Buddy – Loans from £1000 to £7500

Buddy Loans launched in 2014 and offer medium term loans of between £1000 and £7500. Loan terms range from one to five years and must be backed by someone who will make repayments should the borrower default on their payments.

buddy_loansThey previously required your backer to be a UK homeowner but now, if they are not, offer loans of up to £3000 for a maximum of 36 months.

While each application is dealt with on an individual basis, the technology put in place by Buddy Loans allows them to offer a completely automated underwriting process and fast payouts to their customers.

Each application is carefully considered and even if you have a bad credit rating or CCJ, as long as your “buddy” fits the required criteria, you should be eligible for a loan. Under most circumstances your backer will never be contacted as long as you continue to make your payments. They could be a friend or family member (though not financially dependent on you or your spouse) but must be a UK homeowner and have a good credit rating. They must be at least 18 years of age and no more than 75 throughout the loan term.

At the moment Buddy Loans offer an interest rate of 49% and there are no upfront fees. They believe in responsible lending so they check to make sure your application is affordable in your circumstances. Funding is usually available within 24 hours as long as both the applicant and the backer can be reached by telephone once the application has been received. Your backer should be aware of the implications of the role and it is important that they read all the documentation carefully.

The customer services are available from Monday to Thursday from 9am to 7:30pm and until 4:30pm on Fridays. You can manage your account online 24 hours a day.



4 Easy Steps

1. Calculator

Calculate how much you can afford to borrow and for how long

2. Easy Online Form

One quick online form to our panel of multiple lenders

3. Multiple Offers

Receive a choice of no obligation offers from multiple lenders

4. Get Your Money

Send off your preferred offer and get your cash

Save time with one easy online form

Why spend time filling out lots of different forms to numerous lenders?

  • Amigo Loans Logo
  • Consollo Logo
  • UK Credit Logo
  • First Stop Guarantor Loans Logo
  • George Banco Logo
  • TFS Loans Logo
  • First Banco Logo
  • One Plus One Loans Logo
  • The Quick Cash Club Logo

With us you just fill out one easy form

    Borrowing + interest & fees of = Total to repay
    * Based on repaying after 30 days

    Borrowing over your repayments will be approx. per month and in total. For actual figures hit Get My Loan to get a choice of free, no obligation loan offers from the best bad credit loans lenders in the UK.

      union lock

      Safe & secure UK website established in 2015

      fca Authorised
      ico Registered
      fca Compliant