Buddy Loans
Guarantor Loans from £1,000 to £7,500

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 offering £1,000 to £7,500 loans at a 49.9% representative APR, their differentiating factors include

  • online customer accounts
  • no fees for fast pay-out or early redemption.

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

Loans from
£1000 to £7,500
12 to 60 months
Representative APR
49.9% representative
See representative example
Lending rating
58.6 out of 100
Time to Apply
2 minutes 35 seconds

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

Top 3 loans by score, reviews and cost

Compilation of Buddy's online reviews

4.7 out of 5 from 1,435 online reviews

Buddy has many reviews online, on Trustpilot, Reviewcentre and Readies; however the majority of these are on Trustpilot:

  • 1,369 reviews
  • Excellent - 86%
  • Great - 12%
  • Average - 1%
  • Poor - 1%
  • Bad - 1%

We have compiled below a selection of these reviews, both good and bad.

My verdict of Buddy Loans

By Jon Edward

Lender performance rating 58.6 out of 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 Amigo Loans they are not targeting customers with their 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’. For more information see our loan description below.

With over 1,000 online reviews, the majority very positive, Buddy is certainly a lender with many happy customers, and one to be trusted.

Loan Description

Buddy offer loans £1,000 to £7,500 over repayment periods of 12 to 60 months. Please see below a summary of their features and benefits:

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:

Representative Loan Example

The following is representative example of a Buddy Loan

Amount of credit £2,500 for 24 months. Interest (fixed at 41.16%): £1,250.17. Total amount payable of £3750.17. Representative 49.9% APR. 24 repayments of: £154.54.

Buddy TV Advert

Company Information