Online Guarantor Loans from £500 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 sign the agreement, and if the borrower defaults, the guarantor has to make the monthly repayments.

• People with a poor credit score who are looking for affordable finance.
• People with 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
  • Questions - see Being A Guarantor
  • Prove that you can afford the monthly repayments
  • Explain why you need the money
• 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 estimated loan pay-out times

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

• 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.

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

• Home improvements or holidays, or 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 you qualify for 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.

• A successful application cannot be guaranteed.
• Every lender has their own criteria, and whether they decide to lend to you will depend on the status of you and your guarantor.
• For more information see our FAQ page.

• 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.

NO, see the differences:

• Payday: small loans typically up to £2,000 maximum, we do loans up to £10,000.
• 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 o the differences see our article "A more affordable payday alternative".

• 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