No Guarantor Loans
As the name suggests, no guarantor loans don’t require a second party or guarantor to be on standby to pay for you in the event you can’t make a payment.
As there’s no guarantor, you have sole responsibility for the repayment of the loan. At PM Loans, you have the options of no guarantor loans, cash loans, bad credit loans and short term loans. With a no guarantor loan, the borrowing arrangement is between only you and the lender, so you get to maintain your privacy as no third party is required to be involved.
Is a No Guarantor Loan right for me?
When applying for a loan, it’s extremely important that you take to fully fathom your financial situation and be totally certain about:
- The terms of the loan.
- Your affordability of the repayments.
- The amount you really need to borrow.
- Your monthly repayment options.
How a No Guarantor Loan can help
PM Loans aims to help as many people as possible access the emergency cash they need when they need it. We believe in offering “life support” and strive to provide the best deal when you need money fast. Here, we’ve broken down some of the benefits of a no guarantor loan.
Once accepted, you receive your money fast. It can land in your bank account in a few hours if approved.
We do not charge any fees, just interest. If you repay your loan early, you’ll save money on interest, too.
Note: Loans without a guarantor often mean less paperwork. As opposed to a loan where you do need a guarantor.
Am I eligible for a loan?
When processing your application we consider your bank details, employment details, circumstances and address to assure that our criteria is met.
In order to be eligible for a no guarantor loan, you must be aged 18 or over, have a consistent source of income and be a UK resident. Please be aware that as a responsible short term loan provider, we might not be able to provide the loan that you apply for if we believe that it isn’t appropriate for you at this time.
Using your loan
Here at PM Loans, we advise that the loan is used to cover finances when they’re in an emergency state. No guarantor loans aren’t an appropriate solution for long term debt issues but can be extremely useful for short-term debt issues.