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.

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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.

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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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Short Term Loans Bad Credit No Guarantor: A Brief Guide

No one wants to be in a situation where one needs to apply for a loan, that too for bad credit. But c’est la vie. Sometimes life hands us with a basket full of thorns instead of roses. However, there is a silver lining somewhere. You can now work and rebuild your credit and perhaps be able to get out of bankruptcy. Several banks/lenders offer short term loans with no guarantor for people with bad credit.

What does bad credit mean?

We need to first understand the concept of bad credit. It is bit tricky because what could be a bad credit score for one lender may not necessarily be a bad credit score for another. Your credit card and other loan payment history basically define your credit score.

Credit scores are usually used to determine:

  • What the rate of interest will be for a loan they may offer you
  • Whether your credit limit should be increased or decreased

Usually a score below 600 qualifies as bad credit. When you haven’t paid your credit card bills/loans in a while or maybe not paid them at all, you know you’re heading down this road.  Get your credit report to know where you stand.

What happens when you have a bad credit?

Unfortunately, this is a grim situation. Application for future loans (house, car, business, anything) becomes difficult, as lenders usually have your payment history. You could face difficulties in other aspects too, such as: landlords could ask you for a significantly higher deposit (if you are staying in a rented place that is); certain phone companies may ask for a security deposit and sometimes it could even affect your employment options. Life basically becomes really difficult.

What is a short term loan?

It’s a loan which needs to be repaid within a short period of time. Usually people apply for this in times of financial emergency.

Short term loans bad credit no guarantor: eligibility

A lot of lenders are now giving the option of taking short term loans without a guarantor, for those with bad credit. The requirements are generally simple:

  • You need to be above 18 years
  • Hold an active bank account
  • Have a job with a minimum taxable income

Short term loans bad credit no guarantor: advantages

  • If you are eligible, the process of application is simple and easy. Usually it’s an online application. All you need to do is fill in your details and apply. For short term loans, often no credit check is required.
  • Since most people apply for short term loans due to some emergency, you could get an approval within a few hours!
  • No guarantor means no collaterals/assets need to be provided for the loan.
  • Several lenders offer the option of extension of deadlines and rollovers.
  • On-time payment of monthly installments could mean you could be eligible to better your credit score.

Things to remember for short term loans bad credit no guarantor:

  • Do your research. There are so many lenders offering short term loans that you need to be sure you’re applying for one that suits you, doesn’t charge you an application fee, or generally have hidden charges. In our hurry, we often don’t read between the lines.
  • You will need to make a minimum payment, each month, usually for five months before you are eligible for a credit increase.
  • Lack of repayment within due date could lead to an increase in interest rate and this should be avoided especially if you already have a bad credit score.

A bad credit situation could happen to anyone, anytime. Do not despair. Your hard work, perseverance and these short term loans could help you to pull yourself out of this situation and you will eventually (hopefully) be debt-free!

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.