Unsecured Personal Loans with No Guarantor
Getting unsecured personal loans with no guarantor seems like something hardly possible, especially if you also have bad credit. But even though it’s a little challenging, it could be possible. Let’s see what these loans involve, and what your options are for unsecured personal loans with no guarantor.
How to Apply for Unsecured Personal Loans with No Guarantor?
Unsecured loans can be offered without securing collateral to them, such as a house or a car. They are pretty much issued based on your credit score – so, this must be quite high. However, there are also unsecured loans for people with bad credit – and you can get them without a guarantor.
A loan without a guarantor means that you won’t need someone to sign with you. Thus, nobody else will have to deal with the loan in case you fail to make payments. Many lenders would prefer you to apply with a cosigner, but in case you don’t have anyone to trust enough for this or simply don’t want one, you may be able to apply without one.
In order to apply for an unsecured personal loan, you have to do a lot of research. There are many lenders out there who seem willing to give you the best loan of your life, but in reality, what awaits you is a terrifying interest rate. You must research and compare, and find the best option for you.
Afterward, you have to apply for the loan, which is usually done online nowadays. You will provide your personal information, and keep in mind the lender will have to see your credit score first. If your loan application is accepted, it will be deposited into your account, and you’ll be able to use it.
You will have to make regular repayments after you get your loan and you will also have to pay an interest rate. The amount will be decided between you and the lender, depending on the sum you borrowed.
Reasons People Take Out Unsecured Loans
Why do some people take out unsecured personal loans with no guarantor, and not secured ones, for example? Well, you will find some reasons below:
To Pay for Your School
In case you’re a student, unsecured personal loans with no guarantor can help you pay for your tuition. Maybe you can’t take out a federal loan, yet you still need money for school. It would be difficult to have a guarantor if you’re an immigrant, and it would be even harder to have something to secure a loan since you’re not from the U.S. This is why unsecured loans are the way to go.
You’ll be able to pay for your studies and keep pursuing your dream career, all thanks to an unsecured loan with no guarantor.
To Buy a Car
A car is more than useful nowadays, as you can drive wherever you want without having to deal with public transport. But cars are not cheap – so, an unsecured loan will help you, and you may not even need a cosigner to sign with you. You just take the loan, get your new, dream car, after which you just deal with repayments once a month.
For Personal Reasons
Unsecured loans can help you for personal reasons too. Maybe you need cash for your daily expenses or you have seen an offer and want to get it while it’s still available. The cool thing about unsecured loans is that they can pretty much be used for many personal reasons, so you aren’t limited to specific things.
Overall, personal loans can be used for anything. If your loan application gets accepted, then you can do a lot of things with the cash. This is why so many people like personal loans, despite the fact that they have to pay interest rates.
9 Best Unsecured Personal Loans with No Guarantor
If you want an unsecured personal loan yet have nobody to cosign for you, then you have to know your options in terms of no guarantor loans. Currently, there is a number of lenders who offer unsecured personal loans with no guarantor. You will find out about each one of them below.
Best Installment Loans with No Guarantor
CashUSA is a great choice if you want to get your loan decision immediately. It only takes a few minutes until you will receive an update on your application, which is a big advantage in itself when you can’t afford to wait too much for the money.
This lender is secure and no information will be leaked to any outside sources. The site uses security measures and has standard encryption so that your personal data is in the right hands at all times.
In order to meet the eligibility requirements, you need a checking account in your name, a good income of at least $1,000 monthly, and you must be 18 years old. Not to mention that you also need a valid email address and you must provide your phone and work number.
Here are some of the best things about this loan:
- You can use the loan for pretty much anything
- Your funds will be deposited directly in your bank account
- All credit types are accepted
- Your loan can be between $500 and $10,000
If you have bad credit, then PersonalLoans may be just what you’re looking for. This site offers loans tailored for your needs even if you have poor credit at the moment. The network has many lenders who are willing to help people in your situation, so you have great chances to be connected with someone who will help. Available 24/7, this site can be a real blessing.
This site can offer you:
- Loans available in every state
- A wide lender network
- Loans between $500 and $35,000
- Quick loan decision and funding
BadCreditLoans has been operating since 1998 and is a great funding opportunity for anyone who needs some cash for their needs. Even if you have bad credit, this lender will help you by giving you unsecured loans that suit your situation.
They offer loans no matter what you need them for, and the best thing is that they are available 24/7. This lender can offer you:
- Quick cash deposits as soon as the next day
- Loans between $500 and $5,000
- Connection with a lender
- Loan terms of 3 to 60 months
Best Short-Term Loans with No Guarantor
Do you need money right now? Then don’t hesitate to try CashAdvance. This site will give you cash very quickly as long as you are accepted. Also, even if you have bad credit, that doesn’t instantly make you ineligible for a loan from them. This large lender network will connect you with someone that suits your needs and can help you a lot.
On CashAdvance, you will:
- Get loans from $100 to $1,000
- Get a fast loan decision
- Have a large lender network
MoneyMutual works hard to ensure every person receives the money they need. The cool thing is that you can get your cash deposited in as little as 24 hours. You can get up to $2,500 that you can use for many purposes
This site can:
- Let you complete an easy form that takes minutes
- Give you access to a large lender network
- Give you cash very quickly
SignatureLoan is great because you can complete your application in no more than five minutes. You will have interest rates too, which vary depending on your application results. The cash can be used for a lot of things, including bills, reparations and more.
The advantages are:
- You can get sums between $1,000 and $35,000
- The application is very quick
- You can use it for anything
Best Credit Card Loans with No Guarantor
Fingerhut Credit Account
Fingerhut Credit Account should be your choice if you have no cosigner and you want an easy, quick application. It will only take a matter of seconds until you receive a decision. It has a good reputation thanks to the services it can offer. Overall, it will be able to:
- Help you build your credit history
- Let you use your cash to shop from many brands
Total Visa Card
Another great choice when you have no guarantor is the Total Visa Card. You will deal with convenient monthly payments so that it doesn’t make your life harder. The lender will report to all major credit bureaus each month, which is why it’s an opportunity to build your credit score.
The advantages are:
- You just have to pay a program fee if approved, and you will gain access to your money
- The application process is quick
- The card is accepted by many merchants online and in the U.S.
First Access Solid Black VISA Credit Card
This First Access Solid Black VISA Credit Card is yet another opportunity to not only get cash but also build your credit history. Considering it reports to the major bureaus each month, you have great chances to improve your credit score. Not to mention that you don’t need perfect credit to be accepted for a loan either.
You can get:
- A secure and easy application
- A card that is accepted at many ATM locations
- A card accepted on many websites
Getting unsecured personal loans with no guarantor is possible – you just have to know where to look. Hopefully, this post was helpful enough in this regard, and you can get a loan with no cosigner, bad credit or no credit. Check out Stilt for other useful information that may help you pick your unsecured personal loan.