Struggling to get a loan due to not having a suitable guarantor? Here at Payday Loans Net, we do not offer guarantor loans, instead we can help you with short term borrowing whether you have a good or bad credit history. You can apply for our alternative to guarantor loans in the UK online as a sole applicant and get a decision in minutes, if you can afford the loan repayments.

To start an application, click apply now and choose a loan between £300 – £1,000, with a repayment term over 3 – 6 months. Fill out our short application form and you could have the funds in your account the same day if approved.


APPLY NOW

What is a Guarantor on a Loan?


A guarantor is someone who has a good credit history who will co-sign a loan agreement if you have poor or bad credit. This means that in the event if you struggled to repay a loan and fall into financial difficulty, the guarantor would be responsible to ensure the repayments are maintained. If you are considering guarantor loans online, it can be difficult finding a suitable guarantor just to get the loan you need. This is why at Payday Loans Net we provide no guarantor loans, helping you apply as a sole applicant even when you have a bad credit history. We consider applications from people with varying credit histories, so if you can afford to maintain repayments on the loan amount and terms you need, you could be successful through us.

You could spend hours searching for the best guarantor loans available, but if the reason you are doing so is that you feel you can’t get approved alone, we can help. We focus on your current finances when running affordability and credit checks, so if we can see you’re not in financial difficulty and can afford the loan you’ve applied for, you may be approved. Whilst we don’t provide guaranteed loans, we won’t decline you just based on your credit rating. We will fairly assess your application and if we cannot determine you can afford it, we will have to decline.

Alternative to Guarantor Loans for Bad Credit


We know it can be difficult to find suitable guarantor loans direct lenders, especially when your options are limited due to having bad credit. Our alternative instant guarantor loans will allow you to stop searching and not have to arrange a guarantor. You can click apply now, fill out our short and simple application form, tell us how much you want to borrow and how long for and that’s it – no co-signing needed.

If you have a history of bad credit, either from arrears payments in the past, defaulted agreements or even CCJs, this will affect your credit score. However, we know that as this can take time to improve, your finances may already be in a better position and not reflected by your credit rating. That’s why we’ll take the time to consider applications from a range of credit histories. We cannot provide 100% acceptance loans, but we will consider your situation and quickly approve if we can see it is affordable.

Trusted Guarantor Loans Direct Lenders


We are a trusted short term loans direct lender, fully authorised by the Financial Conduct Authority (FCA). It’s important to only use lenders who are approved by the FCA as this ensures you are treated fairly as a borrower. We work to responsible lending guidelines to ensure all applicants are considered equally and that we only approve a loan application if this will not cause you to fall into further financial difficulties. If you find guarantor loan lenders and you are not sure they are authorised, you can check the FCA register.


APPLY NOW

Guarantor Loans in the UK FAQs


Do I Need to Guarantor My Loan When I Apply?

Applying for a loan at Payday Loans Net doesn’t require you to provide a guarantor, meaning you can apply as a sole applicant. We welcome those with bad credit if they have the affordability to maintain the loan repayments. You will still need to meet our eligibility requirements and undergo the relevant credit and affordability checks first.

How Do I Get the Best Guarantor Loans?

A guarantor loans in the UK direct lender will offer the loan amount you want only if you can provide a suitable guarantor. As this can be hard for some to do and means having difficult conversations with friends and family about money, there is an alternative. We can provide loans up to £1,000 over 3 – 6 months without the need for a guarantor. So, you can spend less time looking elsewhere and finding someone with good credit to co-sign your agreement. The best loans are ones that meet your requirements whilst providing flexibility. We can help you get the right loan each time.

Can You Help Compare Guarantor Loans?

We don’t provide a comparison service of guarantor personal loans, payday loans etc, instead, we provide an alternative option that allows you to borrow in the short term without a guarantor. This means if you have bad credit and have been concerned with finding a suitable guarantor, you won’t need to worry about doing so through us. We can help those with a low credit rating get a loan in an emergency without having to provide additional guarantors.

Can I Get Same Day Guarantor Loans?

It’s possible to apply and get approved for a loan the same day you apply. Many lenders of guarantor loans for bad credit may take much longer to provide approval and you may not receive your cash the same day. However, here at Payday Loans Net, with our alternative to guarantor loans, you can get approved and the cash into your bank account within 24 hours. If you apply within business hours, we can work fast to process and deliver your loan quickly.

Do You Charge a Fee to Apply for a Loan?

No, there are no fees to apply online with us. Some lenders may require bad credit applicants to pay an initial application fee, but we are happy to help you find the right loan without. You’ll also see quickly whether you have been successful or not, so you can apply without the worry of being charged if you’re not approved. We do charge late payment fees if you miss a repayment, however, this is only if the arrears have not been settled within 24 hours.

Apply for Alternative Guarantor Loans Online


Ready to apply online? All you need to do is click apply now and begin your application. We’ve made applying for an alternative option to guarantor loans as simple as possible. You can use our loan calculator to easily see how much the loan amount and terms you want will cost, then simply fill in our application form to submit your details. Get an instant decision and receive your loan with no delay.
If you are struggling with financial difficulties, you should consider before applying whether a loan is right for you. For impartial financial advice, please visit Money Helper for more information.

Guarantor Loans in the UK


When you have poor credit, having to find a guarantor to support your loan application can be frustrating. That’s why we take a different approach when providing short term loans for bad credit applicants. We don’t provide instant guarantor loans, instead, we provide instant no guarantor borrowing, meaning you can apply online in minutes as a sole applicant. To be eligible, you will need to:

  • Reside in the UK
  • Have a UK bank account
  • Have a steady income

If you are over the age of 18 and you are not in current financial difficulty, being able to prove you can afford the loan you want, we can look to help today. We are a UK-based direct lender of short term loans, so if you have bad credit, you can apply with confidence today.

Representative example

Total amount of credit: £500
Duration of the agreement: 4 months
Repayment total: £863.24
Interest is fixed at rate of 270.10% per year – 0.8% interest per day | Representative 997% APR
£215.81
Instalment 1
£215.81
Instalment 2 & 3
£215.81
Instalment 4