No Guarantor Loans

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Representative example: Borrow £700 for 6 months. 1st monthly repayment of £168.45 , 4 monthly repayments of £224.60 , last monthly repayment of £112.20. Total repayment of £1,179.05. Interest Rate p.a. (fixed) 185.39%. Representative APR 611.74%.

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

Are you looking for a loan but are not able to secure it with a guarantor? Or perhaps you just want the money quickly without the hassle of getting a guarantor? At PaydayBadCredit, we can lend you up to £1500 without a guarantor and you can have the money deposited into your account the same day.


We believe that you should be able to access fast funds and loans with no guarantor required. In addition to being a direct lender, we also work with some established FCA lenders in the UK who are willing to accept an application with just you and no guarantor required. This means that you can apply directly through our website, and provide that you meet the series of affordability and credit checks, we can transfer up to £1,500 to your bank account.


Simply complete our application form today in just under 5 minutes. You will be asked to submit your name, residence, income, expenditure, employment and bank details so we know where to send the funds. Your application will be sent through a number of checks and if successful, funds can be sent within 1 hour or the same day.

What Are No Guarantor Loans?

No guarantor loans are ones which allow you to borrow up to £10,000 and there is no guarantor required as part of the application. Specifically for those with adverse credit, the role of a guarantor has become popular as a way to add additional security to a loan. It gives the lender piece of mind knowing that they can lend out a few hundred or thousand pounds and there is an extra person, with good credit, who has agreed to ‘back up’ the loan and repay if the main borrower defaults.

The challenge of a guarantor loan is that you need to find someone trustworthy and with good credit to be involved in your loan agreement. Not everyone wants to share their financial situation with other people or potentially involve another person in their finances. Similarly, some people do not want to act as guarantors, realising that there is a risk and financial burden if the person cannot repay.

For this reason, there is a demand for no guarantor loans, one where you can simply apply one-on-one with the lender, without any other parties involved. You therefore have the financial independence but also be aware that there is a responsibility to repay the loan on time because you do not have any cushion to fall back on.

stay financially independent getting a loan without a guarantor - Paydaybadcredit

What is The Criteria?

The criteria for loans with no guarantor required tends to vary from lender-to-lender. The criteria for Payday Bad Credit is:

  • Applicant is over 18 years of age
  • Applicant is UK resident
  • Applicant is employed, part-time or full-time and earning a minimum of £500 per month
  • Applicant is able to make repayments on time
  • Has an average to good credit score (we take a view on bad credit and recent CCJs)
  • A valid current account, email address and phone number

This is the initial criteria to be eligible to apply. Once you have submitted an application, there are further checks carried out to assess your credit history and affordability – to match what you have asked to borrow and what you can afford to repay. If you are looking for payday loans bad credit, you may be limited in the amount you can borrow. However, those with better credit status and a regular income may be more likely to be accepted and receive the amount they have requested.

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Why Would You Apply For Loans Without a Guarantor?

No need to find a guarantor: Some people search for loans without a guarantor because they have not quite find the right guarantor for them. Some lenders have very strict criterion and only allow homeowner guarantors and a certain credit score. Similarly, they may not have found a close friend or relative who is willing to co-sign their loan agreement. Instead, they would prefer to apply directly.

No burden on a guarantor: Having a guarantor means placing a potential financial burden on them. After all, they are required by contract to step in and make repayments on the main borrower’s behalf if they do not repay their loan on time. With some guarantor loans offering up to £15,000, the potential responsibility placed on a guarantor can be enormous and life changing.

Access finance faster: Non guarantor loans can potentially be accessed faster because there is not an extra person involved in the application. This means that you are not relying on a guarantor to find time and complete a loan agreement, speak to the lender or run through checks. A short term loan without a guarantor can be funded in an hour or day whereas a guarantor product can typically be 2 to 3 days to cover all the checks.

This is ideal for emergency expenses when you have a boiler on the brink, car repairs or a medical bill that needs paying. Sometimes we do not have the luxury of a few days or a week to get the finance we require and instead we look for funds on the day that we apply for them.

How Can I Get a Loan Where No Guarantor is Required?

  • Good credit score: Those individuals with average or better credit ratings are more likely to access non guarantor loans. This is because they can rely on their own creditworthiness without needing to leverage someone else’s.

    One can achieve a good credit score by building up a history of repaying loans and credit cards on time and avoiding defaults where possible. Other good practices include joining the electoral roll to show that you are a real person with a real residence and closing any accounts that you are not using such as store cards, credit cards and old loans.

  • Low debt-to-loan ratio: Ideally lenders want to see that you have very few loans open. For those that have a lot of outstanding debt, the lender begins to wonder whether you will be using their funds to repay other loans and this can potentially cause a spiral of debt. You also want to typically avoid making lots of loan applications within a short space of time. This is picked up by credit reference agencies like Equifax, Experian and CallCredit and have too many applications starts to raise alarm bells to potential creditors.
  • Stable income and employment: Loan providers will certainly feel more at ease knowing that you have maintained a stable job for a certain number of years and bring in a regular salary. This can usually be confirmed via a bank statement or payslip. But the lender wants to know that you can repay your loan each month and having that regular income gives them peace of mind.

Apply For a No Guarantor Loan With Payday Bad Credit

Payday Bad Credit is a moral and well trusted direct lender in the UK. We will always do our best to grant your loan successfully within the same day. In the event that your loan is not successful, we can recommend you to a partner website who may be able to assist. Our site is completely free to use and we will not pass on your details to any lender without your permission.

Customers have the option to apply 24 hours a day, 7 days a week and we accept applications on desktop, mobile and tablet. We may carry out some additional checks such as a phone call or request documentation to confirm your eligibility. This is all relevant to help us get you the funds you need, as quickly and efficiently as possible.


Representative example:

Borrow £700 for 6 months. 1st monthly repayment of £168.45, 4 monthly repayments of £224.60, last monthly repayment of £112.20. Total repayment of £1,179.05. Interest Rate p.a. (fixed) 185.39%, RAPR 611.74%. Our APR includes all applicable fees. Daily interest is capped at 0.798%.

Payday Bad Credit is a trading style of Western Circle Limited – Company Registration Number: 7581337. We are fully authorised and regulated by The Financial Conduct Authority.
FCA full permission license: 714479
ICO Registration Number: Z3305234

Payday Bad Credit terms and conditions apply.

Applicants must be 18 or over. All loans are subject to affordability, applicant verification and traditional credit checks via various national databases by Payday Bad Credit responsible lending policy. Loan limit maximum of £1,500.

In most cases, loan decisions may take up to 30 minutes during office working hours.
If your bank does not support Faster Payments, funds will be sent to your account the same day as approval so long as you’re approved by 16:30.

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