Fast Online Guarantor Loans from £500 to £10,000
Poor credit rating but need a loan?
With the backing of a family member or friend
you can have access to the cheapest bad credit
Why shop around lots of websites filling in different application forms when we have done all the hard work for you? Compare our different loans.
Our lenders loans are trust-based lending. With the view that if your friend or family member is willing to back you, that even if you do have a bad credit history then they will trust you too.
There is no fee for using our service and the loan cost is the same as if you went directly to the lender. Even after applying to a lender there is no obligation to take out a loan until you have signed and returned your loan agreement.
Representative APR 39.9%Representative Example - borrow £3,000 over 3 years, monthly repayments are £134.10, interest and fees are £1,827.60, total to repay is £4,827.60.
Typically the cheapest loan available if you have a poor credit rating, see how they compare:
To get access to the lower rate loans you need a guarantor, a friend or family member to back your application.
With our lenders’ loans you need a guarantor, a friend or family member who trusts you and will back your loan application.
This is commonly called “trust based lending”; with the view that if your guarantor trusts you enough to support your application then the lenders will too.
This gives you access to much cheaper options with 39.9% - 54.9% representative APR loans* compared to 272% - 1,575% for doorstep, instalment and payday loans.
You also have access to much larger loans up to £15,000, which is significantly more than the maximum £3,000 you typically could have access to.
So if you are looking for a fast, flexible and affordable loan either
Compare loans on our compare table
Let us to the hard work and select the best loan for you based on the criteria you enter
* 39.9% - 54.9% Representative APR loans are from £500 to £15,000. £100 to £500 loans have a Representative APR of 302%.
Your guarantor is someone who backs your loan application to help you get a loan.
Most lenders have fairly tight criteria regarding who is suitable, but our range of lenders mean that more guarantors will now be suitable, including:
- non-homeowners and tenants
- your husband or wife
- those with a clean credit file
- Those even with a marginally imperfect credit file
For more information, see our page being a loan guarantor.
Online Guarantor and Personal Loans Deals
What can the loans be used for?
Our lenders fully understand there are many reasons why you may need access to additional funds. Whether that be for nice things such as home improvements or holidays, or to cover emergencies. Their main concern is that you can afford their monthly repayments. Below are some example of why a loan may be needed, though you are not limited to only getting a loan for these reasons.
If you have other loans with high interest rates, you may be able to reduce your monthly loan payments by consolidating these into a guarantor loan.
Whether you need to travel for business or personal reasons, a loan could provide you with the money you need.
Unexpected expenses can hit at any time, so getting a loan to cover that boiler repair, car repair, or even that month or so between jobs is not a problem.
Whether you are looking for a new car, or need to repair the one you have, our lenders loans can provide that solution for cash.
May it’s time to replace the kitchen, add a conservatory, or get a new carpet. If other loan options are not available, then our lenders may provide you with another option.
Learning can be expensive, so if you are struggling to find other options for the money you need, then one of our lenders loans may be an option for you.
Frequently asked questions
A guarantor loan is a type of unsecured personal loan that requires both the borrower and a guarantor to sign the loan agreement. A guarantor is someone who takes on the responsibility of the loan debt from the borrower if the borrower defaults on their repayments. Guarantors are typically a friend or relative of the borrower with a good credit rating and regular income.
Finding someone to be you loan backer and support your application is a key part of the process; the best place to start is with close family and friends, someone who knows and trusts you.
As this is such an important part of the process please see our loan guarantor page for further information.
Neither you or your backer need to own your own home, though the lowest rates are only available to those whose guarantors do.
For further information on the implications of either being a homeowner or tenant, please see our dedicated page on Non Homeowner Loans.
Please note that this DOES NOT mean that the loan will be secured against you guarantor’s home, all our lenders' loans are unsecured.
Our lenders offer some of the lowest interest rates available for bad credit loans from £500 to £15,000; though APR’s still do vary between 39.9% - 54.9%.
The best way for you to find the cheapest loan is to look at our compare loans table, this will give you the rates of different loans and lenders.
For further reading on getting the very best loan deal, see our page Low APR Loans.
The quickest way for you to find the best loan for your own personal circumstances is to use our Best for You Loan Selector. Simply fill in your criteria and using our clever technology we will find the best loan for you.
Or go to our compare loans table, and sort the different loans according to size, length, customer rating etc.
Unfortunately, a successful loan application cannot be guaranteed.
Every lender has its own criteria, and whether they decide to lend to you will wholly depend on the status of you, and your guarantor and the lenders specific criteria at the time you apply.
For more information, see our page Guaranteed loans?
Not really, payday loans are small loans typically up to £2,000 maximum, have very high interest rates up to 1,500% Representative APR, and are intended for short loan period of up to 4 weeks.
Whereas loans with a guarantor are typically from 6 months to 5 years with much lower Representative APR’s.
To see the differences between the loans see our article "A more affordable payday loan alternative".
If you are thinking about Bankruptcy, then you need to make sure you get some good information and advice.
Our Alternative to Bankruptcy page lists some high quality information and advice resources.
We also explain the limited circumstances where a guarantor loan could be an alternative to bankruptcy.
To get further details about the criteria you and your guarantor need to meet, and lots more, please see our guarantor loan page.
For further reading please see the following related articles:
- Wikipedia’s unsecured guarantor loan description
- This is Money’s article Can't get a loan because of bad credit score? The best and worst places to get 'alternative credit'
Who can get a loan?
Loan companies typically look at the borrower’s credit score, so if you have a bad credit history you may struggle when applying to the ‘high street’ lenders. Below are examples of the types of people our lenders help.
If you do not own your own home then the credit options available to you are reduced; especially if you have a low credit score. Our lenders lend to tenants.
If you do not have two or three years’ worth of accounts to prove your income, them many high street lenders are not interested. Our lenders lend to self-employed people.
If you have zero credit history, and possibly a couple of missed payments on an overdraft, then loan with a mainstream bank can be difficult. Our lenders lend to students.
If you have no employed income, and only benefits, then many banks will not lend. Our panel or lenders welcome people on benefits.
Have you have missed payments on a past loan, or maybe have CCJ? If yes, credit can be very expensive. The guarantor loan was set up as an affordable option for people with bad credit.
It may sound silly, but if you have very little history of borrowing money, then it is more difficult to borrow. Our lenders welcome people with little, or no credit history.
Use the loan calculator below to estimate monthly loan repayments.