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No Guarantor Loans

Tackle your financial problems independently.
Explore convenient no-guarantor loans with LoanTube.

Loans up to £35,000

Borrow for 12-84 months

Collateral-free no guarantor loans

Take control of your credit with no-guarantor loans

What are no guarantor loans?

The guarantor of your loan is a close friend or family member who assumes the loan’s repayment responsibility with you. Guaranteed loans are a good solution for those with below-average credit histories. To reduce the risk of loss, lenders ask the borrower to co-sign the loan agreement with a guarantor. 

Now, if you fail to repay, the lender will hold your guarantor accountable for repayments. The lender may recoup their loss by selling your guarantor’s assets. Most loans are loans without a guarantor. Personal loans, secured loans, home improvement loans, short-term loans, or title loans, per se, won’t usually require you to present a guarantor.

However, not everyone can get guarantors to co-sign their loans. In some cases, you might choose not to involve a third person. No-guarantor loans are ideal in these cases. Fundamentally, a no-guarantor loan is a personal loan. You are neither required to provide collateral nor a guarantor to secure the loan. Your credit score will also determine the offers you receive on a no-guarantor loan.

If you’ve exhibited responsible credit behaviour in the past, you will most likely get manageable loan offers. It’s difficult to find a lender who offers a decent interest rate if you have a poor credit history. Even if you do find one, the terms associated with the loan can be unreasonable. The interest rates for such loans are higher than most forms of credit, such as a personal loan. With such exorbitant rates, you may end up repaying more in interest.

What are the eligibility criteria for a no-guarantor loan?

A no guarantor loan has some basic eligibility requirements. You will likely qualify for one if you meet the prerequisites. Lenders typically look at:

  • Credit history
  • Latest credit score
  • Residential history
  • Employment history
  • Annual income
  • Debt-to-income ratio
  • Monthly expenses

Provide accurate information about yourself to the lender. Before approving your loan, lenders will always perform a credit check. A CCJ on your record and a past default might make it difficult for you to secure credit. In addition, multiple credit checks can lower your credit score, regardless of whether the lender approves the loan or not. A good practice is to estimate your eligibility before applying for a loan.

Why might I consider a no-guarantor loan?

It can be stressful for a guarantor to partake in a guarantor loan. Thus, there cannot be just one reason for not wanting a guarantor. You may not be able to share your financial problems with anyone in your social circle. When you find someone, they may be reluctant to share their information or have stellar credit. 

Assess why you’re taking out a loan in the first place. Do you need a loan to consolidate your debt? Are you planning to improve your home with a personal loan? Another loan, however, will only add to your debt pile if you already have problems with debt. Get professional assistance to deal with your debts. Trying to cope by denial will only make things worse in this case.

Is it wise to apply without a guarantor?

Choosing a loan without a guarantor requires thoroughly evaluating whether it is suitable for you. Assess all the options available to you, and then check your eligibility for each. If you think a no guarantor loan is an ideal option and you happen to satisfy the criteria, go ahead and apply for one. 

Don’t borrow more than you can afford to repay. 

Timely repayments are essential for any form of credit. Not only will a default deteriorate your credit score, but you may also end up getting a CCJ.

What are the pros and cons of personal loans without a guarantor?

Borrowing without a guarantor may help you maintain your financial balance. Before applying for a no guarantor loan, you should consider the following pros and cons:


  • Borrow hassle-free with automated application portals. You need to apply for a no guarantor loan for your details, a computer, and an internet connection. 
  • Choose from a variety of options – especially true for unsecured personal loans. Weigh the pros and cons of each option before making the final call. 
  • The payout or disbursal is pretty swift once your loan gets approved, saving you a great deal of time. 


  • Defaulting on a no-guarantor loan can severely affect your credit score. Some lenders might even get a CCJ issued against you, further hurting your credit score. 
  • Some lenders impose a charge on early repayment or settlement of the loan. It is important that you carefully read your contract to determine if your lender charges an early settlement fee.

What to consider before borrowing a loan without a guarantor?

Consider the following when planning to borrow a no-guarantor loan:

  • Is this a suitable loan amount for me?

Make some calculations to determine how much you can borrow without a guarantor. Ensure that you only borrow an amount that you will eventually repay.

Will I be able to commit to the loan term? Long-term loans require a lot of commitment and discipline. The monthly payments of a long-term loan may be lower, but you will pay a higher interest rate. Make sure the loan term fits your financial situation now and in the future.

  • What happens if I miss a repayment?

A missed payment can lower your credit score by up to 150 points. The loan’s default will result in 350 credit points and a County Court Judgment (CCJ). For up to six years, CCJs impact your credit file, making it more difficult to secure credit in the future.

  • Do I need a contingency plan?

A contingency plan is pivotal in ensuring timely payments, regardless of your financial circumstances. Make an informed decision before borrowing a no-guarantor loan. 

How much can I borrow with a no guarantor loan?

Crunching numbers was never this easy – check your affordability at the click of a button. Secure your future by making an informed financial decision.

No guarantor loan calculator

What is the purpose of your loan ?
How much do you wish to borrow?
What repayment term would you like to choose ?

Representative Example

Loan Amount


Loan Term

3 Years

Total repayment


Monthly repayment





41% p.a (fixed)

*The rate you get will depend on your individual, financial circumstances. Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK.

Apply for a no guarantor loans with LoanTube


Tell us how much you need, for how long, and for what purpose.


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For What can I use a no-guarantor loan?

No guarantor loans can be a good way to finance various expenses. Here’s what you might use it for:

  • Financing Home improvement expenses
  • Financing Holiday or staycation expenses
  • Purchasing a new or second-hand car
  • Paying for wedding expenses
  • Regulating household expenses 
  • Tiding over a minor cash crunch
Can no-guarantor loans help me build my credit?

Guarantor loans are a popular choice for borrowers who believe their own credit score is not high enough to qualify for a personal loan.

You can get finance through guarantor loans when you might not otherwise be able to. If you don’t already have one, paying off a guarantor loan in full and on time will help you boost your credit score and establish your credit history.

No guarantor loans offer the same opportunity to access money as guarantor loans if no one is willing or able to act as your guarantor.

What tips can I follow to apply for loans without a guarantor?
  • Watch out for loan sharks – Loan sharks have loan offers which ‘appear’ to be nice but, in reality, come at exorbitant interests.
  • Rectify any mistakes in your credit report – Make sure your credit report is error-free before applying for a loan. It would help rectify any errors you find to boost your credit score. Doing so will make it easier to get offers with lower interest rates.
  • Don’t borrow more than you can afford – Calculate your expenses carefully and Don’t take on more debt than you can afford. Avoid over-borrowing just because you qualify for a larger loan amount.
  • Check the cost of your loan – Before accepting a loan offer, determine the loan’s overall cost. Choose the loan that offers the lowest interest rate. But make sure you check which offer comes with the lowest APR.
  • Make a repayment plan – Before taking out a loan, ensure you have a clear and accurate repayment plan in place. Your monthly expenses will be synchronised with your loan repayments so that you don’t miss any.
What is the maximum amount that I can borrow through LoanTube?

You can borrow up to £35,000 over 12-84 months with LoanTube. 

Does LoanTube charge an arrangement fee on no guarantor loans?

Our mission is to help you find the right loan – we do not charge an upfront fee from our users.

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Representative APR Example

The rate you are offered will depend on your individual circumstances.

Representative APR Example: On an assumed loan amount of £2,600.00 over 36 months. Rate of interest 41% per annum (fixed). Representative 49.7% APR. Total amount payable £4,557.89 of which £1,957.89 is interest. 35 monthly repayments of £126.61 and a final payment of £126.54

Warning: Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK

Credit subject to status & affordability assessment by Lenders.

LoanTube is a credit broker and not a lender.

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