Online Guarantor Loans from £1,000 to £15,000

Unsecured credit that requires the borrower to find someone to guarantee their application 🧑‍🤝‍🧑

• Typically, a family member or friend (with a good credit rating and regular income).
• A type of loan that helps people with a bad credit rating access affordable finance.
• The borrower and guarantor both sign the credit agreement.

If the borrower defaults on their repayments, the guarantor has to make the monthly payments.

People with

1. A poor credit score who are looking for affordable finance 💸
2. No credit history who are looking to build their score.

Ask close family and friends, people who know and trust you 📞

• Give them the information they need
  
  • Prove that you can afford the monthly repayments
  • Explain why you need the money
  • Questions - see Being A Guarantor

For more information see: How do you find the perfect guarantor?

Application forms are quick and easy to fill out, and typically take 3-minutes ⏱️

• In many cases payout is within 24 hours, though it can be the same day (see loan pay-out times) *

* Dependant on you getting all the information required by the lender in good time.

A successful application cannot be guaranteed 🤞🏼

Though 9 out of 10 of our lender applicants get accepted.

• Every lender has its own criteria, and whether they decide to lend to you will depend on the status of you and your guarantor.
• If you and your guarantor meet the lender's criteria, then this will greatly increase your chances.
• For more information see here.

For just getting a quote via our website you will not be credit checked 👍

• The lenders just do a 'soft search' and this does not impact your file in any way.
• When you take the next step of making a full application to a lender you will be credit checked, but if you have a poor credit rating that is not a problem.
• Our lenders also consider
  • The credit history and income of your guarantor
  • Affordability for you.

Once you are making your repayments, they will be recorded on your credit file to build up your credit score.

Loans start from £500 and go up to £15,000.

• So if you're after a £1,000, £2,000, £3,000, £5,000, £10,000 or £15,000 loan, we've got you covered.

Our lenders understand there are many reasons why you may need access to additional funds

• Home improvements
• Holidays
• Debt consolidation
• For a car
• To cover emergencies

Their main concern is that you can afford their monthly repayments.

No, but the best rates are for guarantors who do own their own home 🏡

• Your guarantor can be a tenant, for the options available click here.
• You can be a tenant or living with parents, many of our lender’s customers are.

The finance is not secured against property, all are ‘unsecured’.

We are a free service - here is no charge for using GuarantorloansUK.net

• See How We Earn Revenue

For details of all fees and interest charges for the loans, click get quotes.

Our cheapest loans range from 29% to 59.9% Representative APR 📊

• The finance available to you depends on your own personal circumstances.
• See here a list of the lowest cost options.

To find out the options available to you fill out this 3-minute form to get quotes.

Contact your lenders straight away if you are having difficulties ☎️

• If you miss a payment, it is most likely that your lender will contact your guarantor directly to collect payment.

Most of our lenders do allow over-payments and paying off early 👍

• Though check precise details with your preferred lender before signing the agreement, to ensure this meets your needs.

Under the Consumer Credit Act

• You have the right to cancel your loan agreement
• Without having to give a reason within 14 days.

This can be done verbally or in writing to the contact details listed on your credit agreement.

• You will be required to repay any money that you have received from the lender, plus all interest and fees that have accumulated since receiving the funds.

NO 👎

Payday are small loans typically up to £2,000, we do loans up to £15,000.

• Have very high-interest rates up to 1,500% Representative APR, our interest rates are typically 39.9% to 59.9%.
• Are intended for short periods of up to 4 weeks, ours are typically from 6 months to 5 years.
• For more information see our articles "A more affordable payday alternative" and "Are there payday guarantor loans?"

See our FAQ section ❔

• Resources on other websites
  • Moneyadviceservice.org.uk - Help with loans
  • Stepchange.org - Guarantor loan debts. How to deal with them
  • Citizensadviceorg.uk - Types of Borrowing - Personal Loans