Spend in hours, not poundsDownload our new 118M8 app Spend your hours wisely

118 118 money helpers illustration

Loans for Bad Credit No Guarantor

118 118 money helpers illustration
  • Borrow £1,000 to £8,000
  • Repay over 12 to 60 months
  • Eligibility check with no impact on your credit score
Check my eligibility now This won't affect your credit score

Representative example: Amount of credit £2,000 for 24 months. Interest rate: 41.2% pa (fixed). 24 scheduled monthly payments of £123.64. Total amount payable: £2,967.43 Representative 49.9% APR.

What does “no guarantor” mean?

A no-guarantor loan is a loan that does not require someone else to promise to cover your repayments. You apply in your own name and the decision is based on your individual circumstances.

If you're searching for loans for bad credit no guarantor, it often means you want a straightforward application without asking a friend or family member to act as a guarantor.

Can I get a loan with bad credit and no guarantor?

Potentially, yes. Having bad credit does not automatically mean you will be declined. As a direct lender, 118 118 Money looks beyond a single score. If you pass our credit and affordability checks and the repayments are affordable, you may be eligible.

Use our eligibility check first to see if you are likely to be accepted before you apply. It won’t affect your credit score.

Check your eligibility for a no-guarantor loan
Get a quick decision without affecting your credit score.
Check my eligibility This won't affect your credit score
person wearing sunglasses
Why people choose no-guarantor loans

Everyone's situation is different. These are common reasons people look for a no-guarantor option:

Privacy. You may prefer not to involve friends or family in your finances.

Simplicity. One application, one applicant, and a clear set of checks.

Control. Your repayments and your account are managed by you.

Confidence. You want to see whether you're likely to be accepted before you apply.

Time. If you need a quick decision, relying on someone else can slow things down.

118 118 money helpers illustration

3 simple steps to a no-guarantor loan

  • Check your eligibility with no impact to your credit score
  • Set up your account, direct debit and sign
  • Receive funds in 15 minutes*
Check my eligibility This won't affect your credit score. *This can vary from 15 minutes to 2 hours depending on your bank.

Read what our customers think about us

Trustpilot
Loans for Bad Credit No Guarantor FAQs

Yes, it can be possible. No-guarantor loans are assessed on your own circumstances. 118 118 Money is a direct lender and we will carry out credit and affordability checks.

No. Our eligibility check helps you see whether you are likely to be accepted without affecting your credit score.

Making payments on time, keeping up to date with bills, and applying only when the repayments are affordable can help. Using an eligibility check before applying can also be a sensible first step.

Once approved and set up, funds could be received in as little as 15 minutes. This can vary from 15 minutes to 2 hours depending on your bank.

118 118 money helpers illustration

Ready to check your eligibility?

See whether you are likely to be accepted before you apply. It won’t affect your credit score.

Check my eligibility
118 118 money helpers illustration

Credit is subject to status, affordability and credit checks. Credit is only available to UK residents aged 18 and over. Terms and conditions apply.