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No Guarantor Loans

118 118 money helpers illustration
  • Borrow £1,000 to £8,000
  • Repay over 12 to 60 months
  • No guarantor needed
  • Eligibility check with no impact on your credit score

Borrow in your own name with fixed monthly repayments and no need to involve a friend or family member.

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 is a no guarantor loan?

A no guarantor loan is a loan you take out in your own name, without another person agreeing to cover your repayments if you cannot. In practice, this is typically an unsecured personal loan. The lender looks at your own application, including credit and affordability checks, before making a decision.

For many people, the appeal is simple. You may want to keep your borrowing private, avoid putting pressure on someone close to you, or move through the process without needing anyone else to provide details and sign paperwork.

Why choose 118 118 Money for no guarantor loans?

118 118 Money positions its loans around clarity and manageable repayments. If eligible, you could borrow from £1,000 to £8,000 and repay over 12 to 60 months. Repayments are fixed, so your monthly amount stays the same throughout the agreed term.

You can also start with an eligibility check before a full application. That gives you a way to see whether you are likely to be accepted before taking the next step, and it will not affect your credit score.

Check your no guarantor loan eligibility first
Get an early indication before a full application, with no impact on your credit score.
Check my eligibility This won't affect your credit score
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Why people look for no guarantor loans

Different borrowers arrive here for different reasons, but these are some of the most common ones:

Privacy. You want to keep the application between you and the lender.

Simplicity. There is no extra person to involve, verify, or wait on.

Independence. You want borrowing based on your own circumstances.

Predictability. Fixed monthly repayments can make budgeting easier.

Confidence. A soft eligibility check lets you explore your options before you commit to a full application.

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3 simple steps to no guarantor borrowing

  • Check your eligibility with no impact on your credit score
  • Review your offer, complete your details, and set up your direct debit
  • If approved, receive your funds as quickly as possible
Start with eligibility Funds timing can vary depending on your bank and your application status.

What 118 118 Money no guarantor loans are designed for

No guarantor loans can be useful when you need a defined amount of borrowing and want a clear repayment plan. Customers often look at this type of loan for things like essential car repairs, urgent home costs, debt consolidation, or other planned expenses where fixed monthly payments may help them budget.

As with any borrowing, the key question is not just whether you can be accepted, but whether the repayments are affordable for you month after month. If you are comparing options, think carefully about the amount you need, the term you want, and the total amount you would repay overall.

Before you apply

It is worth checking your budget first and making sure the monthly payment fits comfortably alongside your other regular commitments. 118 118 Money says full applications include credit and affordability checks, so using the eligibility check first can be a sensible place to start.

You should also remember that missed or late repayments on a 118 118 personal loan incur a £12 charge. Borrowing should only be considered if you are confident you can keep up with the agreed repayments.

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No Guarantor Loans FAQs

A no guarantor loan is an unsecured loan that does not require another person to guarantee your repayments. The lender assesses your application using your own circumstances.

Subject to eligibility, 118 118 Money offers personal loans from £1,000 to £8,000, with terms from 12 to 60 months.

No. 118 118 Money says its eligibility check will not affect your credit score.

Yes. 118 118 Money says its personal loans come with fixed monthly repayments, which can make budgeting easier.

Yes. 118 118 Money says you can discuss partial or full early repayment, which may reduce the total interest you pay.

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Ready to explore no guarantor loans?

Start with an eligibility check and see whether a 118 118 Money loan could be right for you.

Check my eligibility
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Credit is subject to status, affordability and credit checks. Credit is only available to UK residents aged 18 and over. Terms and conditions apply. Missed or late repayments on a 118 118 personal loan incur a £12 charge.