No Guarantor Loans

In need of a loan but don't have a guarantor to support your application? Forces Compare can help you find the finance options suited to you through our trusted partner, including no guarantor loans.

Borrow no guarantor loans from £50 to £2,500, with a range of repayment periods from 3 to 24 months.

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Need a loan to suit your unique circumstances but don’t have a guarantor to help? You could find a range of different no guarantor loan options available through Forces Compare.

While you may think most loans without a guarantor are technically no guarantor loans – and technically you’re right – this doesn’t make up the whole picture when it comes to this type of borrowing.

Representative Example: Borrow £550 over 6 months at a flat rate of 207.6% per annum (fixed) with a representative 1013.3% APR you will make 6 monthly payments of £186.82, repaying £1120.90 in total. Loan term lengths from 1 to 60 months.

Warning: Late repayment can cause you serious money problems. For help, go to

Key Features

  • Borrow £50 – £2,500.
  • Repay over 3 to 24 months.
  • Early repayments available.
  • Borrow a loan with no guarantor necessary.
  • No impact to your credit score.
  • No upfront fees.

What is a No Guarantor Loan?

To understand no guarantor loans, it’s firstly important to know what a guarantor loan is. Guarantor loans are a type of finance where a guarantor is used as security that the loan will be repaid. This guarantor is typically a family member or close friend, and agrees to be responsible for the repayments on the loan should the main borrower fail to keep up with such repayments.

Technically most loans that do not have a guarantor are no guarantor loans. However, it appears that the term no guarantor loans has evolved, commonly used to refer to those with bad credit who do not have a guarantor to help them apply for finance.

Guarantor loans are generally considered quite useful for those with a bad credit history. Applicants with a poor or non-existent credit history may struggle to apply for finance with certain lenders. However, by involving a guarantor with a good credit history who is deemed a lower risk to lend to, such applicants may find it easier to access the finance they need in spite of their credit history.

However, many borrowers with bad credit may also not have a viable guarantor to help them. The term no guarantor loans is therefore often used for those in such circumstances – whereby someone with bad credit can be eligible for the loan without a guarantor.

Should I Take Out a No Guarantor Loan?

As the name suggests, many may consider taking out a no guarantor loan when they cannot find an appropriate guarantor to help them obtain a loan. Guarantors typically have to have certain qualities that deem them, in the lenders eyes, as a low risk to lend to, including having a good credit score, showing they can afford the repayments should it come to this, and also, often lenders like to see guarantors with homeowner status.

Unfortunately, not everyone has someone in their lives willing to be a guarantor. For these types of people, who may also have a low credit score, a no guarantor loan may be a good option to explore.

No guarantor loans mean that the weight of your own financial commitments aren’t also on someone else’s shoulders – such as a close family or a friend. This type of loan enables borrowers to manage their own loan, with responsibility for repayments being entirely their own.

Before applying for a no guarantor loan, it’s important to consider the following:

  • Will you be able to keep up with the repayments?
  • Are you aware of all the terms and conditions of the no guarantor loan you are applying for?
  • Is this loan necessary? Are you sure this is the best financial move for you to make?
  • How much do you need to borrow?
  • How long to you need to borrow this amount for?

As when applying for any type of finance, it’s vital that you firstly assess your current financial situation and make sure you only apply for loans you can actually afford.

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Can I Get a No Guarantor With Bad Credit?

In short, yes, you may be able to get a no guarantor loan, even if you have bad credit. While it’s common for direct lenders to assess loan applications partly based on the applicant’s credit history, some providers offer a more accommodating service to those with bad credit, helping such individuals to access the finance they need without the help of a guarantor.

For more information on these types of no guarantor loans, please visit our page on bad credit loans.

What Are the Eligibility Criteria for No Guarantor Loans?

As technically, there are a variety of different loans that fall under the no guarantor loans category, the eligibility criteria for such a loan can vary considerably.

However, when referring to a no guarantor loan for those with bad credit, as the name suggests, your credit score will not be such a determining factor as it is with other types of loans.

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Some of the more general criteria most applicants will have to meet in order to be eligible for a no guarantor loan can include:

  • Being a UK resident.
  • Being able to demonstrate that you can afford the loan.
  • Being aged 18 years or over.
  • Owning your own current account.

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