£50 to £25,000
Paid out by †
£50 - £995
Rates 278% to 1576%
3-12 month repayment
£1,000 - £25,000
Rates 4.7% to 278%
3-36 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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See How We Compare
Credit £3,250 for 36 months | Interest (fixed at 41.16%): £2,464.57. | Total amount payable of £5,714.67.
Representative 49.9% APR. | 36 repayments of: £158.57.
No Guarantor Loans for Less
These days, there are more ways than ever to get money when you need it. This is great news as it means that even if you have bad a credit rating you can normally find a loan. It also means that you can find a loan to suit your specific circumstances and to minimize the costs. And thanks to the web, you can normally apply for the loan and have the money deposited into your account all within a matter of minutes!
Guarantor loans are one such product that are designed to make life easier for people with bad credit. These loans involve choosing a nominee who will agree to make your repayments if you should default. That means that you no longer have to ‘prove yourself’ to the bank – as long as your friend or relatively believes you can make the payments, you can get the money. Better yet, it means there are no astronomical late payment fees and you can simply arrange a schedule to repay your friend that works for you both.
But if you don’t have a guarantor then of course this won’t be an option for you. Many people will feel uncomfortable asking for that commitment from a friend and others might not have a friend or relative in the right financial position (normally they will need to be a homeowner with a certain salary and good credit score).
So what if you need no guarantor loans? Are you out of luck?
Alternatives to Guarantors
Guarantors are great options for those who have them but if you don’t know anyone who can act in that capacity then you’re going to need to find another solution.
Thankfully, there are quite a few different choices available.
One such choice, is to use a secure loan. This is a loan that will use some form of collateral as a guarantee for the lender. Often that will mean your property but a great alternative is a title loan, or a logbook loan.
These loans involve transferring ownership of a vehicle over to the lender. You can still drive your car but for all other intents and purposes it is not yours until you’ve paid off the loan. As long as the amount you need to borrow is less than the value of your car, this is a great option for landing a low APR – and it doesn’t have to involve risking your property!
Another option is a payday loan. These loans are ideal in scenarios where you need a quick cash injection but you’re able to pay it back over a shorter period. If you need to borrow a £1K for a few weeks for example, then this option is viable.
That’s because a payday loan has a high APR but lets you pay off the entire amount in one simple installment. That way, you know the exact fee you’re paying and over a short time period, this won’t be all that much. A similar option is an installment loan, which is a slightly ‘stretched out’ version over a couple of separate payments.
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
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
Ease Of Use
Value For Money
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
Ease Of Use
Value For Money
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
Ease Of Use
Value For Money