While a guarantor loan may improve your chances of getting your unsecured loan if you have bad credit you may find it hard to find the right person to guarantee repayments. If this is the case then perhaps a personal loan with no guarantor is an option or may be a secured loan of some form. We have access to a wide range of loan options that you may wish to consider. No guarantor or collateral is required and it can be settled on an installment basis. The amount you can have is relatively smaller than those who have a good or excellent credit remark. It also carries an extremely high-interest rate; however, this is usual for bad credit loans as this is the lender’s only way to compensate the risk. Cashfloat is a trusted no guarantor payday loans direct lender in the UK. There are no hidden fees, no application fees and definitely no broker fees ! A no guarantor loan is a type of unsecured loan where the borrowers don’t have to produce anyone to guarantee their loan agreement. This way lender is taking a risk by giving loans to such borrowers because if the borrower fails to make repayment of the loan on time, the lenders will recover the loss from the guarantor. Monday - Sunday: 00:00 - 23:59 Office 131, Silk House, Park Green, Macclesfield Sk11 7QJ UK Phone: No [email protected] £100 to £5,000 Here at 1st Class Loans, we strive in providing a seamless, online service to all of our customers, in their search for an online payday loan. Our business model is designed to provide such a first-class service, that our customers would be happy to recommend. Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed). The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances. The term ‘loans without guarantor’ can be defined through the flexible lending policies of the modern-age lender like ExtraMile Finance. It means the loan provider does not require any secondary borrower to co-sign the loan documents and it will look for another factors like employment status.