WARNING: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk/en. BadCredit.co.uk is a broker, not a lender.

Rates from 12.9% APR to 1625.5% APR.

Representative Example: £1,000 borrowed for 18 months. Repayment of 17 Months at £87.22 and final repayment of £87.70 The total amount repayable is £1570.44. Interest amounts to £570.44, an annual interest rate of 59.97%. Representative APR: 79.5% (variable)

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At BadCredit.co.uk, we could help you get loan you need faster and with less effort. We quickly analyse our panel of lenders for you and present you with the best match, making the whole loan process of securing a loan easier and giving you significantly better odds of being approved.

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Our group of lenders use cutting-edge technology to process applications quickly, which can lead to super fast approvals and even same-day funding from some lenders. But remember, approval speed and funding times might be different depending on the lender you’re matched with, so we can’t guarantee you’ll be funded on the same day.

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We work with a wide range of lenders and brokers, and we compare them without performing a hard credit check on your file. Our panel carries out a soft search, which only you can see on your credit report. We use the information you provide to pinpoint the lowest cost lender in our network who’s likely to approve your application.

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Skip the phone calls and paperwork – simply fill out our form with the required details to match you with the ideal provider. Once submitted, you’ll instantly see your personalised loan and credit options tailored to your needs.



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Unlike some of the larger comparison websites that are owned by product providers, who often push their own products first, BadCredit.co.uk is entirely independent and unbiased. Our dedication to impartiality ensures that we focus solely on providing you with the most suitable options for your unique financial needs, without any hidden agendas.



Current best unsecured no guarantor bad credit loan direct lenders


We’ve compared hundreds of loans and compiled a list of the top 5 UK loans from lenders who might offer loans to individuals with a less-than-perfect credit history.

Try our eligibility checker to receive a free quote from our panel without impacting your credit score. Keep in mind if, after receiving your quote you formally apply for a loan with a lender they will perform a hard credit check which will affect your credit file.

Keep in mind: our panel may change over time, and we might not compare all lenders featured in our top 5 list.

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Frequently asked questions (FAQ)

What is a no guarantor loan?

A no guarantor loan means there’s no need for another person to cosign a loan agreement for the purpose of guaranteeing to keep up with repayments. Therefore, the burden of paying back the loan is solely on your shoulders. 

The lack of a guarantor could make it harder to successfully apply for a loan, and the interest rate could be higher for the repayment. That’s because no guarantor loans are riskier for the lender, so they increase the interest rate to cover the risk. 

When getting a no guarantor loan, make sure you can afford to make the repayments on time, or otherwise, your credit rating could be negatively impacted.

What are the pros and cons of getting a no guarantor loan?

The pros and cons of getting a no guarantor loan include:


  • Emergency money: Access money relatively quickly to address your financial emergency. This could be for car repairs, mortgage, living costs, or emergency medical bills. 
  • Don’t involve friends or family: Choosing a no guarantor loan means there’s no need to ask friends or family to help get the loan. This can avoid potentially ruining your relationship because of financial matters. 
  • Quick processing time: You might get a quick response for your loan application and potentially get the money on the same day. This could help you access the funds quicker in emergencies. However, there’s no guarantee of getting the funds quickly since it depends on factors outside of our control. 
  • Improve credit score: You could potentially improve your credit score if you make the loan repayments on time, which could make it easier to get a loan in the future. 



  • Lower credit score: Fail to successfully apply for the no guarantor loan or avoid making repayment on time, and your credit score might decrease. This makes it harder to get loans in the future. 
  • Lower approval rate: Overall, no guarantor loans are more difficult to get approved compared to guarantor loans.
  • Debit spiral: If you face unforeseen financial hardship during the loan repayment period, you might struggle to pay back the loan. This can lead to added fees and higher interest rates, which could lead to a debt spiral.
How does eligibility for no guarantor loans work?

Eligibility for no guarantor loans works by the lender examining your credit history, bank details, address, and employment details. The lender will look at your details and compare them with their criteria. Additionally, you must be a UK resident and be 18 years of age. 

It’s important that you have a regular source of income with money left over after living expenses. This gives lenders confidence that you can make the no guarantor loan repayments on time.

How much can I apply for with a no guarantor loan?

The amount you can apply for with a no guarantor loan depends on the lender and your financial situation. Once you make a formal application, you’ll receive a minimum and maximum loan amount. 

Some lenders may provide a higher loan amount to the same individual because they have different criteria and risk tolerance. Therefore, you should compare no guarantor lenders to find a loan amount that meets your requirements. 

Finally, no guarantor loans are riskier for lenders, especially if the applicant has bad credit. Therefore, expect no guarantor loan to have a smaller maximum loan amount compared with guarantor loans.

What are the fees associated with no guarantor loans?

The fees associated with no guarantor have to be transparently outlined for lenders because it’s required by the FCA (Financial Conduct Authority). Therefore, you can expect our lenders to be upfront about the costs. Here are the different types of fees to consider with no guarantor loans:

  • Interest rate: The main fee with no guarantor loans is the interest rate. Here at BadCredit.co.uk, you’ll find rates of 12.9% APR to 1,625.5% APR. The interest rate you pay varies depending on the lender and your financial profile. 
  • Early payment fee: Some lenders may charge you a fee if you want to repay the no guarantor loan earlier than the agreed-upon date.
  • Late payments: You could be charged a fee for making your repayment late. Also, the size of the fees could get higher the longer you take to pay after the agreed-upon dates. 
Can you get a no guarantor loan with bad credit?

Yes, you can get a no guarantor loan with bad credit, but there’s no guarantee. Lenders use your credit score to judge the risk factor of lending you money. If your credit score is too low, then a no guarantor loan may not be granted. 

Also, no guarantor loans with bad credit could face higher interest rates. This means it’s more expensive to get a loan with bad credit. Also, getting a guarantor could improve your chances of a successful loan application and might reduce the interest rates if it’s an option for you.

Can you get a no guarantor on the same day?

You can get a no guarantor loan on the same day, but it’s not guaranteed because it depends on the time of day you make the application and your chances of getting approved. Here at BadCredit.co.uk, we are an FCA approved loan comparison website that matches you to the best lender for your financial situation from our panel. This could improve the chances of getting a quicker loan.

Can I get a no guarantor loan without a credit check?

No, you will need a credit check to get a no guarantor loan. Firstly, here at BadCredit.co.uk, we will do a soft credit check to evaluate your financial situation and match you with the most relevant lender. Soft credit checks go on your credit history, but only you can see the entry, so third parties cannot. 

However, once you make a formal application, the lender will run a hard credit check to determine if your financial record matches their criteria. Based on the result of the credit check, the lender may approve or decline your application. If they approve, your maximum loan amount and interest rate will vary based on your financial record.

What can you do when struggling to repay a no guarantor loan?

If you’re struggling to repay your no guarantor loan, you can contact the lender, and they may potentially agree to a solution. This can include restructuring the loan agreement to increase the repayment period, which will lower the monthly repayment amount. However, this might lead to paying more interest during the course of the loan. 

You can also research getting a consolidation loan. This is a loan that you take out with the aim of paying off your current loan. The idea is to lower your interest rate and give you the option to extend the repayment period.

How does a no guarantor loan work?

The loan guarantor loan work by filling out our 2 minute quote form with your basic information. You’ll receive a quick quote from us by matching you with the cheapest lender. This process involves a soft credit check, and we follow approved industry practices since we’re regulated by the Financial Conduct Authority. 

If you’re happy with the lender we have matched you with, you can make a formal application, and the lender will run a hard credit check to evaluate your eligibility. Next, you may get rejected or approved. If it’s the latter, then you can review the loan agreement and accept it if you’re happy with the offer.

What effect will a no guarantor loan have on my credit rating?

The effect of a no guarantor loan on your credit rating, could be positive or negative, depending on how it goes. Your credit score could be positively affected if you make the loan repayments on time. Therefore, it’s important to evaluate the cost of the loan and figure out if you have the extra monthly income to pay the loan on time. 

However, your credit score could be negatively affected if you are rejected for your no guarantor loan or fail to make repayments on time. You must avoid negatively affecting your credit score since it could be harder to get a loan in the future. 

What’s the difference between a no guarantor and guarantor loan?

The difference between a no guarantor and guarantor loan is a cosigner with a good credit rating. When getting a no guarantor loan, you take on the full responsibility of paying back the loan repayments on time. No guarantor loans are riskier for lenders, so the interest rate is higher. 

In comparison, a guarantor loan includes a cosigner on the loan agreement. This is usually a friend or family member who has a good credit rating. They will take on the legal responsibility of repaying the loan if you cannot make repayments on time. 

The chances of getting a loan approved with a cosigner is higher since lenders view it as less risky. 

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Page last updated: November 13, 2023 | Author: