Representative 49.7% APR (variable)
Representative Example: If you borrow £2,600.00 over 36 months at a Representative rate of 49.7% APR (variable) and an annual interest rate of 41.00% (variable), you would pay 36 monthly instalments of £126.61. The total charge for credit will be £1,957.89 and the total amount payable will be £4,557.89.

If you've got an adverse credit history, you may have run into the problem of lenders wanting someone with a better credit profile to act as your guarantor.

A guarantor with a good credit history makes you less of a risk in the eyes of the lender and means your chances of acceptance will generally be higher.

Loans without a guarantor

Some lenders can provide loans to those with a poor credit history, but, while searching for a no guarantor lender, it makes sense to know which lender will approve you before-hand.

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

Guarantor loans, as the name suggests require another person with an acceptable credit score and history to 'back' your loan application and help you increase your chances of approval.

Getting a loan without using a guarantor means you are independently responsible for repaying the loan and the burden of repayment falls solely on you.

If you use a friend or family member to act as guarantor for your loan they are also at risk of having their credit score affected should you fail to keep up with the repayments on your guarantor loan

How much can I borrow with a no guarantor loan

Lenders on our panel offer loans from £100 up to £25,000. Not only does the amount you can borrow vary between lenders, but the amount a lender will lend to you will also vary. For this reason, it's important to use our loan matching service before applying.

Am I eligible for a 'no guarantor' loan?

Going from lender to lender applying for loans and getting rejected may make your credit profile worse to lenders and further reduce your chances of being accepted.

Our loan matching system allows you to search for and view lenders who will approve you and we'll even show them listed from cheapest to most expensive.

We use soft-search technology which means that your credit profile won't be affected. There's no obligation to take any of the loans we show you, but if you do want to go ahead and formally apply, you can do so at the click of a button.

What will be the cost of the loan?

We usually have around 30 lenders that we compare on our platform (this can vary from time to time) and their APR's range from about 3% up to 1,000% or more.

The cost of your loan depends on which lenders are willing to accept you as a customer. Generally speaking, the better your credit history, the less you'll have to pay.

It's possible that when using our service, you may be surprised at the number of lenders who have pre-accepted you based on your circumstances.

You may find out that your credit profile isn't as bad in as you had imagined.

What is the acceptance criteria for a no guarantor loan?

Acceptance criteria vary from lender to lender, but usually, the following are required:

  • A regular income
  • Be aged between 18 - 74
  • Not currently bankrupt
  • Be a resident in the UK
  • Agree to a credit check (when finalising your application)

How long will it take to get my no guarantor loan in my bank account?

Some of the lenders on our panel operate automatic loan approval systems which operate 24/7 and can release funds in as little as just 15 minutes.

Finding and applying for a loan via UPMoney

Here's an overview of the info we need when filling out our loan matching form to find you the right loan without a guarantor:

  1. Loan details including loan amount, how long you need the loan and the purpose for the loan
  2. Personal information so that we can match you with your credit profile (this won't affect your credit file)
  3. Living circumstances and employment information
  4. Financial income and outgoings
  5. Account details (where the lender deposits the money)

Once this information is submitted, our soft-search technology instantly matches your details against the acceptance criteria of the lender to provide you with a list of lender's who have pre-accepted you.

Beside each lender, you'll see information about the loan such as the APR percentage, total amount repayable and a representative example.

If you would like to go ahead with one of the offers, you can click "Get Loan" to continue. Otherwise, you'll automatically advance to the site of the cheapest lender within 10 seconds.