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No Guarantor Loans

With a no guarantor loan from On Stride, you don't have to rely on a co-signer to receive your funds.

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Actual loan amount, APR and term may vary based on actual application details.

Learn More about No Guarantor Loans

On Stride Financial is dedicated to helping hardworking individuals get the extra funding they need. We're also dedicated to transparency in the loan process. When you complete our simple online application, you'll see exactly what amounts, rates and terms you may qualify for. And we'll clearly spell out what you'll owe and when, before you sign your contract.

Apply today for an On Stride Financial loan from £1,000 to £10,000. Loans are unsecured, with durations available of 1 to 5 years, and depending on your financial history, APR rates of 29% - 89%. Actual loan amount, APR and term may vary based on application details.

On Stride Financial is rated 4.8 out of 5 by Reviews.co.uk based on 923 reviews

What is a No Guarantor Loan?

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.

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 have for a guarantor loan.

Should I Take Out a No Guarantor Loan?

Whether or not to take out a loan is a personal decision, but there are certain points you should always consider before borrowing money. Most importantly, you should think about what you need the funds for. If the money isn’t for an urgent or important expense like car repairs or home renovations, you might want to reconsider getting a loan. Instead, you could save to meet your goal, or find other sources of funding like friends or family.

If you do 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.

How Do I Apply for an On Stride Financial Loan?

Applying for a loan on our website is simple! Just head to our application and give us some basic information like your name and address. Next, you'll tell us about your financial situation, filling in your employment information and bank account number. We'll review that information and let you know if you are eligible. If you are, you can finalise the amount you want to borrow and your loan terms. If you receive final approval, you'll be able to sign the contract and get your money as soon as the same day.

How Much Can I Borrow from On Stride Financial?

On Stride Financial offers loan amounts between £1,000 and £10,000. After you fill out your initial application, you'll be able to see how much you are eligible to borrow, if approved. The amounts you can choose from will be based on your credit and financial history.

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

Again, the terms and conditions of your loan will depend on your financial situation and credit history. If you are qualified, we offer APR rates in the range of 29% - 89%. You also may be able to choose to repay over 1 to 5 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, from 8 a.m. – 8 p.m.

The information in this article is provided for education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness or fitness for any particular purpose. The information in this article is not intended to be and does not constitute financial or any other advice. The information in this article is general in nature and is not specific to you the user or anyone else.