Blog

Loans For 18 Year Olds No Guarantor

August 16, 2019

Free broker service to find loans for 18 year olds no guarantor. Fill out one short form to find all available lenders for your financial situation. The process is simple for payday loans online, it will not affect your credit rating or even involve a credit check. Our quote form will take you less than five minutes to complete. You will get an instant quote from all no guarantor loan lenders. Loans For 18 Year Olds No Guarantor Be aware that taking out a loan that you can't afford to pay back will not help your financial situation. If you need help with debt and loan repayments take a look at the moneyadviceservice.org.uk website today.

What is a No Guarantor Loan?

A guarantor loan requires another person to backup your loan proposal, in the case you miss any payments, they must make them for you. Without a guarantor (this back up person) you are taking out bad credit loans without guarantor. This means the lender is taking additional risk on lending you the money, therefore interest rates on no guarantor loans are generally higher. You will pay back more money with a no guarantor loan than on a loan that has a guarantor as a back up. A guarantor will co-sign the loan papers, with two people involved the loan process usually takes a lot longer to process. The big advantage of a no guarantor loan is that it takes less time to process, meaning you will have the money in your bank account quicker than with a guarantor loan sign up. Get a Quick Loan Quote Fast

How To Get Loans For 18 Year Olds No Guarantor

You head on over to our quote page and fill out a short form. This is for payday loans direct lender no credit check. Here is a step by step guide on how to get this done:

Step 1: Head on over to out loan application quote page. Click the button at the bottom of this page to go there.

Step 2: Enter the amount you would like to borrow.

Step 3: Select the period of how long you would like to borrow the money for.

Step 4: Select an option of what you are going to use the money for eg to buy a car or to pay bills etc.

Step 5: Enter your name and contact details.

Step 6: Select an option that best fits your living arrangements.

Step 7: Tell us about your employment status.

Step 8: Enter your monthly expenditure.

Step 9: Submit the form to get an instant quote.

The form is fast and east to complete. Many of the steps involve selecting an option from a list, only a few stages need you to type in entries. In most cases the form will only take a few minutes to complete. You could have the money in your bank account within 10 minutes. It's good to note that even people with a bad credit rating are accepted for these kind of loans. There are loans for 18 year old no guarantor available. Some lender options include:
  1. Mr Lender and loans like Mr Lender
  2. Safetynetcredit
  3. Likely Loans and any Likely Loans alternative

Should You Choose a No Guarantor Loan?

Whether you go for a no guarantor loan really does depend on your personal situation. If you have been knocked back for a loan from your bank at the age of 18, then looking at a no guarantor loan is the next option. If you do not have any one close that will act as a guarantor for you, then you will need to go for a no guarantor loan. The big draw back with a no guarantor loan is increased interest rates, meaning you pay back more money. However, on the brighter side of things, the loan process will be easier and faster. You might not feel comfortable asking someone to be a guarantor, they will see your financial situation, which you may not want to share. In this case, a no guarantor loan is the best option for you.

Get That No Guarantor Loan

Before you go ahead and get a no guarantor loan you need to be 100% sure you can make the repayments. You can use the loan to pay off car bills, any general bills, debts and even for home improvements. Before you take the plunge ask yourself:
  • Do I really need the loan?
  • What is the minimum I really need to borrow?
  • Can I make the repayments?
  • Are the terms of the loan suitable for me?
Our quote application form will help you answer all of these questions. Remember that the form is free and you have no obligation to take a loan offer after completing the form. The quote will not affect your credit score. Please note that taking out a loan over a longer period could make the interest higher, you will pay back more.

How Much Can You Borrow

You can borrow between £100 and £5000, you can get a no obligation quote in under 2 minutes from now. You can borrow the money over these set periods:
  1. 3 months
  2. 6 months
  3. 12 months
  4. 18 months
  5. 24 months
  6. 36 months
Keep in mind that loans without a guarantor over longer periods have higher interest rates due to the increased risk for the loan lender. Click the button below to apply for loans for 18 year olds no guarantor now. Get a Quick Loan Quote Fast