Can I get a Personal Loan without a guarantor or collateral?

Personal Loans are unsecured. It means direct lenders don’t require either a guarantor or collateral. You don’t have to ask your friends or relatives to sign up for you. And you don’t have to sacrifice any of your property to pledge a security for loan repayment. Still you need to be careful and read the agreement carefully before signing as some companies may have different conditions.

Besides being unsecured, Personal Loans have a lot of other benefits:

• high amounts
• flexible repayment
• free simple application
• availability for borrowers with bad credit
• lower APR
• soft, or no credit check
• high chances of approval
• quick