Warning: Late repayment can cause you serious money problems. For help, go to MoneyAdviceService.org.uk

£50 to £25,000

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Payday Loans

£50 - £995

Tick - OrangeOnline decision

Tick - OrangeResponsible lenders

Tick - OrangeRates 278% to 1576%

Tick - Orange3-12 month repayment

Personal Loans

£1,000 - £25,000

Tick - OrangeInstant Decision

Tick - Orange60-Second Application

Tick - OrangeRates 4.7% to 278%

Tick - Orange3-36 month repayment

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.
Not all loan types and amounts are eligible for 20 minute payouts. Your chosen bank may increase the time you receive the funds.

What sets us apart from the rest

Quick and Easy Application

No one wants to spend all their time filling out over complicated forms.

Personalise Your Loan Needs

It is no good applying for too much or too short a period – Make your loan your way.

Loans Paid Out Today

One of the fastest payouts available, most receive their money within 15 minutes.

See How We Compare

Loan amount
1,000 - 7,500
Loan term
12 - 60 months
Customer Scores
Great Customer Service
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Loan amount
1,000 - 10,000
Loan term
12 - 60 Months
Customer Scores
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Applying for very bad credit loans no guarantor

How often do you get rejected a loan because of your bad credit history? Banks offer loans very selectively in the present day and age. Most people do not get approved bank loans and have to look for alternative methods to get a loan. There are some with very bad credit records. Such persons almost get rejected from all sources; even direct lenders often refuse such person money. For such persons now there is a new saving grace. Certain institutions offer a scheme which provides persons with very bad credit loans no guarantor. This might seem unbelievable but this scheme is on the rise.

Structure of loan

Some customers might be cynical about opting for such loans. Are you searching for the catch? The truth is that there are basically no loopholes in this scheme and it has been introduced solely for the purpose of helping those desperately in need of cash. The loan is same as any ordinary loan, except that you will not be rejected the amount.

The basic structure of the loan remains the same. The amount will be granted to the customer with a certain rate of interest. The sum will be granted for a certain time period within which the amount must be paid back. Because of the bad credit, the specific customer may get a levy on the number of instalments and rate of interest. The fact, however, remains that it must be paid back.

No guarantor required

The best part about the very bad credit loans no guarantor is needed to get the money in hand. This is a fresh and welcome change for many persons who wish to acquire a specific amount of money quickly. Often people find it hard to get guarantors as no one wants the responsibility.

A guarantor acts as a guardian or trustee on behalf of the person getting the loan. However, those with horrible credit records hardly get anyone to be their guarantors. The signature of this trustee will authorize the papers in normal circumstances. But under the very bad credit loans, such a requirement has been scratched out to benefit the customer.

Why opt for it?

There are several reasons which can be pointed out which make these loans an ideal option for those with bad credit. The reasons are stated below:

  • The biggest reason to opt for this scheme is that it is the only option available to those who fall under the category of bad credit.
  • The entire idea behind this is to show how user-friendly it is. The clauses all work in favour of the customer.
  • There is hardly any substantial interest which is taken on the loaned amount.
  • There is also a leverage given to those taking up the loan in terms of a number of instalments.
  • The sum to be paid in the instalments is also a small amount compared to other loans.

If it is proved that you are eligible for very bad credit loans no guarantor will be required for you. The amount will be transferred to you in a matter of days.

Loanize is a licensed credit broker and not a lender.

We will never charge you for our service and the lender will not increase the rate to cover our fee to them.

We work with over 40 different lenders to bring you the very best rates from across the UK market.

Representative Example: Borrow £200.00 for 60 days. Repay in 2 payments, first payment in 30 days
Each Payment: £147.04. Total Repayment: £294.08, Interest: £94.08.
Interest p.a: 365%(fixed). Representative APR 1058%

Warning: Late repayment can cause you serious money problems. For help, go to moneyadvice.org.uk.

Do not borrow more than you can pay back as defaulting on payments can lead to serious monetary problems.

Any collateral you have against the amount may be at risk of repossession.

Finding the Right Loan for You

There are many kinds of loans that you can get while using a guarantor. We have divided our site to focus on specific kinds to make it far easier for you to make sure you are getting the finance plan you are looking for.

If you are looking for something specific then check to see if our sub-sites cover what your after. If they don’t just get in contact with us and we will definitely be able to help.

5 most recent personal loan reviews

Review of Ikano Bank

Honest, realistic and genuine, I can't say anymore than that. I had problems with credit in my past that were cleared but unfortunately my credit score was very poor but thankfully Ikano loans gave me a chance to rebuild that. High rates, but that's expected when getting a loan with such bad credit. Thanks again for your support.

Review posted by Peter Harrow, Thornbury

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Money Guru

Excellent communication and a very quick and easy process. Authorisation telephone call was conducted by a friendly and polite lady who explained everything clearly. Would highly recommend this company.

Review posted by Melanie Steele

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Satsuma

The service was simply amazing. I have never taken loans service seriously, my view point has now changed. I needed the money for flight tickets to attend a funeral and I could have not been dealt with in such an amazing manner. The interest rate was also better than I expected. Certainly will be paying the money back early as this was really an emergency and a life saver.

Review posted by Wayne Crouch, Plymouth

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money
All reviews acquired from trustpilot.com for authenticity.