No Guarantor Loans in the UK

What Are No Guarantor Loans?

A no guarantor loan is a loan that does not require a second party to co-sign — or “guarantee” — the repayment of the loan. Often, when an individual believes they have poor credit or is in a difficult financial situation, having someone with better credit or more resources co-sign the loan will improve the chances that the application will be accepted. The guarantor's promise that they will repay the loan if the actual borrower fails to do so makes the lender more confident that they will get their money back.

With a no guarantor loan, you don't have to find someone who is willing to guarantee your loan for you, greatly simplifying the application process. On the other hand, it might be more difficult to be approved for a loan by yourself, especially if you have a low credit score.

Does On Stride Financial Offer No Guarantor Loans?

Yes, On Stride Financial is proud to offer no guarantor loans to hardworking people in the UK. We offer unsecured instalment loans of £150 – £5,000, repayable over the course of 6 to 36 months. And while many people may be apprehensive to apply for a no guarantor loan if they have less-than-perfect credit, On Stride Financial considers all applicants, so long as they meet our minimum requirements.

What Is Required to Apply for a Loan From On Stride Financial?

Applying with On Stride Financial is quick and simple. Our online application allows you to apply from the comfort of your home (or anywhere with an internet connection) 24/7/365! You just need to meet the following minimum requirements:

Be at least 18 years old

Be a resident of the UK

Have a regular income

Have a valid UK bank account with an active debit card

If you meet the minimum requirements and you’re looking for a no guarantor loan in the UK, go ahead and apply with On Stride Financial today! If approved, you can receive your money the same day as approval.

No Guarantor Loan FAQs

How Does Not Having a Guarantor Affect My Loan Terms?

When a lender approves someone to borrow money, they are always running the risk that the person won’t pay that money back. Guarantors make lending less risky, allowing lenders to charge less interest.

When you take out a no guarantor loan with less-than-perfect credit, it may be riskier for the lender than if you had a co-signer with better credit. Because of this, interest rates tend to be higher for no guarantor loans. That means you may pay more than you might for a guarantor loan.

What Should I Consider Before Applying for a No Guarantor Loan?

If you decide to take out a no guarantor loan, you should carefully consider how much you will borrow and how long you'll have to pay it back. Before you sign your contract, examine the repayment schedule to get a sense of how much you'll be responsible for repaying each month. It's a good idea to put together a budget of your income and expenses to see how much you’ll be able to repay given your current finances. You should never borrow more than you will be able to comfortably pay back.

What Are the Terms and Conditions of an On Stride Financial Loan?

The terms and conditions of your loan will depend on your financial situation and credit history. You also may be able to choose to repay from 6 months to 3 years. A longer repayment time will mean lower payments each month compared to a loan of the same size repaid over a shorter period. On the other hand, because you'll be taking longer to repay, you'll also end up paying more in interest overall.

What If I Have More Questions?

We've put together a resources page that offers information on our loans and their features — head there to see if any of our articles can help! If you still have questions, don't hesitate to contact us by email or phone. Our customer support representatives are available Monday – Friday: 8am – 9pm, and Saturday - Sunday: 10am - 6:30pm.

Why Choose On Stride Financial

Led by a team with years of experience and leadership in the UK financial services industry, we believe everyone should have access to straightforward and trustworthy credit. Our mission is to help hardworking people improve their lives and fulfil their financial responsibilities by offering open and honest loan terms. With On Stride Financial, you’ll always know what you’re getting. Should you have any questions, our top-notch customer support team is there for you every step of the way.

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