No Guarantor Loans

Compare Loans Without a Guarantor

Guarantor loans are great for people who have a history of bad credit; the role of the guarantor is to act as security should the customer default on their payment. Getting a person to guarantee your loan can be difficult, however. You must be able to find someone who has a good credit score and who is willing to be your guarantor for this type of loan. It is important to remember that your guarantor can be at risk financially if you fail to make your repayments. With a no guarantor loan, there is no need for you to enlist the help of a friend or family member when obtaining financial support.

The criteria for applying

Whilst the criteria may vary between lenders, the eligibility factors include:

  • Must be a UK Resident;
  • Must be over 18 years of age;
  • Must have a working debit account, email address & phone number;
  • Must be employed, earning at least £500 per month and able to afford monthly repayments;
  • Must have no history of bankruptcy, CCJs or IVAs.

To increase your chances of getting a no guarantor loan, you will need to have a good credit score. A no guarantor loan is a kind of unsecured loan, which means that the lender can rely on your creditworthiness without needing something to secure your loan against, like a home, a car, or a guarantor. Your credit score does not have to be perfect in order to get a no guarantor loan from Proper Finance, but the better your credit score, the easier it will be to get your loan, guarantor-free.

How does our site work?

Firstly, use our free and simple comparison table to compare rates from our list of featured lenders. You can click through and apply on their website directly. Alternatively, you can provide us with a few of your details and one of our partners will get back to you as soon as possible to discuss your options.

Because we have partnered with multiple lenders, we are able to offer you the choice you deserve when it comes to finding the right loan for you. With us, you are free of the restrictions and set-rates involved in looking at a single lender.

We allow you to borrow from £50 up to £50,000 from one of our many lenders.

The main benefits of using our website include:

  • No upfront fees
  • We will not pass on your details to third parties without your permission
  • Our site is on a secured server (https) to protect your details
  • Compare rates from several competitive lenders
  • Choose from over 50 different loan products

What happens if you cannot repay your loan?

Failing to repay your loan may result in your credit rating being negatively impacted, which could harm your ability to access other financial products in the future. If you take out a loan that is secured against an asset, such as your home or your car, defaulting on your repayment could lead to the repossession of that asset.

Please ensure that you choose a realistic repayment term when applying for a loan with any one of our providers such that you are able to make your monthly payments. If you expect that you will not be able to make a monthly repayment, ensure to let your chosen lender know in advance. Most lenders have sympathetic policies which allow for a grace period of a couple of days if you ensure to notify them of your situation.