Are you looking for a loan without a guarantor? Apply now for up to £1100 and have the money in your bank account same day, if approved! The application process is easy with no other people or paperwork needed. The best part is that you really don’t need to worry about your credit score. Fast loans, no guarantor, no hassle.

No Guarantor Loans in the UK

Getting unsecured credit in the UK is relatively easy to do. With the rising use of the Internet, same day no guarantor loans are becoming more and more available online. However, these loans have a downside of being more expensive than if you were to use a guarantor. Additionally, you are more likely to be approved even if you are unemployed or on benefits as long as you have collateral (such as a home or car) to secure your loan with.

Still, with all the benefits, finding and applying with a guarantor takes a lot of paperwork and time. So, if you’re in a rush or you simply don’t want any strings attached, quick loans with no guarantor online are a safe option to consider as long as the lender is authorised and regulated by the Financial Conduct Authority.

Loans Without a Guarantor With Credit Score Issues

Need to borrow but don’t have good credit? Although your chances of approval are higher if you have a guarantor, it may be simpler for you to apply without. There is no paperwork, no hassle and you can get funded same day even with bad credit.

Can I apply for a loan with no credit check?

It’s not recommended to apply for no guarantor loans with no credit check. According to the FCA, all lenders in the UK must perform a credit check before approving any loan. Any lender offering to approve your application without performing a credti check is unauthorised and probably dangerous. As an FCA regulated lender, we provide safe payday loans with no guarantor. If you have bad credit, you can still apply! Don’t put your safety at risk with no credit check loans.

Can I get no guarantor loans from a direct lender?

Cashfloat is a trusted no guarantor payday loans direct lender in the UK. There are no hidden fees, no application fees and definitely no broker fees! When you have very bad credit, applying for loans without a guarantor from a direct lender rather than a broker is safer as it ensures that your credit report will only be accessed by one lender. If too many lenders look at your credit report, it can damage your credit score further.

Loans with a Guarantor

When you have a guarantor on a loan, this person will have to pay the debt if you can’t. With guarantor loans, lenders will usually lend you more money for more time as they’re more sure of getting their money back. Since it can be hard to find someone to agree to sign on, many search for loans where they don’t need a guarantor. These tend to be short term loans for for smaller amounts.

Does this type of loan have a lower APR?

It’s often cheaper when someone else accepts responsibility for the repayments as there’s less risk involved for the lender. If you have bad credit, no guarantor lenders may still accept your application but with a higher APR. If your credit is really bad, you might be better off applying for low interest guarantor loans. At Cashfloat, we do our best to provide low APR loans for bad credit without requiring a guarantor. If we can’t help you, cheap guarantor loans could be another alternative.

Can I get instant payout if I’m approved?

Naturally, guarantor loans take longer to arrange as lenders will want to look into your proposed guarantor’s credit history etc. The best guarantor loans will be the ones that manage to carry out the process as swiftly as possible. To find the best direct lenders for these loans, you’ll need to compare guarantor loans online to see which lenders offer the features that you are looking for. If you’re only after a small amount, you can avoid the hassle of getting someone to agree to sign on and look for no guarantor loans instead.

Why Should I Trust Cashfloat?

Here at Cashfloat, we provide no guarantor loans from a direct lender. As a firm regulated by the Financial Conduct Authority, we always put the safety of our borrowers first and carry out traditional credit checks on all applications. As transparency is one of our core beliefs, we are completely open about our interest rates and charges. Cashfloat has already helped tens of thousands of UK customers in the UK – we’re here for you!

No guarantor loans are easy to find online if you are just looking for credit of up to £1100. At Cashfloat, we give you an instant decision and your money can be in your bank account within an hour, if approved. Worried about your bad credit score? Cashfloat specialises in bad credit loans – no guarantor, guaranteed!