Buddy Loans £1,000 to £10,000

Buddy's online reviews from TrustPilot, Redies & ReviewCentre

Update: due to Corona Virus Buddy is slowing its lending to new customers, click Get Quotes to find available loans

Recent reviews for Buddy

4.6 / 5 from 3,045 online reviews

Buddy Loans is a relatively new lender in the guarantor space, but in a relatively short space of time is creating waves due to a large number of very positive reviews by their customers online.

Buddy was set up by Nicholas Zapolski and Guy Mackenzie in 2013 and is the trading name for Advancis Limited.

Both have a rich background within the financial services industry and have created a company which in a short space of time is getting plenty of positive reviews by its customers online.

While you could be mistaken in thinking that Buddy is just the same as all the other lenders, their differentiating factors include online customer accounts and no fees for fast pay-out or early redemption.

We certainly, therefore, think that Buddy should be worth serious consideration.

Loans from £1,000 - £10,000
Term 12 - 60 months
APR 49.9% representative
See representative example
Rating 58.9 / 100
Time to Apply 2 min 35 secs

Loan Highlights

Good option for those with bad credit

Online portal for easy management

Approval decision within the hour

No paperwork to complete, 100% online

Your guarantor does not need to be a homeowner

More features

Minimum Criteria

Your guarantor must be aged between 18-75

Your guarantor must have a good credit score

Your guarantor must have a minimum income of £1,000pm

Your guarantor must have a UK bank account


Maximum APR 49.9%

Arrangement fee: £0

Early repayment fee: £0

Late payment fee: £12

Frequently asked questions


How long does it take to get a loan from Buddy?

Their aim is to have the loan approved in 24 hours 👍

  • This depends on the documentation that's needed, and how quickly it's supplied.
  • Once the loan has been approved, the money is transferred to the Guarantors bank account within hours.

How does the application process work?

  • Select the amount you wish to borrow and over how long.
  • Provide personal information so they can start the assessment process.
  • Nominate your Guarantor.
  • Our team will give you and your Guarantor a call to talk through your loan application.
  • They'll chat through income, expenses, and affordability for you and your Guarantor
  • Loan approved?
  • Then their payout team will give you a call to talk you through the final details, do final security checks and get the funds paid out.

Can the loan be paid off early?

Yes 🙂

  • You can make overpayments every month.
  • You can also pay off in full, all without a penalty 👍

Are there any upfront fees?

No 😃

  • Buddy charge zero upfront fees.
  • This website is free to use and charges no fees.
  • If you goto Buddy from this website, the costs are the same as if you went direct 👍

Pros and Cons

Buddy offer loans from £1,000 up to £10,000, the following summarises the main features.

We feel that Buddy Loans are one of the best guarantor loans lenders, though we would always suggest looking at your other options before applying for a loan.

My Verdict

By Jon Edward

Rating - 58.6 / 100

  • Buddy loans are a relatively new guarantor lender and are based in Cheshire.
  • With a representative APR of 49.9% which is the same as many other lenders, they are not targeting customers with price.
  • Buddy offer many of the features that are now standard in the guarantor loans industry, such as ‘no fees for fast pay-out or early redemption’.
  • With over 2,000 online reviews, the majority very positive, Buddy is certainly a lender with many happy customers, and one to be trusted.

Company Info

Buddy Representative Example

Borrowing £3,250 for 36 months. Interest (fixed at 41.16%): £2,464.57. Total amount payable of £5,714.67. Representative 49.9% APR. 36 repayments of: £158.57.