The UK's Top Guarantor Lenders (2018)
Up to date information about the top eight lenders and their loans

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We have compiled a list of the very best lenders for you, so to make the job of finding a suitable loan easier.

Whilst the guarantor market is not as big as some there are still many lenders to choose from. The purpose of this page is to give a brief description of each lender, so making the choice of choosing a lender easier. When describing each one we included the following information:

  • Time to apply: how long it takes to fill out and submit their online application (assuming you have all information to hand
  • Optio Score: out mark out of 100 for how good we feel this lender is overall

There are many lenders currently in the UK, here are 10 we feel are the best (alphabetical order)

  1. Amigo Loans Apply to Amigo

    Amigo are currently the largest and most well-known guarantor lender in the UK. Their loans start smaller than most others; from £500 rather than £1,000, but their representative APR of 49.9% is similar to many others on the market, and like many others their loans go up to £7,500.

    Amigo have the most number of online reviews that you will find for any guarantor company, most of them being very positive commenting on good customer service and speed of pay out.

    Their online application process we found to be one of the fastest, as was their Optio score:

    • Time to apply 1.33s
    • Optio Score 71.8

    In summary, Amigo are a good quality lender and a well-established brand. For more information see our Amigo Loans page.

  2. Bamboo Loans Apply to Bamboo

    Bamboo is a fairly new member of the guarantor market, formed in 2014. Despite their young age in our tests we found them to be very responsive and professional to deal with.

    Unfortunately, we could not find any online reviews, which is a shame, as in our tests they performed well..

    Their online application form was a little long so took a touch longer to complete than others, but their Optio score was excellent:

    • Time to apply 3.15s
    • Optio Score 71.8

    For more information, see our Bamboo Loans page.

  3. Buddy Loans Apply to Buddy

    Buddy is one of the newer lenders within the guarantor space, but they have quickly established themselves as a good quality lender, and have earned already a great many positive online reviews.

    Their ‘product’ range is fairly standard, offering £1000 to £7500 loans and a representative APR of 49.9%.

    They would definitely be a company that we would consider alongside Amigo despite probably not being as well known yet.

    Their online application process we found to be average, as was their Optio score:

    • Time to apply 2.35s
    • Optio Score 58.6

    For more information, see our Buddy Loans page.

  4. George Banco (also MASSA) Apply to George Banco

    George Banco’s product line is similar again to Buddy and Amigo, although their representative APR is slightly lower at 49.7%.

    They also have to be in our top 10 as they also have some great online reviews, with many people commenting on how friendly and helpful their staff were, and that they did what they said.

    We found their only application process to be extremely quick, and their Optio score was also high:

    • Time to apply 1.25s
    • Optio Score 67.8

    George Banco are an excellent lender, for more information see our George Banco page.

  5. Guarantor My Loan

    Guarantor My Loan are a little different, though much of this is behind the scenes.

    Most lenders get their funds which they lend out from other banks, so they are often restricted by the terms of the banks from whom they get their money.

    Guarantor my loan on the other hand are what is called a Peer to Peer lender. This means that individuals invest with them (other members of public), and then this money is used as the fund from which they lend. The advantage is that they are not limited by a lending banks terms, but the down side is that some of their criteria is a little tighter than some of the other lenders.

    They offer a larger range of loans than others, from 29% APR (guarantor & borrower homeowner) to 99% APR (guarantor a tenant), and at this upper end they are more expensive than other tenant guarantor loans that you can get.

    We found their online application process to be a little slow, and their Optio score was also a little lower:

    • Time to apply 3.02s
    • Optio Score 61.4

    Guarantor My Loan excel in being able to offer the lowest rates currently for homeowner borrower and guarantors; so if you fall into this category they are a good company that could save you money compared to others.

    For more details, see our Guarantor My Loan page.

  6. Trust Two are a new product from the well-established personal loans lender Everyday Loans, who currently have 35 high street branches throughout the UK.

    So, while they may be new to the guarantor market, they are a very experienced lender.

    Their product offering is similar to the others with £1,000 to £7500 loans, but the rates are good, and lower than average at 39.9% representative APR.

    Their online application process was very quick, and we also found them to be professional and helpful so their Optio score was good too:

    • Time to apply 1.31.s
    • Optio Score 64.7

    Plus, with over 200 very positive reviews on Feefo.com, they certainly seem to be doing something right, and should be one of the lenders very worthy of your consideration.

    For more information, see our Trust Two page.

  7. UK Credit are one of the best value lenders in the guarantor space, with their representative APR of 39.9%. Their rates do vary depending on whether you are a tenant or homeowner.

    Their loans range from £1,000 to £7,000 which is similar to many of the other companies.

    They have a good number of positive reviews online with Trust Pilot and The Review Centre, with lots of comments about good staff and fast pay-out times.

    We found their online application process to be good, and their Optio score was average:

    • Time to apply 1.45s
    • Optio Score 65.9

    If you are looking for one of the cheaper loans on the market, but also value good customer feedback, then UK Credit should be considered.

    For further information, see our UK Credit page.

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    We found their online application process to be good, and their Optio score was average:

    • Time to apply 1.25s
    • Optio Score 63.5

    For further information, see our 1 Plus One page.

Frequently Asked Question about being a guarantor

Before you decide to be a loan guarantor, there are ten things that you need to know.

1What who does the best guarantor loan?

The answer to this depends on your own personal criteria. For example, if you looking for the most well-known lender, this would be Amigo. Or if you were looking for the lender with the lowest cost (representative APR) then this currently is UK Credit. Or if you were looking for a lender with a payout the same day, then this page lists lenders which may help. We recommend you read this page, plus take a look at our compare table, to help you decide which one is best for you.

2Which banks do guarantor loans?

Currently none of the high street banks do this type of loan, only th specialist lenders, 8 of whom we have listed here.

3I have not heard of these lenders; can I trust them?

All lenders in our panel are fully authorised and regulated by the FCA, have been in business a number of years and have numerous customer reviews.

4Do these lenders only do guarantor loans?

No. Bamboo loans also do an unsecured loan, which does not need a guarantor. To quality you typically need a better credit file. To see if you quality apply to Bamboo loans, this will not effect your credit score.

5How did you pick these top eight lenders?

We simplify the measurement of lenders with our optio score – which takes into account customer service, time to apply, customer reviews and more. We simply listed the top eight lenders according to Optio score.

6Do you have other guarantor lenders?

We do, our other lenders are:

Two loan companies who are currently not lending include

How much you need (£)?

For how long (months)?

Approximate figures

  • Monthly repayments from £420.96 to £440.97
  • Total repayable from £7397.28 to £7921.15
  • Representative APR's from 39% to 49.9%

Click to see all our lenders Representative APR's

This tool is for GUIDANCE ONLY. It is designed to help you estimate loan repayments. It uses the representative APR of each product. Lenders have a duty to conduct affordability checks when you apply for a loan, see Responsible Lending.