No Guarantor Loans

No Guarantor Loans

from £100 to £2500

Representative 1266% APR

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

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.

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 or because you’d prefer not to ask. However, some lenders are more likely to accept loan requests if there is a guarantor present, for the simple reason that they can be more confident the money they lend will be repaid.

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.

Eligibility for no guarantor loans

When considering any application for a loan, we examine the applicant’s address, bank details, credit history and employment details to ensure they meet our 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.

No guarantor loan example

Our loan sizes range from £100 to £2,500. Therefore, it’s likely we offer a flexible loan suited to your needs. For example, if you take out a loan of £150 with us, over a term of 6 months – your total repayable amount, with 1,293% representative APR, would be £299.82. This can be paid in monthly instalments each costing £49.97, although you can also make your payments weekly or fortnightly depending on your own pay schedule. Use our calculator below to see which option could work out best for you.

Monthly Rate
24 %

Based on a 30 day month

Loan Term
6 Months

The loan term is fixed but you can repay early at any time

Representative example
£100 for 6 months
Interest rate
292% pa (fixed)
6 repayments of
Total amount repayable
1266% APR
Max APR   %

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 approved 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 in the event an emergency arises, or, once you have a loan, 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, we will perform a credit and affordability assessment and consider your application based on what we 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 or you simply haven’t used credit before and so don’t have any credit history, 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 Noddle, 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, as this can give your credit score an immediate boost. Otherwise, borrowing small amounts and paying these back in full and on time will help to prove you are a responsible borrower.

How a Sunny no guarantor loan 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, if approved.

We do not charge any fees, just interest. If you repay your loan early, you’ll save money on interest, too.

Our customers love that we offer you the chance to change your mind. If you don’t need your loan, call to let us know and repay within five days and you won’t pay a penny in interest.

More information on no guarantor loans

Loans without a guarantor often mean 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, most of our 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 we do not ask for a guarantor, all of our applications are assessed thoroughly and quickly, so we can help ensure your financial security, check that your are eligible to apply and receive one of these loans and can make repayments with ease.

Comments from Sunny customers

We’ve helped a lot of people looking for emergency cash and they’ve called us many nice things in return – fast, reliable and brilliant are just a few words used to describe our service. Take a look at our Trustpilot reviews** and get in touch if you need any more information.

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.

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.