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Fast Loans No Guarantor
24 Jan 2019

How to Find Fast Loans No Guarantor

If you are short of cash and a financial emergency has cropped up you might want to apply for a loan. If you need money fast, it is no good applying at a bank on the high street. This is time-consuming and there is no guarantee you will get the loan. If you want to find fast loans no guarantor, apply online and you will know within minutes if you are approved.

Make a Single Application Search for Loans with a Range of Lenders

There are two ways of looking for loans online. The first is to make a search yourself by typing in “fast loans”. The second is to make a single loan application with Bonsai Finance and search for a loan from our range of lenders. We can help to match you up with lenders who offer affordable loans with competitive rates.

Many Types of Loans Available Without a Guarantor

The guarantor loan is all well and good but the drawback is that you have to ask someone to stand by your side as your guarantor. Some people don’t have anyone to ask or would rather not ask. This is because a guarantor is risking their credit rating on you and your ability to be able to repay the loan. Thankfully, there are solutions other than the guarantor loan. You might want to consider applying for a:

  • Personal loan;
  • Short term loan;
  • Payday loan.

Let’s Look Closer At What Fast Loans No Guarantor Offers

So what do the above loans offer and which might be the most suitable for you? Lets take a look.

Personal Loan

If you have a satisfactory credit rating, and you want to borrow a sum of money up to £5,000 you might apply for a personal loan. The personal loan can generally be repaid back for up to 36 months, which enables you to spread the cost of the loan out to keep the repayments down.

While spreading the repayments out over longer may help the loan to be more affordable each month, bear in mind you will pay more interest the longer you take the loan over.

Short Term Loan

The short term loan generally allows you to borrow between £500 and up to £1,000, although this may differ between lenders. You can spread the cost of the short term loan over a few months but again the longer you take the loan over the more interest is paid.

Payday Loan

The payday loan differs from the above two options in that only a small sum of money is borrowed. This is usually up to £100 but again depends on the lender.

One of the biggest differences with the short term and personal loan is that the loan is repaid back quickly. This can be anywhere from one month to three months. A payday loan should be regarded as an emergency loan. If you need to get hold of a small cash sum fast, this type of loan might be the most suitable. However, you do have to keep in mind that it has to be paid back out of one to three paychecks.

Criteria

To be able to apply for a loan you should:

  • Be over 18 years old;
  • Have a bank account;
  • A regular income;
  • A debit card.

In Conclusion

We can help you to find suitable fast loans no guarantor. All you need to do is tell us how much you want to borrow and when you want to repay the loan. We can then match you up with our panel of lenders all of who offer competitive rates with numerous loan options.