Unsecured personal loans
Unsecured personal loan. Borrow a fixed amount and repay in monthly instalments, without needing to offer collateral
No guarantor loans
Borrow without a guarantor
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What is a no-guarantor loan?
A no-guarantor loan in the UK is a personal loan that doesn’t require a friend or family member to act as a guarantor. This is where someone agrees to take on the debt in the event you can’t pay.
Typically, you’ll need a good credit rating to be accepted for a loan on standard terms and interest rates. Rather than a guarantor, you might also have the option of putting up a significant asset, such as your home or car, as security.
How do they work?
A no-guarantor loan is a type of borrowing where you don’t need someone else to co-sign or guarantee your repayments. Here’s how it works for someone taking out this kind of loan:
Application: You apply for the loan in your name, and the lender assesses your income, credit history, and ability to repay without needing a guarantor.
Approval: If eligible, the loan is approved, and the funds are transferred directly to your account.
Repayment: You repay the loan plus interest in fixed monthly instalments until the balance is cleared.
What can I use a loan without a guarantor for?
You can use a loan for a range of purposes, including:
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To spread the cost of buying a car
Found your dream car but don’t have the savings to buy it outright? A loan can help you enjoy your new wheels by spreading the cost of the car into manageable repayments.
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To make home improvements
Planning home renovations? Whether it’s a new kitchen or a bathroom upgrade, a home improvement loan can help fund the cost of home improvements.
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To consolidate existing debts
Finding one low interest rate loan for all your debts can bring the ease of having just one payment to deal with instead of different cards and loans on the go (where it may be easy to lose track and miss payments!).
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Fund a holiday
Whether your holiday is abroad or in the UK, a holiday loan can help towards the cost of your next adventure if you don’t have the savings to help out.
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To pay for a wedding
While a wedding may be the best day of your life, it can also be an expensive one! A wedding loan can help manage the cost of your big day and minimise money worries.
How much can I borrow without a guarantor?
How much you’ll be able to borrow without a guarantor will depend on your personal financial situation, including how much you earn, your outgoings, your credit score and the lender’s own criteria.
The better your credit rating and the higher your affordability, the more money you’ll be able to borrow with a no-guarantor loan.
What type of loan can I get without a guarantor?
You may not need a guarantor for the following types of loan:
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Secured loan
Borrow a larger amount by using an asset, such as your home, as security for the loan
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Student loan
Government-backed loans to help cover the cost of university tuition and living expenses
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Business loans
Borrow money to start or grow your business, based on your trading history and business plan
What are the pros and cons of a loan without a guarantor?
Getting a loan without a guarantor can be a good way to pay for an emergency purchase or consolidate more expensive credit card debts. But there are pros and cons, so think carefully before you apply. These include:
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Advantages
Don't have to involve another person in the loan and risk them having to pay your debt
A wider choice of loan products
More competitive interest rates (APR)
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Disadvantages
Without a guarantor you could lower your chance of acceptance for a loan
You’ll be liable for the debt if you can’t repay. If you have a secured loan this could mean your home or car could be repossessed
Interest rates are likely to be higher with less choice of loans if you have poor credit
Am I eligible for a no-guarantor loan?
Whether you’re accepted will depend on your personal and financial circumstances. To be eligible, you’ll typically need to meet the following criteria:
Be at least 18 years old
Be a UK resident
Have a UK bank or building society account
Have a regular income to show you can afford repayments
Have a reasonable credit score (though some lenders cater to those with poor credit)
Lenders will assess your credit history, income, outgoings, and any existing debt before making a decision. Use MoneySuperMarket’s free eligibility checker to see your chances of approval without affecting your credit score.
Can I get one with bad credit?
If you have a low credit score it can be difficult to get a loan without a guarantor. This is because lenders will see you as more risky and more likely to default on your debt. But there could be options available. For example:
Loans for bad credit can be an option for those who have struggled with debt in the past and have a low credit rating. Your choice is likely to be limited as there are fewer providers and the interest rates will be high.
Secured loans require you to put up a valuable asset – usually your home or car – as security to get the loan. Interest rates could be lower, but if you fail to make the repayments the lender could seize your asset.
What to consider before comparing loans
Do you need one and can you afford it?
Many people use loans to pay for important life events and essential big-ticket expenses such as home improvements, a wedding or financing a car purchase, but before you apply for a loan, ask yourself:
Do I need it? If you’re using the loan to pay for something that’s not urgent, such as an expensive gift, then maybe consider if a loan is necessary
Can I afford the repayments? You must pay back your loan, which will be the loan amount plus the interest rate. You can use our loan calculator to get a rough idea of how much the loan will cost you.
Will I keep up with the repayments? If you’re unable to keep up or make late repayments, you’ll damage your credit score which will make it harder to borrow in the future
Interest rates are high, so shop around for the best rate
At the time of writing (December 2025), the Bank of England base rate stands at 3.75% following a .25% cut in December 2025. The future direction of rates is uncertain, but it's widely expected that we could be in for further small cuts soon.
Right now rates are still significantly higher than they were just a few years ago, and will likely stay that way in the near term.
Higher interest rates make it more expensive to borrow but shopping around, considering specialist lenders, and improving your credit rating can all make the final loan rate cheaper.
Avoid impulse borrowing
Avoid borrowing money without thinking carefully whether you need it, and whether the cost of the loan is worth what you’re taking it out for.
For example, it’s probably not a good idea to take a loan out for everyday purchases – a credit card might be more suitable.
Work out a budget and plan for rate changes
Work out how much you can afford to borrow and pay back before applying for a loan. This way you can look for loans in your borrowing range, giving yourself the best chance of being accepted as well as ensuring you don’t take on a financial commitment that you can’t afford – try our loan calculator for guidance.
If you're on a variable rate deal, repayments can change whenever the lender decides to change it – often lenders will use the Bank of England base rate as a guideline. While this means that your repayments could be less if the base rate falls, they could also go up if the rate rises, so consider if interest rate fluctuations are worth the risk before taking out a variable rate loan.
Avoid loan sharks and payday loans
Loan sharks should always be avoided – they’re illegal, not regulated by any financial organisations, and they generally charge massively high interest rates. What’s more, if you aren’t able to repay them you may be pressured into borrowing even more money, which could lead to a spiral of debt.
Payday loans may be legitimate, but they can come with incredibly high interest rates sometimes reaching over 1000% - which could make even a small loan turn into a debt spiral. Learn more with our guide to payday loans.
Don’t make too many applications
Every application you make, just like credit applications, leaves a mark on your credit report.
Too many of these will give lenders the impression that you are desperate to take out a loan, which could imply that you’re struggling to manage your finances – as a result, lenders may be more reluctant to let you borrow from them in the future.
Use our eligibility checker to run a soft search and find lenders with a higher chance of acceptance, including preapproved.
Improve your credit score before applying
As part of the loan application process, potential lenders will perform a credit check. Bad credit doesn’t mean you won’t be able to get a loan, however, it will make it harder to be approved and you may end up with a worse rate.
If you can, consult your credit report and take short-term steps to boost your credit score like registering to vote or addressing errors on your credit file.
Improving your credit rating can help you secure better loan rates and boost your chances of pre-approval.
For smaller amounts, consider other forms of lending
If you're borrowing smaller amounts of money and can't dip into your savings, you might be better off with a credit card or an arranged overdraft.
To clear credit card balances, consider a balance transfer credit card.
To make a large purchase, consider a 0% interest credit card.
To clear an unarranged overdraft, consider a money transfer credit card.
To tide you over til next month, consider an arranged overdraft with your current account provider, or switch to an account with overdraft facilities.
How to get the best no-guarantor loan
To secure the best no-guarantor loan, it’s important to take steps that can improve your chances of approval and ensure you’re getting the most competitive deal. Here are some tips to help you make the right choice:
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Check your credit score
A higher credit score can improve your chances of securing better interest rates. Use our free credit score checker to see your score and get helpful tips to improve it.
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Compare lenders
Shop around to find lenders offering competitive rates and terms for no-guarantor loans.
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Review eligibility criteria
Ensure you meet the lender’s requirements, such as income level and credit history, to avoid unnecessary applications.
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Borrow only what you need
Applying for a reasonable amount improves your approval chances and reduces your overall interest costs.
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Read the terms carefully
Look out for hidden fees, early repayment charges, and repayment flexibility before committing to a loan.
Is a no-guarantor loan more expensive?
A no guarantor loan is unlikely to be more expensive if you have a good credit rating and meet the lender’s affordability criteria.
However, if you have bad credit and a low credit score, the interest rates you’re likely to be offered will typically be higher on a loan without a guarantor, compared to a guarantor loan.
That’s why if you’re struggling to find a loan, taking a guarantor loan can make it more accessible and affordable.
Will base rate cuts make loans cheaper?
The Bank of England base rate influences how much it costs banks to borrow money, and in turn, it affects the interest rates offered on loans to consumers. When the base rate is reduced, lenders often lower their Annual Percentage Rates (APRs) on loans, making borrowing more affordable.
However, not all lenders adjust their rates at the same pace. Some may quickly pass on the savings to borrowers, while others may delay or make smaller adjustments. Therefore, it's important to compare loan offers from different lenders to ensure you benefit from the most competitive APRs in the market.
How can I improve my chances of getting a no-guarantor loan?
Improving your chances of being approved for a loan means showing lenders you’re financially reliable:
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Check your credit file regularly
Spot and fix any errors that could be lowering your score. You can view your credit report for free to make sure all information is accurate and up to date
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Pay bills on time
Missed payments can damage your credit history. Setting up direct debits can help you stay on top of monthly bills and avoid late fees
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Register to vote
Being on the electoral roll helps confirm your identity. This simple step can improve your credit score and increase your chances of approval
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Reduce existing debt
Paying off other loans or credit cards can improve affordability. Lenders will see you have more capacity to manage new credit responsibly
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Earn more or boost your income
A higher income can make you look more creditworthy. Even part-time work or side income can help improve your debt-to-income ratio
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Avoid multiple applications
Too many credit checks can harm your score. Use our eligibility checker first to see your chances of approval without affecting your credit rating
Is a loan without a guarantor right for me?
A no-guarantor loan could be right for you if you need funds for a specific purpose and don’t have time to save.
It might also be a suitable option if you prefer not to involve a third party in your borrowing, or if you are unable to find someone willing to act as a guarantor.
However, it's important to understand that such loans often come with higher interest rates and might be harder to obtain, especially with a poor credit history.
While loans without a guarantor can be a convenient option, they only work if the repayments fit comfortably within your budget. Taking on a loan that stretches your finances too far could lead to more serious debt down the line.
What are the alternatives?
If you don’t want to take out a no-guarantor loan but still need the funds, you have a few other options:
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Credit cards
A 0% purchase credit card can help you spread the cost interest-free – just make sure you can repay before the offer ends. You’ll also get extra protection under Section 75.
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Overdrafts
A flexible option for borrowing through your current account, though often with high interest
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Guarantor loans
A guarantor loan can be an alternative if you’re struggling to get a credit card. With someone you trust backing your repayments, you may be able to borrow more or at a lower rate than you’d get on your own.
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Credit union loans
Credit union loans often offer fair rates and flexible terms, especially for local community members
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Buy now, pay later (BNPL)
Services like Klarna or PayPal Credit let you delay or spread payments. Be sure to read the terms. Late payments can add fees and affect your credit score
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Savings
Using your savings means no interest charges and the satisfaction of paying upfront. It’s a great way to avoid debt while rewarding your financial planning.
Compare no guarantor loans online with Moneysupermarket
We’re here to help you find the right no guarantor loan for your needs, so we’ll tell you which deals you’re most likely to get.
Our expert says…
While a guarantor loan is sometimes your only option, it does mean you’re getting someone else involved and they will be liable for your debt if you can’t repay it. If things go wrong this can become a complicated situation, especially if their house or another asset is on the line. That’s why taking out a no guarantor loan is usually the best option for everyone, if you’re able to find one at an affordable price.
Kara Gammell Personal Finance & Insurance Expert
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MoneySuperMarket has won the Feefo Platinum Trusted Service Award, an independent seal of excellence, which recognises businesses that consistently deliver a world-class customer experience.
Are non-guarantor loans secured or unsecured?
If you’re taking out a loan without a guarantor there will be the option to have an unsecured or secured loan. Unsecured loans, often referred to as personal loans, do not require you to put an asset up as security. Generally, this means you’ll need a fair to excellent credit score to be accepted for a loan.
With a secured loan you’ll have to put down a valuable asset you own – usually your home – as security. This is why secured loans are sometimes referred to as homeowner loans. It can mean you can get a loan with a less than perfect credit history and score. But it means if you fall into arrears on the loan the lender could seize your asset, so your home is at risk.
Can I repay my no-guarantor loan early?
Most loans will allow you to repay early – but often there will be early repayment charges and these can be high. If you think you may be able to clear the debt before the end of the loan term, check the terms and conditions at the outset to avoid any nasty surprises later.
Is a non-guarantor loan a payday loan?
No, a payday loan is just a type of short-term loan. Payday loans are usually unsecured and typically for a small value – such as £50 or £100, and usually taken out for around 30 days. They are often accessible for people with a poor credit rating – but the interest rates can be extremely high.
Is it more expensive to take out a loan without a guarantor?
If you have bad credit and a low credit score, the interest rates you’re likely to be offered will typically be higher on a loan without a guarantor, compared to a guarantor loan. That’s why if you’re struggling to find a loan, taking a guarantor loan can make it more accessible and affordable.
What are the easiest loans to get with bad credit?
It is likely to be difficult to get a personal loan with a competitive interest rate if you’ve got bad credit. Specialist lenders are available offering loans to those with a less than perfect credit history and a low rating. The interest rates will be much higher than those on standard loans and the loan amounts are likely to be lower.
If accepted for the loan, when will I receive the funds?
The process can be very quick if you apply for your loan online. If you apply for your loan online the process can be very quick. In some cases the lender may want to do some extra checks on you before agreeing to the loan. But once you’ve been accepted the funds should be in your account within days. In some cases the money could arrive the next day.
Can I get a no guarantor loan without a credit check?
It’s unlikely that you’ll be able to get a personal loan without a credit check. All regulated lenders will want to have the confidence you can repay the loan before approving any application, and a credit check is a key part of this.
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Reviewed on 26 Dec 2025 by
Accurate as of 26 December 2025.