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.

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Loan amount
1,000 - 7,500
Loan term
12 - 60 months
Customer Scores
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Loan amount
1,000 - 10,000
Loan term
12 - 60 Months
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Pros and Cons – loans for bad credit no guarantor no fees instant decision  

Often people have some bad credit history in the field of loan and credit in the past, such as they had unable to pay the amount on time or was defaulter on a loan. May be he or she is facing a critical financial situation such as bankruptcy, foreclosure etc. These kinds of bad credit impression make it difficult for them to get an easy loan from the financial institute as creditors have to take a great risk for this kind of financing.  So they are offered loans for bad credit no guarantor no fees instant decision.

Determining one’s credit score

Once credit score is calculated on the basis of the information of his or hers credit reports from three credit bureaus. They give a fair report, whether the person had paid the loan amount,  credit cards bills or any other debts on time or not. On the basis of this calculation the score point is determined.

The range from three-hundred to eight-hundred is termed as lower credit score that means bad credit. The individual having bad credit score, often offered loans for bad credit no guarantor no fees instant decision for facing different financial challenges and to establish a good credit history.

How people can understand that they are in bad credit

There are few specific points which help people to understand their bad credit history they are:

  • If an individual has a huge amount of credit card balance
  • If one’s loan application has been denied
  • If the interest rate of an individual’s existing loan has increased
  • If one’s credit limits has been decreased

When people are facing above situation that means they are in bad credit list.

Requirement of bad credit loan

Bad credit history makes a critical situation for the people. Such as:

  • High interest rate are imposed to compensate the high risk of giving bad credit loan
  • Due to bad credit history their credit application has not be approved by the general financers.
  • People with bad credit history face lot of difficulties to get a rented house
  • This makes a difficult situation to get a job
  • They have to pay a higher insurance premium due to their bad credit history.

To get rid of this entire problematic situation and to establish a good credit history, people have to find a better option and hence, they are offered loans for bad credit no guarantor no fees instant decision.

Advantages of bad credit loan

People, who are required a loan but refused due to high risk, choose the option of bad credit loan for getting some advantage such as:

  • Easily available, people do not need to give much effort for having this kind of loans.
  • The procedures of getting bad credit loans are hustle free and much secured.
  • Instead of their bad loan history they will get a cent percent guaranteed approval for their loan.
  • Though there is no guarantor but payment schedule is much easier.
  • They have online quick money options

With all these advantages few limitations and disadvantages are also there in loans for bad credit no guarantor no fees instant decision.

  • Borrowers has to pay a high rate of interest on the loan amount
  • People can apply for this kind of lone only after 18 years
  • Sometime especially for car loan in case people fail to repay their loan their property may be crocked.

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.