Multi Month Loans offers no guarantor loans to the average UK resident. Yes, that means that you can get a loan with no guarantor. With us, the entire process can be completed and the money paid into your bank account in as little as just 24 hours*. Apply for quick payday loans with us today and find out for yourself just how quick and hassle-free applying for a loan online can be.
What Are No Guarantor Loans?
No guarantor loans are short term loans that are granted to applicants who don’t have a co-signatory, otherwise known as a ‘guarantor’. This means that the applicant is wholly responsible for the loan repayment themselves. Often this means that the applicant is at more risk of not paying the loan back, especially if there is a prior history of poor credit management and failure to make loan repayments.
Requirements for Fast Loans No Guarantor
If you’re looking for a loan without a guarantor then you might be wondering what the requirements are when you apply. For loans with no guarantor, direct lenders will consider your application based on a few factors. These include, but are not limited to:
- Your UK resident status.
Multi Month Loans is a UK company, servicing UK residents only.
- Your monthly incomings.
You must be able to afford the requested loan. You must have incomings of at least £700 per month and an active UK bank account.
- The way you handle credit.
If your current and previous efforts at financial management have been and are still poor, this could negatively impact on your application.
No Guarantor Loans Guide | Quick Loans No Guarantor
There are a number of things that you need to know about no guarantor loans. With this type of loan, you can expect to receive an amount at a slightly higher interest rate than high street lenders will offer you. If you have a poor credit rating or have been turned away by the local high street bank in the past, then a no guarantor loan may be the best viable option for you.
What you need to know about our quick loans with no guarantor:
- With our loans, instant approval is granted within just 15 minutes
- Cash will be paid into your bank account within 24 hours of being approved
- You can apply for loans between £100 and £5,000
- Loans can be paid back over periods from 1 to 24 months
- Your loan can be used on whatever you require, anything from car repairs to private medical bills
- We don’t charge for loan applications or for the service that we provide
- We do a soft credit check against your name, protecting your credit record
- No paperwork is required which saves a great deal of time and frustration
- The entire application, including signing the loan agreement, can be done online
- Your personal information is treated as private and confidential and will never end up in the hands of third parties
Get Bad Credit Loans – No Guarantor – No Credit Check
Got a poor credit history? You can still apply for a loan without a guarantor and get approval within just 15-minutes.
While we do carry out a credit check for each and every application, your credit score will not be the only deciding factor in your loan approval, instead, lenders will take other aspects into consideration to access your financial situation.
Even if you have bad credit, you can still apply for a no guarantor loan successfully if you earn the minimum monthly income amount of £700 and if you currently have a good relationship with credit. That means that you must be paying your accounts on time and aren’t applying for new credit and loans at every opportunity. Paying loans and accounts late can result in serious financial woes and can affect your credit.
The Money Advice Service UK provides helpful information and advice if you are struggling to repay your debts on time.
Benefits of Quick Loans No Guarantor at Multi Month Loans
With a quick turnaround time on loan application outcomes and payouts, we certainly stand out from the rest. At Multi Month Loans, we deal with direct lenders most likely to meet your requirements for a short term loan. Here is why you should apply for a loan with Multi Month Loans today:
- We accept applications from good and bad credit individuals
- We provide flexible payment terms (choose up to 24 months to pay)
- Our interest rates are competitive with other quick loan lenders and brokers
- We have no hidden fees and charge no costs for the service we provide
Apply for a quick loan with no guarantor required today. Multi Month Loans – making short term lending simple!