Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

If you have a bad credit history, then you may be considering a guarantor loan. But did you know you could apply for a no guarantor loan from Satsuma? Even if you have had credit problems in the past you may still be eligible for a Satsuma short term loan, subject to affordability. 

Guarantor or no guarantor - what's the difference?

When you apply for a loan without a guarantor, you are solely responsible for repaying the loan. But guarantor loans work a little differently.

In this case you’ll ask someone you know to guarantee the loan for you. This means they agree to make any payments if you are unable to do so. Provided you can afford the repayments, then If your guarantor has a good credit rating the lender is more likely to approve the loan.



Try our loan calculator


See if you’ll be approved before you apply

With Satsuma, you can see if you’ll be approved for a loan before you apply without affecting your credit rating*. Confirm your name, address and answer a few questions and you can find out if you’re eligible for a loan. It takes just a couple of minutes, you’ll answer a few questions and receive an answer in 60 seconds.

Once you’ve got the information, you can then decide whether you want to complete the full online application for a Satsuma loan. If you opt to complete a full application, we do then complete a full credit check

How it works

We check your info

It's not a full application so we only need a few details

Protect your credit score

No matter the result, it won't affect your credit score unless you choose to apply

Give you your result

You'll find out in 60 seconds. We'll need to check your details if you choose to apply*

How do guarantor loans work?

Though the process may differ between lenders the usual procedure is that you, the borrower, firstly complete an online application form. The next stage is for your guarantor to complete their own application. You must both provide details of income and outgoings.

 As long as you can find a guarantor with a very good credit rating.

Those with a bad credit history often believe guarantor loans are their only option when looking for finance. However, other alternatives are available.

Loans for bad credit with no guarantor

If you have a bad credit history, you can still apply for a short term loan from Satsuma. Our loans do not require a guarantor. However, our loans are of a higher interest rate compared to traditional high street lenders.

We believe the most important thing is your ability to repay the money we lend to you. We consider applications from people from all backgrounds and personal circumstances. But we will never ask you to provide a guarantor.

Applying for a no guarantor loan from Satsuma

Your ability to repay a loan is one of the most important things we consider so you don’t have to have a perfect credit score.  You can learn more about how we decide whether to approve a loan or not by clicking here or, to find out how much a loan would cost, you can visit our loan calculator.

You already know Satsuma will never ask you for a guarantor for your loan. But something else which sets us apart from many other lenders is we don't charge you any fees. What you borrow is what you pay, we won't ask you to pay any extra fees. There are no hidden charges and no surprises lurking in the small print.

A loan from Satsuma

As a new customer, you could borrow from £100 to £1,000 subject to affordability and repay your loan in monthly or weekly instalments on a day of the month or week to suit you. We make sure you only borrow what you can afford to repay, and you can manage and maintain your loan online.

Why Satsuma?

Satsuma is part of Provident Personal Credit Limited which has been trading for over 100 years. Remember with Satsuma:

  • No guarantor needed.
  • As a new customer you could borrow from £100 to £1,000, subject to affordability.
  • Repay your loan over three to twelve months.
  • Choose either weekly or monthly repayments.
  • Manage your account online or via the Satsuma app.


* Unless you choose to apply, approval for a Satsuma Loan is subject to successful completion of affordability and identity checks. Satsuma Loans are only available to UK residents who are at least 18 years of age and have a valid UK bank account and debit card.

Representative example: £480 loan repayable over 9 months. 9 monthly repayments of £106.56. Rate of interest 133.1% p.a. fixed. Representative 535% APR. Total amount payable is £959.04