No guarantor loans

  • Fast 3 to 60 month online loans
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  • Find a loan with no guarantor required
  • Accept and get your cash in 10 minutes*
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Affordable repayments
Affordable repayments

Representative example: Amount of credit: £1200 for 18 months at £90.46 per month. Total amount repayable of £1628.28 Interest: £428.28. Interest rate: 49.9% pa (variable). 49.9% APR Representative.

Rates between 11.8% APR and Maximum 1698.1% APR. Loan term lengths from 3 to 60 months. There are no fees for our service.

Did you know that there are hundreds of FCA-regulated and authorised lenders and brokers who specialise in offering bad credit loans to people who have had financial problems in the past? Or even if they have no credit history at all?

And, better still, these lenders and brokers don’t need you to find a guarantor who will make repayments for you if you fall behind on your bad credit loan.

Guarantor loans are not for everyone – we understand that. The good news is that there are now hundreds of bad credit loan options available for borrowers who don’t like the idea of asking someone to guarantee the rest of their repayments for them if they can’t meet those repayments themselves.

With Growing Power, you can apply straight away to more than forty FCA-regulated and authorised lenders and brokers, many of whom don’t require a guarantor, by using our simple application form.

No guarantor loans – what you need to know

What is a no guarantor loan?

With a no guarantor loan, you are fully and solely responsible for the repayments. As with other types of loan, your lender will expect to be able to collect the repayments you’ve agreed to make from your bank account on time and in full.

The interest rates on a bad credit loan are often higher than the loans you might take out from a bank because there is no guarantor and because you have a less than perfect credit history.

Because there are now so many lenders offering no guarantor bad credit loans, you can let brokers like Growing Power do all the hard work on your behalf to find you a loan that’s both affordable and competitive (subject to eligibility).

Will I be approved for a loan without a guarantor?

You don’t need a guarantor to be approved for a bad credit loan. In the past, not having a guarantor could mean that:

  • you might be turned down for a loan or
  • you might be offered one that was so expensive that you realised that, when you did the sums, you couldn’t make the repayments.

This situation has changed a great deal in just a few short years. Now, people with bad credit or no credit history are not completely shut out of the loans market, even if they don’t have a guarantor.

Ready for a quick loan?

Loans for bad credit applicants with no guarantor - do they exist?

Yes. And the loans for bad credit applicants we can find through our panel of lenders are all Financial Conduct Authority (FCA)-authorised and regulated. That’s important because the FCA governs which companies in the UK can legally make or broker loans, and what terms those loans are offered under.

Bad credit loan providers work very differently to mainstream lenders. Credit scores are still very important to all lenders, however bad credit loan companies also take account of something called the “affordability check” – you complete this as part of your loan application.

When they’re making a decision about whether to give you a loan, bad credit lenders also factor in your personal and financial situation as it is today. Among other things, they’ll take into account:

  • how much you earn,
  • what job you do,
  • how long you have been with your current employer for, and
  • how much you spend every month on your outgoings.

Can Growing Power help if I have a bad credit score?

Growing Power may be able to help borrowers with a bad credit score – all you have to do is to apply through us. We have a large panel of specialist lenders, many of whom make new loans every day for borrowers with bad credit scores.

Each lender has their own eligibility criteria – in other words, who they want to lend to and the types of loan they like to make. And when a lender applies to be a member of our panel, we ask them about the type of borrower they’re happiest to work with.

They’ll tell us the level of income they like a borrower to have, how long they’ve been at their current address, how much they feel comfortable with a borrower spending every month, and so on.

When you apply for a loan through us, we examine the information you’ve given us so that we only send your application to the lenders most likely to say “yes” to your application based upon your personal circumstances and the size & type of loan you need.

If a lender then comes back to us and tells us that they want to find out more about you, we’ll then automatically redirect you to their website to complete their application form.

For most borrowers, this could save you a lot of time rather than applying direct to lender after lender because:

  • you only have to fill in one application form with our service and
  • you don’t accidentally apply to lenders who would say “no” because you don’t meet their criteria in the first place.

How safe are bad credit loans without a guarantor?

Bad credit loans without a guarantor are very safe because they are regulated by the FCA. Our lenders have lots of experience in providing loans to a range of customers including those looking for poor credit loans/emergency poor credit loans.

There are no hidden fees – in fact, all interest rates and other charges are displayed in clear before you accept any loan offer we find for you. Growing Power believes that borrowers should be in control so that means that we provide you with all the information you need to make before you make a decision.

I am struggling to repay my debts. What should I do?

If you have debts and you’re struggling to repay them, you may wish to consider contacting one of the following six debt charities and organisations – StepChangePayPlanNational Debtlinethe Money Advice Servicethe Debt Advice Foundation, and Citizens Advice. Their services are free of charge.

If you are in a tough spot financially at the moment, you should not take out a bad credit loan if making the repayments would cause you or your family hardship.

You should also not take out a no guarantor bad credit loan if you intend to use the loan to make the next repayments on any outstanding loans or credit cards you have if you have no other way of making those repayments.

Let Growing Power do the work required to find you a competitive and affordable loan for you from our panel of lenders.

Our service is free of charge and you’re not obliged to take out any loan offer we find you. To start your application, please click here.

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