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Representative example: Borrow £800 for 12 months. Monthly Repayment £132.16. Total Amount Repayable of £1,585.87. Interest: £785.87. Interest Rate: 150% Pa(Fixed). 279.1% APR Representative.

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Loan Amount:
Loan Term: 3 months
RAPR: 279.1%
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No co-signer? No problem. Find no guarantor loans today.

We all need a little financial help now and then. However, finding loans without a co-signer can be difficult for some. That’s why we offer no guarantor benefit loans to people who need benefit loans now and don’t want to rely on someone else.

  • Fast and easy
  • Secure and trustworthy
  • Convenient and flexible

Applying for benefit loans with no guarantor is simple and takes minutes.

  • Complete our online application form.
  • Our experts match your application with the perfect lender.
  • Once approved, you receive your money in under an hour.

What are no guarantor loans?

Guarantor loans are loans that don’t require a second person to sign, or “guarantee”, the loan on your behalf. This guarantor is responsible for repaying the loan if the borrower is unable. Lenders often use guarantors when loaning to people who are high risk.

Many people have difficulty getting approved for loans without a co-signer. However, it’s not always possible to find someone to co-sign, and often, people do not want to have their finances left in the hands of a co-signer.

No guarantor loans exist to fill this gap. People who are denied for traditional loans often find it easy to get approved for benefit loans with no guarantor.

How do no guarantor loans work?

Simply fill out our brief application, and we will find a lender who meets your needs. No guarantor benefit loans do not require that you have anyone else to guarantee your loan. The burden of repaying the loan lies solely on the borrower.

Who can get no guarantor loans?

Anyone who is over the age of 18, a UK resident or citizen, and has a bank account can apply for no guarantor loans. However, you are not guaranteed to be approved. That being said, no guarantor loans usually have higher approval rates than loans from traditional banks.

Can I get benefit loans with no guarantor?

People on benefits can qualify for benefit loans with no guarantor. Government benefits, as well as any additional sources of income such as investments or rental properties, can be used to guarantee the loan. It is not true that people on benefits cannot qualify for no guarantor loans.

Should I take out benefit loans with no guarantor?

There are many factors to consider when deciding to take out a loan, and you should always think about all of your options carefully. These options likely include loans with a guarantor as well as no guarantor .

Taking out a loan with a guarantor might help you secure a lower interest rate. However, your financial situation will be indefinitely tied to theirs, and many people are not comfortable with this.

It’s important to make sure that you will be able to repay your loan on time if you’re looking at no guarantor benefit loans. Without a guarantor, the responsibility for repaying the loan is solely yours, and your credit can be affected if you miss payments.

That being said, no guarantor benefit loans can prove a great option for people who need a small, fast loan and don’t have or don’t want to use a guarantor.

How much can I borrow with no guarantor loans?

Exact loan amounts will vary by lender, but most of our lenders offer loans ranging from £100 to £1,000.

What are the repayment periods for no guarantor benefit loans?

Each lender offers different repayment periods such as weekly repayments, however they are often flexible according to your needs. Most of our no guarantor loans offer repayment periods between one and six months, although some allow up to one year.

Do benefit loans with no guarantor have higher interest rates?

Yes. It is usually the case that no guarantor loans have higher interest rates, because having a guarantor minimizes risk for lenders. That being said, repayment periods are short, so overall interest fees are often very reasonable.