!


No guarantor loans are easy to find online if you are just looking for a loan up to £1100. As a trusted, direct lender authorised by the FCA, Cashfloat offers no guarantor loans. We give you an instant decision, and your loan can be in your bank account within an hour if approved. Worried about your bad credit score? Cashfloat specialises in no guarantor loans for bad credit.

Written by: Becky Hall
Last modified: