No Guarantor Loans
We are a UK based responsible lender, with local financing and no extra fees.
REPRESENTATIVE EXAMPLE: Amount borrowed: £200 | Loan length: 3 Months (82 days) | Annual rate of interest: 292% fixed | Cost of credit £111.36 | Monthly payments: £103.79, £103.79 and £103.78. | Total payable over 3 payments: £311.36
Response Funding Limited is a direct lender in the U.K. that provides short-term loans. Formerly known as Fancy a Payday, we are an established lender that is properly authorised and regulated by the Financial Conduct Authority. The application process is completed quickly and easily online and we offer fast approval. You may be able to receive the cash you need on the same business day. Often, those with past credit problems will still qualify for our unsecured loans. We strive to offer personal loans that are an affordable and practical solution for those in need of immediate funds. Many who obtain our loans are facing money problems and need help with critical expenses such as car repairs or child-related costs.
What is a No Guarantor Loan?
A guarantor is an individual who assists a borrower in qualifying for a loan. A lender may require a guarantor when the potential borrower has a poor or limited credit history. The guarantor acts similarly to a “co-signer”. The person assumes responsibility for the debt if the borrower were to become delinquent in repaying the loan. A guarantor is an adult resident of the country who generally has a good credit history. When a guarantor enters the loan agreement, they will remain obligated until the loan has been repaid.
The concept of requiring a borrower to have a guarantor has historically been a common practice in lending. Guarantors were common in times before lenders had fast access to a potential borrower’s credit score like they do today. Guarantors are typically family members or friends who have some level of established trust with the borrower. Guarantor loans are common when a young person wishes to obtain a car loan. They will often have a parent act as a guarantor to secure the loan. If the borrower repays the loan according to the agreement, the guarantor will not need to take any further action.
Why Consider a No Guarantor Loan?
People may consider a no guarantor loan for many different reasons. Our short term loans often appeal to those who have limited access to alternate forms of credit such as credit cards. Individuals struggling to obtain credit approval from a traditional bank or credit union may qualify for an online loan. We understand that an unexpected financial emergency can arise between paydays. We have a fast approval process and funds may be deposited into your bank account on the same day. Many traditional lenders require you to visit a local office to apply and it may be days or weeks before you receive a loan decision.
Benefits of a No Guarantor Loan
- The application process may be completed from any location with an internet connected device such as a tablet, laptop, or smartphone.
- We present our loan terms and conditions clearly so that you are aware of all interest charges and fees.
- Your personal information is protected using the latest in safety and security technology.
- Our web platform uses enhanced real-time firewall and encryption technology that processes and stores all confidential data.
- As a direct lender, our borrowers avoid unnecessary “middleman” costs or broker fees.
- Those with poor credit may still qualify for our installment loans.
- You simply repay your loan according to your payday schedule.
- The loans are paid back over a three-month period allowing you to comfortably keep up with other financial commitments.
Requirements for Obtaining a Response Funding Loan
Those who apply for a loan must be at least 18 years old and a current U.K. resident. Borrowers must be currently employed or have another source of regular income that can be verified. An active bank account is needed for conducting transactions electronically. The maximum initial loan amount that we provide is £125. We adhere to responsible lending standards by providing payday loans to borrowers who are suitable for entering into a loan agreement. Our loans are not appropriate for those with long-term financial needs or for the unemployed.
Quick No Guarantor Loans Online in the U.K.
Do you have an immediate need for funds as a result of a sudden expense? A no guarantor loan from Response Funding may provide you with the cash you need in as little as one day. You can apply for our short term loans 24 hours day and we offer online approval. These quick loans are a practical and affordable option. The interest rates you are responsible for are clearly disclosed and terms and conditions apply. We encourage you to begin the application process today.
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Getting an Loan is Easier Than You Think
Get the money you need now. Instalment loans are a great way to obtain the funds you need for necessities such as home repairs, utility bills or any essentials.
Qualifying is simple. Fill out an online application and get the money you need today!