No Guarantor and Guarantor Loans – What’s the difference?

What are No Guarantor Loans?

A No Guarantor Loan is essentially what it says it is, a loan than doesn’t require a person to co-sign, otherwise known as a ‘guarantor’, to guarantee the repayment of the loan. The application process for this type of loan tends to be shorter as there is no need to involve other parties, although it might be more difficult for some people to gain approval, especially if you have a low credit score.

What are Guarantor Loans?

Sometimes when people are experiencing a difficult financial situation or when they have bad credit, they wish for someone with a better credit score, or more resources, to co-sign their application and improve their chances of being accepted for a loan. The guarantor acts as a fall-back option if the borrower fails to make the loan repayments, therefore the lender is more confident that they will get their money back, which is normally reflected in lower interest rates with a Guarantor Loan when compared to a No Guarantor Loan.

Why choose our loans?

We supply both No Guarantor Loans and Guarantor Loans for all types of customer - whether you have bad credit or a perfect credit score – we will find you the right lender for your circumstances.

Using our market-leading comparison tool we will gather some of the best loans online at the lowest interest rates and APR available. What’s better is that you could access between £100 and £5,000 in just 10 minutes* in some cases, all from the comfort of your own home or on the go, 24 hours a day, 365 days a year!

If you are looking for loans for poor credit, or you are just unsure if you will be accepted why not try the Loan Eligibility Checker? It leaves no credit footprint, is secure and gives you loan confidence in less than 60 seconds.

What will I need to apply?

All you will need is an internet enabled mobile, tablet or computer and a few minutes to fill out the application form. But, before you sit down please make sure you have the following to hand, proof that: you are aged over 18, a resident in the UK, that you have a regular income, that you have a valid UK bank account with an active debit card. If you are taking out a Guarantor Loan you will also need all of the above, along with a friend or family member who can be your guarantor.

Things to consider before applying

Before you apply you should consider how much you would like to borrow, how long you would like to take paying it back, and if you have the job security to enable you to keep up with the repayments. Something else that most people overlook is their health and if they will be able to work for the foreseeable future.

It is also a good idea for you to make a budget spreadsheet before you apply for a loan outlining your income and expenses, this will give you a clear indication as to how much disposable income you may have which can go towards the monthly loan repayments.

New research from Mintel has found: the majority of unsecured loan borrowers are living in ignorance as three in five Brits (60%) admit they are unaware of the interest rate being charged. (Source: Mintel)

As the above figures suggest, you need to read and understand the loan agreement alongside the terms and conditions in full prior to signing your loan agreement and contract.

We have brought your attention to the terms and conditions as these can vary depending on your financial situation and credit history. Another influencing factor is the timeframe in which you wish to repay your loan which can be between three and 36 months. A longer repayment period will mean that you incur a lower interest rate each month, but this could be higher overall.

Apply for a No Guarantor Loan or a Guarantor Loan

Whether it's a £100 or a £5,000 loan that you are looking for – we’ll provide you with all the information gathered from around the UK that will help you make the right decision.

Application is completely free, and you are under no obligation to proceed if you don't wish to.

There are no hidden costs or fees, it’s completely secure and there’s no paperwork required – simply fill out the simple application form, for an instant loan decision and the chance to get your money the same day*.

What will I need to get a short term loan?
Can I get a short term loan?

Over 18

You'll need proof that you are over 18.

Bank Account

Hold a valid UK bank account.


Have evidence of a regular income and UK residency.

Try our FastCheck tool with no impact to your credit score

Our new tool allows you to calculate your chance of being accepted for a loan.

Check out what our trusted customers had to say.

See more feefo reviews »

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.

We’re a fully regulated and authorised credit broker and not a lender.