Guarantor Loans

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45.4% APR Representative
Time to apply
OK 02m 48s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £3,000 over 36 months at a Representative rate of 45.4% APR and an annual interest rate of 23.00% (fixed), you would pay 36 monthly instalments of £140.84. The total charge for credit will be £2,070.24 and the total amount payable will be £5,070.24.
We don't have any reviews for 1 Plus 1.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £500 - £5,000
  • Loan term: 12 - 60 months

Top choice for

  • You don't need to have a good credit history
  • Existing customers can borrow up to £5,000
  • Quick application, money usually transferred within 24 hours
  • Competitive APR
  • Your guarantor can be a homeowner or a tenant

Watch out for

  • You must have a guarantor
  • Your guarantor must be older than 18 years old and no older than 75 years when the loan completes
  • Your guarantor will need to make the repayments if you cant afford to
  • Your guarantor must have have a good credit history

Fees & charges

  • Maximum APR 45.4%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £15
49.9% APR Representative
Time to apply
Fast 01m 33s
Application Time
OPTIOSCORE
Great
Representative Example: If you borrow £4,000 over 36 months at a Representative rate of 49.9% APR and an annual interest rate of 49.90% (variable), you would pay 36 monthly instalments of £195.16. The total charge for credit will be £3,025.76 and the total amount payable will be £7,025.76.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £500 - £7,500
  • Loan term: 12 - 60 months

Top choice for

  • No fees of any kind
  • You don't need to have a good credit history
  • You don't need to have direct debit facilities
  • Your guarantor does not need to own their home
  • You don't have to have been a resident of the UK for a specified length of time

Watch out for

  • You will need a guarantor
  • If you have a poor credit history, it's likely your guarantor will need to be a homeowner
  • Your guarantor will need to make your repayments if you can't afford to

Fees & charges

  • Maximum APR 49.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
49.7% APR Representative
Time to apply
OK 03m 15s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £2,600.00 over 36 months at a Representative rate of 49.7% APR and an annual interest rate of 41.00% (fixed), you would pay 35 monthly instalments of £126.61 and a final payment of £126.54. The total charge for credit will be £1,957.89 and the total amount payable will be £4,557.89.
We don't have any reviews for Bamboo Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £8,000
  • Loan term: 12 - 60 months

Top choice for

  • You don’t need perfect credit history
  • Easy payment management with online portal
  • Your guarantor can be your partner
  • Your guarantor does not need to be a homeowner

Watch out for

  • You and your guarantor must be over 21
  • Your guarantor will also need a good credit rating
  • Your guarantor must not be a customer of Bamboo
  • Your guarantor will need a UK bank account
  • Your sole income cannot be from Job Seekers Allowance

Fees & charges

  • Maximum APR 49.7%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £12
49.7% APR Representative
Time to apply
OK 02m 10s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £3,500 over 36 months at a Representative rate of 49.7% APR and an annual interest rate of 31.90% (fixed), you would pay 36 monthly instalments of £170.56. The total charge for credit will be £2,640.16 and the total amount payable will be £6,140.16.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £7,500
  • Loan term: 12 - 60 months

Top choice for

  • Fast track same day payout
  • Customer and regulation focussed
  • Positive reviews online
  • Available to customers with bad credit

Watch out for

  • Your guarantor will need to be over 25 years old
  • Your guarantor must have good credit history
  • Both must not be under an IVA or bankruptcy
  • Your guarantor must have a minimum income of £1,000pm
  • Both must have a valid UK bank account and debit card

Fees & charges

  • Maximum APR 49.7%
  • Arrangement fee: £100
  • Early repayment fee: £0
  • Late payment penalties: £12
49.9% APR Representative
Time to apply
OK 02m 35s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £3,250.00 over 36 months at a Representative rate of 49.9% APR and an annual interest rate of 41.16% (fixed), you would pay 36 monthly instalments of £158.57. The total charge for credit will be £2,464 and the total amount payable will be £5,714.67.
We don't have any reviews for Buddy Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £7,500
  • Loan term: 12 - 60 months

Top choice for

  • Good option for those with bad credit
  • Online portal for easy management
  • Approval decision within the hour
  • No paperwork to complete, 100% online
  • Your guarantor does not need to be a homeowner

Watch out for

  • Your guarantor must be aged between 18-75
  • Your guarantor must have a good credit score
  • Your guarantor must have a minimum income of £1,000pm
  • Your guarantor must have a UK bank account

Fees & charges

  • Maximum APR 49.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £12
38.9% APR Representative
Time to apply
OK 01m 45s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £4,500 over 36 months at a Representative rate of 38.9% APR and an annual interest rate of 33.30% (fixed), you would pay 36 monthly instalments of £199.26. The total charge for credit will be £2,673.36 and the total amount payable will be £7,173.36.
We don't have any reviews for UK Credit Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £10,000
  • Loan term: 12 - 60 months

Top choice for

  • They accept tenants as guarantors
  • Your guarantor can be anyone, including your spouse
  • Online quote doesn’t leave a credit footprint
  • Online management tool
  • Funds available fairly quickly after approval

Watch out for

  • No bankruptcy, debt management plan or IVA
  • Your guarantor must have good credit history
  • Your guarantor must be aged between 21 and 70
  • Your guarantor must be either employed, self-employed or retired
  • For loans over £6,000 your guarantor must be a homeowner

Fees & charges

  • Maximum APR 59.9%
  • Arrangement fee: £0
  • Early repayment fee: £40
  • Late payment penalties: £0
11.2% APR Representative
Time to apply
Slow 05m 00s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £4,500 over 125 months at a Representative rate of 11.22% APR and an annual interest rate of 11.10% (variable); after graduation 9.10% pa.(variable), you would pay 5 payments of £30/month, until 3 months after graduation; 119 payments of £61.90/month; 1 payment of £61.50. The total charge for credit will be £2,077.60 and (inc. set up fee of £292.50) the total amount payable will be £7,577.60.
We don't have any reviews for Future Finance.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £2,500 - £40,000
  • Loan term: 1 - 150 months

Top choice for

  • Can be used for tuition, living costs or studying abroad
  • Tuition funds go straight to the university
  • Can be used alongside government student loan
  • Great customer service

Watch out for

  • You must be aged 18 or above
  • You will need to be enrolled in an accredited UK university
  • UK or EU citizen in the UK
  • Have an average credit history and agree to credit check
  • Non-EU citizens will need a guarantor

Fees & charges

  • Maximum APR 11.22%
  • Arrangement fee: £6.5
  • Early repayment fee: £0
  • Late payment penalties: £12
Representative Example: If you borrow £5,000 over 24 months at a Representative rate of 29.0% APR and an annual interest rate of 10.00% (fixed), you would pay 24 monthly instalments of £268.72. The total charge for credit will be £1,449.28 and the total amount payable will be £6,449.28.
We don't have any reviews for Guarantor My Loan (Homeowner).
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £10,000
  • Loan term: 12 - 60 months

Top choice for

  • No set up fees
  • Your guarantor will receive a month's payment back as a reward for you repaying your first 12 month's payments on time and in full

Watch out for

  • You must be a homeowner
  • Your guarantor must be a homeowner
  • Your guarantor cannot be your spouse or partner

Fees & charges

  • Maximum APR 29.01%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
48.9% APR Representative
Time to apply
OK 03m 02s
Application Time
OPTIOSCORE
Okay
Representative Example: If you borrow £3,000.00 over 36 months at a Representative rate of 48.9% APR and an annual interest rate of 10% (fixed) and annual service fee of 30.48% (fixed) , you would pay 36 monthly instalments of £145.17. The total charge for credit will be £2,226.12 and the total amount payable will be £5,226.12.
We don't have any reviews for Guarantor My Loan.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £10,000
  • Loan term: 12 - 60 months

Top choice for

  • Peer-to-peer guarantor lending
  • Repay the loan early with no charges
  • One month’s cashback at the end of the loan

Watch out for

  • Your guarantor must be over 21
  • Your guarantor will need to have good credit history
  • You must be a UK resident
  • You need to be over the age of 18
  • You can't have any active CCJs, IVAs or a history of bankruptcy

Fees & charges

  • Maximum APR 48.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £11.5
47.9% APR Representative
Time to apply
OK 03m 20s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £2,500 over 36 months at a Representative rate of 47.9% APR and an annual interest rate of 47.90% (fixed), you would pay 36 monthly instalments of £120.04. The total charge for credit will be £821.44 and the total amount payable will be £3,321.44.
We don't have any reviews for LendFair.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £500 - £5,000
  • Loan term: 6 - 60 months

Top choice for

  • Your guarantor does not need to be a homeowner
  • You can make overpayments with no fees or charges
  • Monthly repayments are fixed to help with budgeting

Watch out for

  • You will need to have a UK current account
  • Your guarantor will need to be a UK citizen
  • Your guarantor must be over 18 years old
  • Your guarantor needs to be a homeowner or tenant

Fees & charges

  • Maximum APR 79%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
48.9% APR Representative
Time to apply
OK 03m 00s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £4,500.00 over 48 months at a Representative rate of 48.9% APR and an annual interest rate of 25.84% (fixed), you would pay 48 monthly instalments of £190.65. The total charge for credit will be £4,651.20 and the total amount payable will be £9,151.20.
We don't have any reviews for TFS Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £15,000
  • Loan term: 24 - 60 months

Top choice for

  • Guarantor loans available up to £15,000
  • You don’t need to have perfect credit to apply
  • Funds available quickly after approval
  • No arrangement fees

Watch out for

  • You will need to be a homeowner to apply for larger loan amounts
  • You will need to have a regular monthly income
  • Your guarantor needs to be between 18 and 78 years old
  • Your guarantor needs to be a UK homeowner
  • Your guarantor must have a regular income

Fees & charges

  • Maximum APR 48.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
43.8% APR Representative
Time to apply
Fast 01m 31s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £4,000 over 36 months at a Representative rate of 43.8% APR and an annual interest rate of 36.90% (fixed), you would pay 36 monthly instalments of £185.27. The total charge for credit will be £2,669.72 and the total amount payable will be £6,669.72.
We don't have any reviews for TrustTwo.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £7,500
  • Loan term: 12 - 60 months

Top choice for

  • You don’t need to have good credit history
  • Your guarantor can be a tenant or homeowner
  • You can choose weekly or monthly repayments
  • They don’t charge any upfront fees

Watch out for

  • You will need to be aged over 18 years
  • You must be a UK resident
  • No bankruptcy, IVAs or debt management plans
  • Your guarantor must be aged between 25 and 74
  • Your guarantor can be someone close to you but not a spouse

Fees & charges

  • Maximum APR 43.8%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0

During early 2005 the loan market saw a return of an age old loan product - the guarantor loan. If your credit history isn’t squeaky clean then guarantor loans can be a great way to get a competitive APR. So, what is a guarantor? A guarantor is simply a friend, family member or anyone else who trusts that you’re going to pay back the loan and will sign an agreement to say that if you can’t make your repayments, then they will.

It’s still a fairly niche market and there are only a handful of guarantor lenders out there, which means that getting impartial information about them can be tricky. If you’re looking for a guarantor loan through Google or another search engine, be warned, there are lots of brokers advertising on the term ‘no guarantor loans’ which gets picked up when you’re searching for a guarantor loan. Not very helpful! So we’ve cut out the noise to bring you our guarantor loans comparison page, letting you compare all the guarantor lenders currently active in the UK.

What not to do 

Do not apply if you have any doubt about meeting the repayments. Be aware that if you do take out a guarantor loan and something goes wrong, it will be those closest to you that will have to pick up the pieces. Same applies if you’re thinking of becoming a guarantor, have a long careful think before committing as there are probably cheaper ways to help such as lending the money yourself or applying for a joint loan. 

If you’re reading this and have a good credit score, a guarantor loan is not the right product for you. Check out our comparison tables for bank and supermarket loans as you’ll be able to make the most of APR’s below 10%. 

Pricing and things to watch out for

Guarantor lenders offer between £50 and £7,500 with APRs ranging from 39.9% to 199% which might seem high on first glance, but considering that guarantor lenders won’t discriminate against you based on your credit history, they’re actually some of the lowest rates that you’ll find if you have CCJs, Defaults or a history of late or missed payments. Competing loans available to those with bad credit profiles can have rates upwards of 250% APR.

Acceptance criteria

Aside from needing to provide a suitable guarantor, there are several criteria that you’ll need to meet. You’ll need to be over 18, not currently on an Individual Voluntary Arrangement and you can’t be bankrupt. Most lenders within this category will lend to you if you’re a discharged bankrupt. Guarantor lenders don’t base their decision to lend to you on your credit history, but like every lender, they will look at your ability to repay the loan and whether you’ll be able to afford it based on an assessment of your monthly income and expenditure.

What each lender looks for in a guarantor will vary but as a general rule of thumb they ask that your guarantor has a good credit history, are at least 18 years old (23 years old for some lenders) and are financially stable with enough disposable income to cover your repayments if needs be. 

Final word

Guarantor loans are a solution suited to people with a very specific set of circumstances.  If you have a bad credit history but are now on a stable financial footing then guarantor loans are worth considering. However if you think you're not going to be able to make your repayments, don't put a friend or family member in the position where they will have to pick up the bill for you. If you have even the smallest doubt then do not apply. 

You can personalise these results with our loan search.