How To Get No Guarantor Loans

By Mark Robert


No Guarantor Loans

A non-guarantor loan is a loan that doesn't require another person with a better credit rating, perhaps a family member or friend, to co-sign or guarantee the repayment of the loan. If you don't want to take out a guarantor loan, you could still get accepted for a loan without a guarantor with us, even if your credit rating is less than perfect.

What are No Guarantor Loans?

A guarantor is someone who makes a promise to a lender that a loan or other type of debt will be paid. In most cases, a guarantor signs a contract that states that if the borrower is unable to pay back the loan, the guarantor will take over the payments. The term is most commonly used in reference to financial assistance.

If you're happy to ask a family member or friend to be a guarantor for you, then a guarantor loan might be the right choice - if the guarantor has a better credit rating than yourself, you might be able to get a better interest rate and terms as you're effectively at a lower risk of not paying the loan back each month.

Get No Guarantor Loans

Don't put off getting a loan for the cash you've been looking for just because you don't have a guarantor. With no guarantor loans from us you can apply for the cash you need. Don't let other lenders pull you in for meeting after meeting. With us there's no travel and no guarantor needed. Apply today!

Can you offer loan to bad credit also?

This question depends on the potential borrower. We require borrowers to be at least 18 years old, along with having a valid bank account, evidence of employment and UK residency. As far as credit rating, we consider all applicants based on their individual credit history and associated risk.

How long does the lending process take?

Getting an unsecured loan 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, loans with no guarantor have a downside of being more expensive than loans with a guarantor. Also, unlike unsecured no guarantor loans, you can get a guarantor loan 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.

What are the loan options?

We offer its customers the Loan Builder, a personal loan option created to cater to each individual borrower's unique financial situation. With variable loan amounts available up to 2,000, customers can apply for a loan capable of handling a variety of situations and circumstances. And thanks to fluid repayment periods anywhere from six to 12 months, customers can select a loan that suits their needs without straining their ability to repay.

Can I find guarantor loans with instant payout?

We recommend to all of our customers that loans be used in emergencies. While the definition of 'emergency' can certainly change depending on who you ask, we define them as unexpected complications with substantial costs attached. Whether this means auto repair, home reconstruction or some other unplanned for emergency, it's important to remember that these short-term loans should be taken on only when absolutely necessary.




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