No Guarantor Loans from £100 to £2500

Below you’ll find all you need to know about no guarantor loans

Speedy payment

Small loans can be sent today.

No obligation quote

Instant quote with a soft search and no fees.

1000's of people helped

Over 7500+ no-obligation quotes processed daily!

When it comes to your finances, it’s important to understand all the facts and figures before filling out any applications for credit, and to be sure you’re making the best choice for you when you apply. So, to help you understand the ins and outs of ‘no guarantor loans’, here’s a handy guide. We look into what no guarantor loans are, who they’re best suited to, how they can help and how Sunny can support you.

What is a no guarantor loan?

As the name suggests, no guarantor loans don’t require a second party or guarantor to be on standby to pay for you in the event you can’t make a payment. This means you can apply on your own for the money you need.

Loans without a guarantor can be a good financial solution if you aren’t in a position to ask somebody to help you if you should fall short of money, whether because they’re unable to help or because you’d prefer not to ask.

Pros and cons of a no guarantor loan

This type of loan often means there is less paperwork than is often associated with a loan where you do need a guarantor. You also don’t have to find someone to guarantee your loan for you, which simplifies and speeds up the application process.

However, it’s a good idea to be aware that interest rates can be higher for no guarantor loans. This is because they tend to be considered riskier for the lender. It also might be more difficult to get your loan approved alone, especially if you have a poor credit history.

At Sunny, loans do not require a guarantor, no matter how much you apply for, so if your application is approved you could receive your money within 15 minutes#. Although our lenders do not ask for a guarantor, all of our applications are assessed thoroughly and quickly, so we can help ensure your financial security.

Eligibility for no guarantor loans

When considering any application for a loan, lenders will examine the applicant’s address, bank details, credit history and employment details to ensure they meet their criteria, and that the loan is affordable for the borrower and their circumstances. You must also be 18 years old a UK resident and have a regular source of income to be eligible for a no guarantor loan.

Representative 89% APR

Representative Example: Borrowing: £1000 for 18 months, Total Repayable: £1853.43, Total Interest: £853.43, Interest Rate (Variable): 89.9%. Rates between 9.3% APR and 1721% APR – your no-obligation quote and APR will be based on your personal circumstances. Loan term lengths from 3 to 36 months. Subject to lender’s requirements and approval.

Sunny Loans is a registered trading name of Flux Funding Limited who are a credit broker, not a lender. Loan repayment terms are 3-36 month loans.

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

How Sunny no guarantor loans can help

Sunny aims to help as many people as possible access the emergency cash they need, when they need it. We believe in offering “life support” and strive to provide the best deal when you need money fast. Here, we’ve broken down some of the benefits of a no guarantor loan from Sunny.

Once accepted, you receive your money fast. It can land in your bank account in 15 minutes#, in some cases!

We do not charge any fees.

Our market-leading panel of lenders means we can help customers even if they have been declined elsewhere.

No Guarantor loans information hub

Here, we’ve answered some common questions around no guarantor loans. These can help if you’re confused about the loan type or the process. If we haven’t answered your question here, check out our FAQ section.

  • This loan type works like a typical cash or payday loan, you simply fill in your details and apply and we will confirm whether you have been accepted or not. You do not need to provide details of anyone who may support you with your repayments.

  • You could consider a no guarantor loan if you don’t have another person available to help cover your costs if you find you fall behind on payments.

  • Yes, it is possible. Take a look at our bad credit loans guide for more information on obtaining a payday loan with a poor credit history.

  • Yes, lenders will perform a thorough check credit and affordability assessment and consider your application based on what they find there. Your credit score is based on your financial past and is generally used to predict your future behaviour, so companies can determine how likely you are to be able to pay back any money they lend to you. If your loan applications keep getting rejected, examining your credit history is a good place to start in understanding why.

  • If your credit score is low, there are a few quick actions you can take that can help improve it. The first fix is to look at your credit score using free tools like Credit Karma, ClearScore or Experian and check that there are no mistakes listed which could be bringing your score down. If you find any potential mistakes, report them to all three of the above agencies, and the companies who filed them, as soon as possible. You can also register on the electoral roll if you are not already and close joint bank accounts, thereby ending financial associations with those who have a poor credit rating. Otherwise, borrowing small amounts and paying these back in full and on time will help to prove you are a responsible borrower.

Got everything you need?

If you feel clued up on no guarantor loans, hit the apply now button below. It’s important you understand what is involved with this type of loan and the effects it could have on you financially. We recommend you speak to an expert about your finances if you feel you need support handling money or dealing with debt.

Apply now

Looking for alternative lending options?

We encourage you to compare our loans to other short-term lenders to find what is best suited to you and your financial situation. You can also check out more information about the different circumstances when you may require one. Take a look at our guides on bad credit loans and payday loans to see how our short-term loans can help people in a range of circumstances.

Alternative Loans