No Guarantor Loans UK
No Guarantor Loans-Bad Credit
Borrow Upto £30000
Guarantor Required No
Can I Apply with bad credit? Yes
Approval Time Instant
Same Day Cash Transfer Yes
APR Min-3.9,Max-9.9%

Why Need No Guarantor Loans For Bad Credit?

Are you facing a tough time in identifying a guarantor for your quick loan requirement? If such is your worries, start smiling! You have landed at the right place that facilitates fast loans. We, at Easy Cheap Loans, offer the most straightforward and affordable very bad credit loans solution with, no guarantor and no credit check without any broker fees with Instant decision in a personalised way.
We do not believe in complicating your financial crisis by asking collateral or a guarantor. So, for availing any loan with us, you don’t have to pledge your lovely home or run door-to-door for getting a guarantor. Fill out a simple and easy online form on our website, and rest our team of competent lending consultants will take care of.
Our sole motto at Easy Cheap Loans is to solve your financial emergency with the RIGHT lending solution at a cheaper interest rate without going through any credit check. You can avail any loan amount without paying any extra fees.

Apply for Very Bad Credit Loan No Guarantor No Broker

Applying for the loans means you do not have to search for someone to become your guarantor while signing the fund agreement. It does make the application process convenient and fast, but if you have a very bad credit score, things might become difficult for you. Most of the traditional lenders consider these people as risky borrowers and reluctant to offer them loans.
At Easy Cheap Loans, your less-than-perfect credit score does not affect your chances of loan approval despite not having a guarantor too. It means you can easily follow the loan application procedure, which involves these three simple steps:

  • Choose the amount and click on the ‘Get Started’ button
  • It will open up a form where you have to mention details like name, contact address & numbers
  • Press on to the ‘Apply Now’ button to send your query

Once receiving your application, we quickly go through the details and approve your loan application. Fund disbursal also takes a few minutes and usually done on the same day.
Before applying for the loans without guarantor and no broker, you make sure that you fulfil following eligibility criteria:

  • Age should be 18 years or above
  • United Kingdom citizenship is a must
  • Must have a regular source of income
  • A valid United Kingdom Bank account
No Guarantor Loan Infographic
Lenders are willing to offer you easy loans despite your bad credit score. However, they do accept loan application with no guarantor, no broker needed but higher APR will be charged. It would be better if people with bad credit ratings apply for guarantor loans where low interest rate is applicable. At Easy Cheap Loans, we promise to offer low APR loans on very bad credit loans no guarantor no broker required, which you can apply with direct lenders no broker and no intervention or traction at EasyCheapLoans UK.

Get affordable loans with no guarantor from EasyCheapLoans

A lender may ask you to arrange a guarantor when you are borrowing a large amount of money, but EasyCheapLoans understands that you may not wait to arrange a guarantor especially if you need money urgently. This is why we want our borrowers to meet the following criteria to get affordable loans without any guarantor:
• You should have a good credit rating.
• If you are self-employed, you will have to submit a progress plan of at least next two years.
• You should have an additional income source other than a full-time job.
• If you have a bad credit rating, you may be asked to put collateral.

Types of Loans Without Guarantor

Financial problems come in different forms, but their result is always the same, i.e. chaos. Still, you do not need to be worried because we provide multiple loans where you do not need any guarantor.

Bad Credit Loans

Whether you need funds to renovate your home or for holiday expenses, apply for our Bad credit non – guarantor loans. These are unsecured loans. It means they do not require collateral, and the amount will be transferred on the same day.

Short Term Loans

Fulfil your small financial needs without indulging in a tedious application process. You do not need a co-signer, and you can apply straightaway. Such loans are considered the best to cover the financial emergency.

Small Business Loans

Let your small business get a bigger growth with small business loans on flexible terms and conditions. The speedy application process, no-obligation, customised deals, everything is there to serve you required financial comfort.

You have plenty of options to choose here and delaying the application should not happen from your end.

No Guarantor Loans for PERSONAL Needs No Guarantor Loans for BUSINESS Purpose
Loans are useful for any personal need like holidays, wedding, home improvement or education. Unlike other direct lenders in the UK, EasyCheapLoans offers loans without guarantor for small business owners as well.
Loans are available on the competitive APRs or depending upon the individual circumstances. The interest rates may vary according to different business needs but will be affordable to everyone.
The loan duration will remain between three months to one year. Borrowers can avail loans for a minimum duration of one year to the maximum of three years.
These are also unsecured loans since the amount is small to borrow. Collateral may be needed by considering non – guarantor is there, and the borrowing limit is also higher.
People with bad credit scores are pre-qualified borrowers. Loans may not be available for small businesspersons with poor credit or CCJ.

How No Guarantor Loans For People Works?

We understand how helpless the people with bad credit feel in the United Kingdom when they face sudden financial crunches. We are not typical lenders who strive for high credit score customers and avoid poor credit customers. We believe in equality and offer complete financial freedom to both poor credit borrowers and good credit borrowers without any credit check.
Our bad credit loans with no guarantor and no broker are designed in such a way that our customers do not have to face any dilemma while applying for the loans online. We do not charge any extra fees for our bad credit service.

How to get a loan without a guarantor?

To get a loan without a guarantor you need to fulfil certain terms and conditions and then you can get an easy approval.

  • Show a strong current income status to prove that you can pay the loan instalments on time.
  • Recent financial behaviour should be good with timely payments of bills and debts. This way you can even apply with a bad credit score.
  • If you want to borrow a big amount, it is also advisable to show an additional income if you have to increase the creditworthiness.
  • Do not make multiple applications because you can get multiple search footprints which is a threat to your approval chances.

No Gurantor Loans with Bad Credit Offered with New-Age Direct Lending Traits

Direct lenders have a different role to play here. They are expected to be more flexible than their conventional counterparts. Fortunately, online lenders are doing the same. We are very much part of this modern lending and have already become an automatic choice of availing bad credit loans from a direct lender.
The credit score is the real indication of someone’s financial profile, but at the same time, it should not be a deciding factor. It is our theory while framing the loan deals, and thus, we offer loan deals to people with the adverse credit score.
Here are the features of poor credit loans that they can expect from us:

  • Individuals having a financial blot of County Court Judgement (CCJ) are also eligible to obtain the funding benefits;
  • Interest rates may be on the higher side but will be competitive especially compared to other lenders in the UK;
  • Flexible repayments schedules allow an improvement in the credit score and the removal of CCJ against your name;
  • Our experienced financial experts are ready for fee-free financial advice. You can approach them and follow the loan norms accordingly;
  • Providing the collateral is not compulsory but in that case, having a stable monthly income is necessary to ensure the guaranteed loan approval.

Can I apply for no guarantor loans with a CCJ?

Applying for loans for really bad credit is no picnic. Having a CCJ on your credit report raises doubts on your credibility. A lender will always be sceptical about your repayment capacity and therefore not entertain your application.

EasyCheapLoan may allow you to apply for non-guarantor loans for poor credit. However, the CCJ must be at least six-months-old. Note that these loans will carry slightly higher interest rates. Make sure that you can manage to repay the debt you are taking on.

Of course, as a reliable lender, we will look over your repaying capacity before signing off on the application. Still, we strongly recommend using an online calculator to get an estimate of the total cost of the loan and see if your budget allows for it.

Are no guarantor loans and unsecured loans same?

Both types of short term loans have similarities and differences. Both of them do not require collateral, which means you do not put a security against the money you borrow. However, the size of the loan varies.

If you are looking to borrow money in a small amount, you will have to apply for no guarantor loans, and if you are looking to borrow a large amount of money, you should seek unsecured loans.

No guarantor loans generally aim to fun unexpected expenses like car repair, laptop repair, and so on. On the contrary, unsecured loans aim to finance planned expenses like wedding, home refurbishment, and the like.

Do these loans come with same day payout feature?

Almost all short-term loans come with same day payout. It means you will get the loan the same day you put in the loan application. However, if you apply for the loan on a public holiday, you will get money in your account the next working day.

It is easy to borrow funds now because you need no phone calls and no paperwork. This is why no guarantor loans are also called instant online loans. All you need to do is to fill in the application form. We use an advanced algorithm to check your credit score and repaying capacity to arrive at a decision.

Does EasyCheapLoan provide long term loans with no guarantor?

EasyCheapLoan provides long term loans, and as is the case with no guarantor loans, long term loans do not charge upfront fees. However, long-term loans come with a large amount of borrowing, and this is why you must submit collateral if you do not have a guarantor with a good credit rating.

Since you will be putting collateral against the loan, it will minimise the risk of the lender. Therefore, you will get the loan at a low APR. You can also call these loans as low APR loans.

It is paramount that you have a strong financial condition. Show all your income sources to get a good amount of money. If we suspect that you will not be able to repay the debt despite submitting collateral, we may turn down your application.

No Credit Check! No More Embarrassment!

Do you want to avoid the credit check step? Do you want to hide your credit history from the Direct lender? Well, yes, it can happen at Easy Cheap Loans. We know how much your time is crucial, so don’t screen our customers for the credit check. Our loans for poor credit with no guarantor can be availed at affordable interest rates.

FAQs for No Guarantor Loans

Can Loan Terms Differ If Have no Guarantor?

Some loan terms may differ if you do not have any guarantor but not all of them. Borrowers can experience a slight difference in terms of interest rates because they are usually higher. However, providing the collateral may work for you to calm down the interest rates. Easy Cheap Loans prefers every borrower equal while framing the terms and conditions, and thus interest rates would be competitive.

What You Need to Do Before Applying for No Guarantor Loans?

Many borrowers make mistakes before applying for loans UK. They think that the lender already agrees to the loan applications with no guarantor required, so they do not need to do anything special. Well, this would be a mistake only. As a borrower, you must be clear about your monthly income and expenses. Think before whether you can manage the expense from your income or not. If not, then only apply for the loans. Another thing is that they should not demand more funds than their repayment capacity. It will further ruin their financial balance.

Can I get Bad Credit Loan with No Guarantor?

Yes, EasyCheapLoans does not discriminate in terms of the bad credit score. We are the responsible lender and thus feel risk in accepting the loan applications of the borrowers with a bad rating. This happens because we follow the no credit check process and the loan approval comes not based on credit score instead on the current income status of the borrowers.

How Much Can I Borrow without Guarantor?

From £1000 to £35000 is the amount that one can borrow a loan. Borrowers can decide their amount according to their requirements, and we can offer that on a same-day basis. But make sure you choose the right amount, not above from your repayment capacity.

Difference Between bad credit loan and very bad credit loans

In the loan industry, every person is categorised based on their credit score, i.e. good, fair, bad and very bad that plays a deciding role in whether a loan request will be approved or not. Therefore, if you have a really bad credit score, then you can apply for credit, mortgages, but you might be offered a high-interest rate. Also, there is a scope of improvement if adequate measures are taken. Whereas getting a loan with a very bad credit rating is near to impossible and there are few lenders in the market with such a devastating score but on a very high-interest rate.

Can becoming a guarantor affect my credit score?

Generally, most of the lenders prefer only those guarantors, who have maintained a good credit score and a homeowner. Sometimes, if the primary borrower is unable to make the repayments, the guarantor holds the responsibility of paying the remaining amount. However, if the guarantor himself misses the repayments, it will naturally affect his credit rating.

As a guarantor, do not make the mistake of taking up the responsibility of the entire amount. Do only a partial payment and that would if necessary. Missing the full repayment from the primary borrower or the guarantor will bring serious complications like poor credit score or CCJ. Therefore, make a smart decision before borrowing the amount.

What Possibilities are to get a loan with really bad credit and non – guarantor?

If you look at the traditional lenders, they won’t allow you to get the bad credit loan, and that would be when you do not have any guarantor to back. The only possibility seems from direct lenders. They are flexible, and they make such things feasible. However, there are still some conditions to follow, just like:

  • You have to be an employed person
  • Second, what is your repayment capacity?

Such loans are also useful in improving credit scores if you repay the amount on-time.

What to do if you can’t find out a guarantor?

It is a common problem, especially among people with bad credit scores that they cannot find out a person to act as their guarantor. The main thing is the trust factor that these individuals lack, and thus they have to struggle a lot in fulfilling such an obligation. But at the same time, there is no need to feel disappointing because you have some other options to follow. These are:

  • You can arrange any asset to be used as the collateral.
  • You can ask for a minimal amount that you can repay on your next salary day.
  • You must be an employed person while applying for the loans.
  • You need a trusted direct lender, who can understand your financial compulsions.

Can I get a loan with bad credit and no guarantor?

Yes, you can get a loan with bad credit and no guarantor provided you have a reliable income source. As you have a poor credit rating and you are not arranging a guarantor, it increases the risk of the lender. Of course, the interest rate of these loans will be a bit high, but a lender will require you to have a strong financial condition, so you do not fall behind repayments.

Where can I get a loan with bad credit and no guarantor?

You can get a loan with bad credit and no guarantor from any direct lender. However, if you apply for these loans with EasyCheapLoan, you will get money at competitive interest rates. If you research well, you will find our interest rates much more affordable.

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