Guarantor Loans

Instant decision loans from
£100 to £5,000

  • ✔ Free and No Obligation Quote
  • ✔ No Impact on Your Credit Score *
  • ✔ Loans for all Credit Types
How much would you like to borrow?
Over how many months?
Will you be accepted?

Representative 49.9% APR. Representative Example: Borrowing £1,000 over 12 months, repaying £103.06 per month, total repayable £1,236.72. Interest rate 49.9% (variable).

What’s a Guarantor Loan

A guarantor loan is a type of personal loan where your loan application is supported by someone else – the guarantor. The guarantor agrees to take responsibility for repaying the loan if you can’t meet monthly loan repayments. 

If you’re struggling to get a loan on your own due to a poor or limited credit history, it’s probably because lenders are assessing you as a “higher risk.” Using a guarantor can reduce that risk and mean that lenders are a lot more likely to lend to you. If your guarantor has a good credit rating the lender is likely to approve the loan, even if you have a poor credit history.

A guarantor should have a good credit score, should know the borrower well and trust them, and should be capable of stepping in to repay the loan if the borrower is unable to do so for any reason.

So, guarantor loans are unsecured loans where two people both sign the loan agreement, both the borrower and the guarantor. The guarantor agrees to repay the loan in a situation where the borrower is unable to do so. Someone with a bad credit history, who has a suitable guarantor willing to progress a loan with them has a good chance of being able to take out a guarantor loan.

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