WARNING: LATE REPAYMENT CAN CAUSE YOU SERIOUS MONEY PROBLEMS. RATES FROM 45.3% APR TO 1575% APR FOR HELP, GO TO MONEYADVICESERVICE.ORG.UK

The Answer To Your Cash Needs

Representative 277.5% APR

Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed).
The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances

Non-payment could have a negative impact on your credit rating and have increased charges and interest rates.

The Great Things About KnightFinance

Super Fast Process

You could get money directly into your account after just a 15 minutes application.

Affordable Finance

Get the cash you need without the usual high costs, because of our wide range of lenders.

Low Interest Rates

Compare lenders to make sure that you get the lowest possible rates.

Unsecured loans

There’s no need to put any collateral against your credit, all our loans are unsecured.

See How Our Competitors Compare

Loan amount
£200 - £1,100
Loan term
1 - 4 Months
CUSTOMERSCORES
Fast services
Apply Now

Show More ▼

Loan amount
£100 - £2,000
Loan term
1 -12 Months
CUSTOMERSCORES
Excellent
Apply Now

Show More ▼

Quick Loans No Guarantor

Nowadays, life is moving in a fast-paced motion that almost everyone wants everything in an instant — instant noodles, instant pain reliever, instant meals, instant coffee, and even instant loans. Unfortunately, not all types of loan, especially the ones from banks and traditional lending facilities, can be acquired immediately. They follow certain procedures that take days or even weeks to finish. Thus if you want quick loans no guarantor, the best way is to apply online.

If you are running out of money or you’re worried about your credit rating, you can rely on online loans as these loans are more lenient. They only ask for minimal requirements that are easy to meet and the entire loan application process is fast and easy. Here are some of the options you have:

Payday Loans

As the most popular type of quick loans, the payday loan is best used to resolve emergency expenses and sudden bills such as a car repair or a medical bill. Most online lenders provide cash in as fast as 2 hours while others take only a few minutes. Because of its rapid method, many are tempted to get one even without assessing their financial capability. Sadly, this only leads to further problems such as a bad credit remark.

The loan itself is expensive and failing to repay on time only adds more charges. As a result, those who couldn’t cope up with the payments either extend the loan or default on it. Extending the loan or “rollover” allows the borrower to prolong the debt’s due date; the lender allows this to happen as long as there is an additional fee on top of the principal amount and interest rate.

Nevertheless, the loan provides an easy way out to urgent problems. Those who have a bad credit rating or have no credit history at all can rely on this as their chances of getting approved are higher than banks and traditional loans. Homeowners who are afraid to risk their property or loan seekers who have no asset to pledge can take advantage of this unsecured loan.

Personal Loans

A personal loan is a hit because of its flexibility and speed. The loan is helpful when you’re falling short of cash and you don’t want to bother explaining your purpose of borrowing the loan. From the name itself, you can use it on anything legal such as consolidating debt, purchasing groceries, paying utility bills, etc.

When borrowing a personal loan, you have two options – secured or unsecured type. Secured means you are using collateral to secure the loan. Borrowers who have low credit remarks can increase their approval rate by pledging their assets such as a car, house, jewelry, stocks, or gadgets. This also lets them acquire a higher loan amount with a low-interest rate. However, you should be aware of the risk that you are facing; once you decided to default or stop repaying the loan, the lender will acquire your property, put it in the market, and use the cash to settle the remaining amount and incurred charges.

An unsecured loan, on the other hand, does not require collateral. Homeowners who are worried about losing their asset and those who have no property can take advantage of this credit. The only requirement that will be used to safeguard the loan is the proof of income. Therefore, being employed is crucial. Although there are lenders who may accept unemployed or recipients of benefits or pensions, the number of loan providers is limited.

If you’re thinking whether the loan is suitable for you or not, here are some of its advantages:

  • Easy To Qualify

With simple requirements such as age, residency, income, and bank account, the borrower can get the loan’s approval

  • No Lengthy Process

The entire loan application can be done in less than an hour

  • Sufficient Loan Amount

Unlike payday loans, personal loans offer a bigger amount

  • Simpler Repayment Terms

The payment can be done on an installment basis and you only need to bring out a small amount every month

  • Cheaper

The interest rate is smaller and fixed. It remains consistent, thus providing the borrower a peace of mind and a sense of stability.

  • Improve Credit Remark

Providing that you repay the loan on time and commit to the lender’s terms and conditions, your credit score will slowly increase. With a good credit rating, applying for a loan in the future is easier.

Logbook Loans

This loan is secured however, it doesn’t need much time to get approved. Although the auto title loan lender is dependent on the car’s condition, the company also considers other factors such as the borrower’s credit history, financial standing, income statement, and employment status. Failing to meet one decreases the chance of getting approved.

Meanwhile, the car’s make, model, and the year is the primary factor. The logbook or the vehicle’s document will be surrendered and used as the security against the loan and the borrower can freely use his vehicle as it is. The loan is not limited to a car and can be a boat, trailer, water rafts, RVs, etc.

Like other secured loans, the borrower is putting his asset at risk of losing in case he chooses to default. This means that the lender has the legal right to sell the car and use the money to compensate for the loan. Auto title loans can be acquired within a couple of days while some company can send the fund to your bank account on the same day you’ve applied.

Do Quick Loans Need A Guarantor?

Normally, quick loans are a small amount and can be acquired even without a guarantor. Rather, it demands a few prerequisites such as the borrower’s proof of employment, bank account information, and a postdated check. It may also require a credit report but unlike banks and traditional lending facilities, it will not be used as a sole basis for your approval. Rather, it will be the basis of the maximum loan amount you can have and its interest rate.

Collateral is also not necessary but it is an option if you want to guarantee your approval, apply for a lower interest rate, or acquire a loan amount when you have a bad credit. This is a relief for people who don’t have any asset to pledge or for homeowners who don’t want to risk their property. However, the borrower’s proof of income is very crucial and this will be used as some sort of security against the loan.

Meanwhile, you can get the help you need from a guarantor – the second person who will cosign the loan. His role is barely visible after the approval and you will not share the responsibility of repaying the loan with him; instead, he will only handle the loan in case you defaulted.

The repayment term depends on the type of the loan. For instance, a payday loan lender is payable within a couple of weeks or on the next payday. Meanwhile, personal loans and logbook loans can be settled on a monthly basis.

Quick Loans UK: Quick Loans Instant

Quick loans are a literally instant loan and one can obtain it in the comforts of their own home. If it’s your first time, you can start your application by going online. Almost every licensed lender on the Internet provides a free application form that can be accomplished in less than 5 minutes. Basically, it will ask for personal and financial details such as your name, bank account, and employment details. People on benefits or those who are unemployed may still get quick loans; however, they need to really spend time looking for a lender who will consider their case.

Aside from the convenience, quick loans are very accessible. Unlike the regular loans, it can be acquired even after office hours. Most online lenders offer a 24/7 customer service so they can address your concerns and process your application.

Quick Loans Direct Lender

One drawback of quick loans is its cost; it is expensive simply because your credit score is not much of an issue. Almost every bad credit loan carries high-interest rate and if you’re not cautious when looking for a lender, chances are you’ll be paying more. Therefore, considering a lender is imperative. You need to know the benefits and risks that you are going to take. Indeed, a lender may help you resolve your short-term financial crisis but in the long run, it may come off as an expensive debt. Choosing the right lender who offers lower interest rate and better repayment terms is ideal. However, you cannot just find the right lender in one sitting. You need to spend enough time and effort figuring out if the company is worth dealing with.

Every feedback from the lender’s clients are important and if you wish to land on the right provider, be sure to weigh the negative reviews from the positive ones. In addition, you can clarify concerns with the lender personally, via a phone call, or by sending a message. Be sure that all your questions are answered. A good lender is not hesitant to explain their terms and conditions. Avoid lenders who are vague as they may apply hidden charges without you knowing it. As a borrower, it’s your responsibility to clarify and understand their policy before signing up the loan contract.

Quick Loans Bad Credit

If you have a bad credit, chances are you’ve been declined – a thousand times. This will often leave you desperate for a loan but no matter how frustrated you are, do not easily take a loan that promises to assist your needs. Scams and loan predators are rampant and the last thing you want is to fall into their trap. Most of them claim 100% approval of the loan without any intention of giving you a good financial assistance. Scammers, for instance, may ask for upfront fees just to get approved but in reality, they have no intention of providing money. Worse, they may only acquire your personal and financial details to earn money out of it by sharing or selling it to third parties.

A loan predator, on the other hand, is as dangerous as the scammers. They may approve your loan, give you the money you need, but the interest rate it carries is extremely high. Most borrowers who fall for them are trapped in the vicious cycle of debt. The loan is hard to settle so they ask for a rollover or extending the loan with a fee.

If you’re already suffering from a bad credit, the best way is to take time finding the right lender. No matter how desperate you are, you need to find a loan provider who can sustain your needs without asking too much. After all, failing to repay the loan on time or defaulting on it will only decrease your credit rating. As a borrower, your goal is to improve your credit score or maintain its good shape and you can only do this when you learn how to commit to the lender’s terms and conditions.  Although there are bad credit loans available, always remember that a good credit report can help you score better deals.

To improve your credit score, you can ask for a free copy of your credit report. Use it to check your accounts and the total amount of your debts and try to settle it through a debt consolidation loan or one by one. Ask the lender if they can give a better repayment term or decrease the interest rate. Most lenders are willing to help so don’t be afraid to ask. Next, be sure to assess your capability before you get a loan. Find out the exact amount you need and avoid borrowing more than what you can afford. Finally, in case you’re approved, be sure to avoid late payments by setting a reminder on your own or asking the bank or the lender to send you a notification.

5 most recent personal loan reviews

Review of Colonial Second Charge Loans

I love CSC loans I have been with them nearly three years, need a top up as my son is getting married. They where brilliant as usual, no problems, done so quick - they were my life savers when needed most, thank you.

Review posted by Mary Hartnoll, Canterbury

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

Review of Together

As guarantor for my daughters, loan the service we got was quick and efficient, did checks, asked questions and all was sorted very quickly, would definitely recommend Together loans to all.

Review posted by Susan Mills, Darlington

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

Review of Shawbrook Bank

Brilliant service. The application process was a doddle, the Shawbrook representative who called me was polite, understanding and cheerful. The whole thing (from starting the application process to receiving the money) took around 3 or 4 hours. Very quick and efficient and no long or silly forms to fill out. Just what was necessary. Am very pleased I chose Shawbrook.

Review posted by John Marcus, Surrey

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money
All reviews have been sourced from the UK Trust Pilot to certify authenticity.

Representative 277.5% APR

Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed).
The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances

Non-payment could have a negative impact on your credit rating and have increased charges and interest rates.