Are you looking for a loan without a guarantor? Then Cashfloat is your next port of call. Our loans are no guarantor and unsecured. We do not ask you to secure your loan against any collateral, be it, your car; your house or to co-sign with another person. You can borrow up to £1100, and if approved, we provide you with the cash into your bank account on the same day. When it comes to repaying, you repay your loan in automatic instalments between 1 month and 4 months.

What is a No Guarantor Loan?

A no guarantor loan is when a lender allows a person to borrow money without having any collateral or person to co-sign and secure the repayment. A no guarantor loan is sometimes called unsecured loans and can be either for the short term or the long term. However, they are likely to be more expensive because the risk of getting the money back is higher than a guarantor loan. There are many advantages to a loan without a guarantor, including:


You may not have the time to wait for a guarantor. But with us, it usually takes minutes to apply and you do not need to wait around for additional people to co-sign the loan.

No paperwork

There is less hassle because everything is completed online. You usually do not have to provide any personal signatures as it is an unsecured loan.


You may not want to expose your financial troubles to family and friends. A no guarantor loan is a private borrowing arrangement between you and the lender only. No additional third party needs to be involved.

Loans Without a Guarantor with Credit Score Issues

Need to borrow but don’t have good credit? Although your chances of getting accepted 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 the same day even with bad credit. As a responsible and fair lender, Cashfloat uses your credit score only as a starting place when it comes to making a personal loans decision. If your income and other financial information show that you will be able to afford the loan repayments, then we are likely to grant you a loan. However, no guarantor loans are usually more expensive than a guarantor loan. It is important to consider the extra expense before taking out loans without a guarantor.

Can I apply for a no guarantor loan with no credit check?

It’s not recommended to apply for no guarantor loans with no credit check. According to the FCA, lenders in the UK should perform a credit check before approving any loan. Any lender offering to accept your application or will guarantee you a loan without performing a credit check is unauthorised and probably dangerous. As an FCA regulated lender, we provide safe payday loans with no guarantor. If you have poor 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 (see our privacy policy). If too many lenders look at your credit report, it can damage your credit score further.

Which Type of Loan Works for You:
Guarantor or No Guarantor?

There are advantages and disadvantages for both loans with a guarantor and loans without. In this section, we highlight the different aspects of the loans so you can make a more informed decision.

Borrow higher amounts for longer

Firstly, when you have a guarantor on a loan, the guarantor will have to pay the personal debt if you can’t. One advantage using a guarantor loan is that lenders will usually lend you more money for a longer period. This is because they are more confident that someone will repay the money – either yourself or the guarantor. Since it can be hard to find someone to agree to sign on the guarantor loan, many search for loans where they don’t need a guarantor. These tend to be short term loans for smaller amounts and as mentioned, faster, simpler and obviously without the agreement of a guarantor.

Cheaper and 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 option.

Faster payout

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 the loan and look for no guarantor loans instead. Cashfloat can offer loans today if approved.

Guarantor Vs. No Guarantor Loans: Which is the Best for You?

Why Should I Trust Cashfloat?

Here at Cashfloat, we provide fast no guarantor loans from a direct lender for those who need financial help. 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 entirely 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 looking for credit of up to £1100. At Cashfloat, we give you a free instant decision, and we can fund the money in your bank account within an hour if approved. Worried about your bad credit score? Cashfloat specialises in bad credit loans – no guarantor, guaranteed!