The Very Best Loans with Loantra

Short-Term Loans

Apply Today to Borrow up to £995

*Online decision

*Responsible lenders

*Rates from 278% to 1576%

*3-12 month repayment

Personal Loans

Apply Today to Borrow up to £25,000

*Instant Decision

*60-Second Application Form

*Rates from 4.7% to 278%

*3-36 month repayment

What Loantra can do for You

Loans for Bad Credit With No Guarantor

Looking for a loan?

Got bad credit?

Don’t have a guarantor?

This might look like a pretty bleak scenario but the good news is that all hope is not lost. There are actually plenty of options for getting a loan when you have bad credit and not all of them require a guarantor. The key is not to get desperate, to consider your options and to decide on the best solution for your circumstances.

Got Time?

The first factor to consider is time. The longer you borrow for, the more you will pay in fees. APR means ‘Annual Percentage Rate’, so of course this will add up over time.

That means that when you need the loan for a long period, you need to make sure that the APR is as low as possible. This usually means you need a way to demonstrate that you’re a good option for lenders and it means that you will likely need to jump through a few more hoops before you can get the money.

The best options that don’t involve a guarantor normally revolve around getting secured loans. That means that you are putting something up as collateral – so that if you fail to repay the full amount, the lender gets to seize your property in order to make the difference. It could be your car (as in a title loan or logbook loan) or it could be your home (a typical secured loan). As long as you have some kind of asset that you can offer up, then you can exchange this for the loan amount and thereby still get a conventional loan with a low APR.

Of course another option is to spend some time fixing your bad credit – but that is often easier said than done.

Need it Quick?

On the other hand, you might need the money quickly. In that case, as long as you can also return the amount quickly, then you can use a payday loan. These are the most common forms of loans for bad credit with no guarantor and they work by charging a higher APR in order to mitigate the risk.

That also means you need to borrow less and pay it back more quickly. But if you just need a few hundred dollars and you can pay it back in a couple of weeks, then this is a great option. It may be a high APR but if that translates to $15 – then it’s not really a big deal!

If you need a little more though, then installment loans are loans that work very much like payday loans. Here, the only difference is that the repayment takes place over a series of installments rather than coming out in one go – and that means that you can actually use these types of loans in order to repair your bad credit rating. Talk about killing two birds with one stone! Installment loans also have a slightly lower APR, which makes them one of the most appealing financial products for many prospective borrowers.

See How We Compare to Our Competitors

Loan amount
£500 - £20,000
Loan term
12 - 60 Months
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Loan amount
£500 - £100,000
Loan term
1 - 18 Months
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Loantra 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 305.9% APR. Representative example: £400 borrowed for 90 days.

Total amount repayable is £561.92 in 3 monthly instalments of £187.31.

Interest charged is £161.92, interest rate 161.9% (variable)

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.

5 most recent personal loan reviews

Review of Natwest

My personal loan from NatWest was planned in advance because I like to do plenty of research before committing to something as important as a building extension. I wanted to make sure the loan would be possible and that it was at a competitive rate before I started employing architects and builders. I was in regular contact with our local branch’s loan adviser and they finally sorted out a very good loan for me and once that was agreed I got on to the job of planning this extension. We’d already had the go ahead from the local council so it was all systems go once that all important loan was finalised. Sometimes it’s best to deal with your own bank for such an important loan and I am pleased that I entrusted NatWest with my loan.

Review posted by Wayne Crouch, Plymouth

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of U Switch

In our position your company treats us well. We have the income but unfortunately due to circumstances beyond our control our credit rating is bad. Thank you Uswitch for giving us a chance.

Review posted by Neil Morrison, Perth

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Wonga

Suprised at ease of application. Never wanted to use these kind of things but had a very tough month and needed a few pounds before payday. After checking different options I found the small amount to payback manageable and it’s all payed back 2 days after payday. Easy process with quick response.

Review posted by Anthony Bell, Chelmsford

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

All reviews have been sourced from Trust Pilot to ensure authenticity of testimonials.