Guarantor Loans from £500 to £15,000

Get quotes in 3-minutes for the loans you’ve been accepted for

  • Borrow £500 - £15,000
  • Quotes in 3-mins
  • Bad credit OK
  • Great rates from 29%
  • Same day payouts
  • High acceptance rate
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Representative Example - If you borrow £2,600 over 36 months at a Representative Rate of 49.7% APR and an annual interest rate of 41% (fixed), you would pay 35 monthly instalments of £126.61 and a final payment of 126.54. The total charge for credit will be £1957.89 and the total amount payable £4557.89.

* Subject to affordability and your credit score
(a guarantor may be required)

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  • up to 27 lenders
  • instant quotes
  • all online
  • no obligation
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Our Most Affordable Loans for Bad Credit


A guarantor loan is a great alternative to traditional borrowing for people who have been refused credit in the past.

  • Borrow between £500 and £15,000 with a sensible and affordable rates
  • Choose your borrowing term from 6 months to 5 years
  • Fast and secure

By completing one simple form we can have multiple quotes back to you within moments.

  • Rates are the same as they would be if you approached the lender direct
  • We’ve saved you the time of duplicating applications
  • Its quick and easy way to find out how much you could borrow

If you have been turned down for a loan in the past because of your credit rating, this is a sensible alternative to expensive poor credit loan borrowing and is suitable for most people as long as they have a loan guarantor.


  1.   No credit checks for quotes
  2.   One form to multiple lenders
  3.   No broker or application fees
  4.   Secure online application

COVID-19 UPDATE

Due to the current situation, lending is more restricted than normal.

 

Frequently Asked Questions

A guarantor is a friend or family member who is prepared to guarantee your loan and will be expected to make repayments in the event that you are not able for any reason. They will usually need:

  • To be at least 18 years of age but under 75
  • To be a UK resident, either a homeowner or a tenant
  • Have a good credit rating
  • Not be financially dependent on the applicant

The guarantor will be expected to complete details on your application and will therefore need to understand the role that they are agreeing to take on.

This does vary from lender to lender, though typically:

  1. Over 18 years of age
  2. UK Resident (excluding Isle of Man)
  3. Not insolvent (IVA, Trust Deed or Bankrupt)
  4. Have a UK bank account and a debit or credit card
  5. Have a friend, colleague or family member with a clean credit rating who can guarantee your loan

Criteria for your Guarantor is as 1-4 above plus:

  1. Good (or marginally imperfect) credit rating
  2. Tenant or homeowner (homeowners will help you get loans over £5,000 plus better rates)
  3. Provable regular income

NO 👎

Unfortunately, we cannot guarantee even that if you meet the lenders criteria, that your loan application, or the loan amount applied for will be successful.

Though typically if you do meet the criteria, with our wide range of lenders, the chances are that you will be able to get a loan. This is why we believe our service is so valuable, saving you the time and effort making numerous applications.

Whether you have been approached about being a guarantor or you need a guarantor, you will almost certainly have some questions about the process 🤔

On first look it might seem complicated but it’s fairly straightforward.

The role of the guarantor is to make the loan repayments if the borrower is unable.

However, this is usually a ‘worst case scenario’ and steps would be taken in the first instance to try to ensure the payments can be fulfilled by the borrower.

Nevertheless, it is important that it is understood that the guarantor may be expected to clear all the borrower’s debt.

Guarantor Criteria – In most circumstances the criteria required is straightforward

  • Generally, between 18 and 75 years of age
  • UK resident
  • Good credit history
  • Regular income, and the repayments affordable (if the borrower defaults)
  • You cannot be financially dependent on the applicant so a spouse would not be acceptable.

If you have been asked it is reasonable to expect the borrower to give you a breakdown of their income to demonstrate they are able to afford the repayments without stretching themselves financially.

Being a guarantor is a serious undertaking and will have an impact on your relationship with the friend or family member involved. In most cases the borrower is more than aware of this and is much less likely to default on payments as a result; no one wants to ruin a good friendship.

If the worst happens and you are required to make some repayments or clear the loan itself this will not affect your credit rating so long as you do not default on the payment.  The lender will advise you as soon as possible if a payment has been missed.

We cannot make any guarantees as to whether your application will be successful or not.

We can assure you that our lenders specialise in offering loans to people who have a poor credit history who may not be suitable for traditional lending.

They’re able to do this because they use the credit history of your guarantor rather than your own.

So as long as your guarantor have a good rating and good affordability, there is a good chance your loan will be approved. Notable exceptions to this would be if:

  • You have been declared bankrupt
  • You are subject to an IVA or Deed Trust

Although on our application form we ask the loan purpose, there are no restrictions (except for illegal or immoral purposes) 👍

However, we would advise you to think carefully about whether the money is needed for important reasons.

Generally these might be:

  • A short term solution to unexpected circumstances, usually to last until next payday.
  • Car repairs or home maintenance.
  • Debt consolidation.

We would urge you to remember that you are asking a big favour of your friend or family member to back your loan so you will need to demonstrate to them how seriously you have taken this decision.

No one will guarantee to lend your money without knowing your personal circumstances, so you cannot get a guaranteed loan 👎.

  • Sometimes people confuse a guarantor and guaranteed loan.
  • This is because the guarantor, the personal backing the loan on behalf of the applicant, can be asked to ‘guarantee the borrowers loan’.
  • They are guaranteeing that if the borrower defaults, then they will make the payment on their behalf.

This is completely different to loan application success in some way being guaranteed, which it is not.

Guarantor loans are available to people who do not own their own home 👍

If you do not own a home this is not a problem, we’ve lenders who can help, even if you are:

  • A tenant
  • Living with family
  • Living with friends

All our loans are unsecured, so property is not used as security, instead your guarantor is.

Your guarantor does not need to own their home either, we also have lender who accept tenant guarantors.

Typically, however, some of the lower rates are for homeowner guarantors.

More Questions

On the surface it might seem that they are all broadly similar but there are actually quite a few differences you should be aware of when you compare guarantor loans. Our lender compare table will give you a quick overview of the headline figures but here are a few things to look out for:

  • The term of the loan; this will generally range from 12 to 60 months but at least one lender offers a minimum term of 24 months. If you are looking for a very short term loan this is an important consideration.
  • The APR; while this will usually be around 50% a 5 or 10% difference could either save you or cost you a considerable sum over the term of the loan.
  • The amount available; while most companies offer between £500 and £7500 it is possible to borrow up to £12,000 under certain circumstances. Think carefully about how much you need and don’t be tempted to borrow more than you can afford.
  • Early repayment fees. If you are experiencing a temporary downturn in your finances you might want to leave yourself the option of repaying the loan early and saving yourself some money. Many companies do not charge an early repayment penalty (usually as long as it’s over 12 months) but it is very important you double-check this or you might discover you are liable for additional fees.
  • The guarantor criteria; an adult UK resident with a good credit history is usually an acceptable guarantor but if you want to ask a friend or family member who is not a homeowner this is possible with some of the loan companies. You might need to do a little bit of research to discover the exact criteria but you can find more information on our lender information pages.

To find out more about how much you can borrow why not fill in our online form and our lenders will have their offers back to you within minutes.

While we cannot tell you what to say, we would suggest you think very carefully about who you ask and why you need a loan.

  • A friend or family member will be much more willing to help if you are borrowing money for the ‘right’ reasons.
  • If you can show them that the money is important, we are sure they will be more willing to help.
  •  It is also wise to be able to demonstrate that you are able to afford the repayments and that you will be able to pay off the loan in the agreed time.

If you are not certain you can do this, you are risking your friendship.

Yes 👍

Our guarantor loans can be used to consolidate other debt.

However, we only suggest that this is a sensible course of action if the new loan is more affordable to you than all the other debts you are consolidating.

In these situations that you should take independant advice to make sure that a new loan is the best thing for you; free advice can be found at the Governments Money Advice Service and your local Citizens Advice Bureau.

It may be easier, but would it be the right things to do 🙄

We would never suggest anyone take out a payday loan, unless there are no other options.

They are very expensive (can be up to 1,575% APR) and you can find yourself in a debt spiral caused by a relatively small loan that gets blown out of all proportion.

  • Our loans are sensible and affordable.
  • The rate is based on what you borrow and the length of time you would like the loan.
  • This is usually around 49% so you will not find yourself with unrealistic repayments.

We have worked hard to research the market to find a range of the best guarantor loan lenders we can who offer fair and affordable loans to those unsuitable for conventional lending.

  • All our lenders are fully FCA regulated, and from our experience, off good levels of customer service.
  • The best lender for you really depends on your own personal circumstances.

So, the best way to choose, is to fill out our 3-minute application process to find the loan options available to you.

It’s very important before you take out any form of loan of additional credit that you know that you will be able to make the repayments for the full term of the loan.

We suggest taking a look also at your current income and expenditure, and click here for an excellent Budget Sheet produced the Citizens Advice Bureau. If you are unsure as to whether the loan you would like is affordable, please speak to:

If you are unable to keep up with your repayments, your guarantor will be called upon to make the payments for you 👎

The best thing for you to do as soon as you think that you may have difficulties, is to speak to both the lender, and your guarantor honestly telling them of your situation, and how you are going to get back on track again.

In addition, we would suggest that you take independent advice to chat through your personal situation:

  • Do think carefully about the person you want to ask to be your loan guarantor.  This is a big responsibility for someone to take on and you are potentially putting a lot of pressure on a friendship.  This is why it is very important that you –
  • Don’t borrow more than you can afford.  The companies you apply to will look at your income to calculate how much they think you can afford to repay each month but if you have other expenses you know are coming up in the future such as a child going to university or a car that needs to be replaced you must take this into account.
  • Do try to overpay when you can, this will shorten the duration of the loan and most companies will not penalise you for early repayment.
  • Don’t borrow more than you need.  While the APR on loans with guarantor support compare favourably with short-term payday loans you will still find that borrowing an extra £500 will cost you considerably more in the long-term.
  • Do keep in mind that if you meet all your repayment deadlines your credit rating will improve over the course of your borrowing.  You will therefore find yourself in a much stronger position at the end than when you first applied.  This will enable you to apply for more conventional loans in future.
  • Don’t keep your loan guarantor in the dark; if you are having trouble meeting the repayments let them know and perhaps there is something you could work out together to get you through a difficult month.
  • Do think about using a loan to consolidate other more expensive short-term borrowing.  The APR will almost certainly make this financially more sensible.

Its free 😀

  • Applying for a loan is free and there is no obligation to accept any of the offers you receive.
  • Our lenders typically have no early repayment fees so if you find yourself able to clear either part of the loan or repay in full you can do so with no penalties.
  • We take our fees from the lenders so there are no cost implications applying for the loan through us rather than if you were to go to the companies direct.

All we do is save you making multiple applications!

Best Guarantor Loan Deals

Showing the top loans based on total price for £4,000 over 36 months

Guarantor My Loan Logo

Guarantor My Loan

  • £6,968.16 Total repayable
  • £193.56 Per month
  • 48.9% Representative APR
  • 3,114 reviews
Amigo Loans Logo

Amigo Loans

  • £7,025.76 Total repayable
  • £195.16 Per month
  • 49.9% Representative APR
  • 27,269 reviews
Buddy Logo

Buddy Loans

  • £7,033.44 Total repayable
  • £195.16 Per month
  • 49.9% Representative APR
  • 3,114 reviews
George Banco Logo

George Banco

  • £7,557.12 Total repayable
  • £209.72 Per month
  • 49.7% Representative APR
  • 3,114 reviews
Bamboo Logo

Bamboo Loans

  • £8,168.45 Total repayable
  • £226.90 Per month
  • 69.9% Representative APR
  • 18,471 reviews
Trust Two Logo

Trust Two Loans

  • £6,317.64 Total repayable
  • £175.49 Per month
  • 37.9% Representative APR
  • 243 reviews
UK Credit Logo

UK Credit Loans

  • £6,436.80 Total repayable
  • £175.80 Per month
  • 39.9% Representative APR
  • 1,556 reviews
1 Plus 1 Logo

1 Plus 1 Loans

  • £6,904.08 Total repayable
  • £191.78 Per month
  • 47.8% Representative APR
  • 23 reviews


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