Guarantor My Loan £1,000 to £10,000

GuarantorMyLoan's online reviews from TrustPilot

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

Recent reviews for GuarantorMyLoan

4.5 / 5 from 236 online reviews

GuarantorMyLoan has received a good number of reviews on Trustpilot. In the last year their reviews are broken down as below:

  • Excellent: 87%
  • Great: 9%
  • Average: 1%
  • Poor: 1%
  • Bad: 2%

Founded in Norwich and trading since August 2014, Guarantor My Loan is a loan lender with a difference providing affordable guarantor loans to borrowers in the UK.

They have grown and developed into one of the more innovative and popular loan lenders in the market today. They’re proud of our pioneering peer-to-peer lending model, which benefits both lenders and borrowers who are looking for more affordable rates than they could maybe get elsewhere.

Homeowner & Good Credit £1,000 - £10,000
Term 12 - 60 months
APR 29.0% representative
See representative example
Homeowner Guarantor £1,000 - £10,000
Term 12 - 60 months
APR 48.9% representative
See representative example
Rating 61.4 / 100
Time to Apply 3 min 2 secs

Loan Highlights

Early repayment with no charges

Peer-to-peer lending options available

1 month’s cashback available upon repayment of the loan

More features

Minimum Criteria

Must be a UK resident

Must be aged 21 or over

Cannot have a history of bankruptcy or any active IVAs, CCJs etc

Guarantor must be aged 21 or over

Guarantor must be able to demonstrate a good credit history


Maximum APR 48.9%

Arrangement fee: £30.48

Early repayment fee: £0

Late payment fee: £11.50

Frequently asked questions


How long does it take to get a loan?

Same day 📆

  • GML aims to get the loan money into your guarantor’s bank account the same day that your application is accepted.

How long does the application process take?

Only 5 minutes for both you and your guarantor ⏱️

  • Once GML has received your completed application they aim to get in touch within 1 hour (during office hours).
  • As a responsible lender, they need to speak to both you and your guarantor over the phone
  • This is to ensure they have the correct details and ask a few further questions (as required by law).
  • This helps us to prevent fraud and protects our customers.

When they've approved your application, they aim to get the loan paid out the same day.


Are there upfront fees?

No 😀

  • GML does not charge upfront fees
  • We do not either, this website is completely free to use

Can I pay off the loan early without a penalty?

Yes 😃

  • You can pay the full outstanding balance off
  • Pay any interest and service fees due up to that point

Pros and Cons

Guarantor My Loan’s loans range from £1,000 to £10,000, and their repayment periods are from one to five years. See our summary of some of their loans pros and cons:

We always suggest comparing loans and researching other lenders before applying

My Verdict

By Jon Edward

Rating - 61.4 / 100

A reputable and well-established lender, Guarantor My Loan offers an excellent level of service and an affordable APR.

  • As their online reviews, their reputation is positive and they stand out from the crowd by offering peer to peer lender which allows a spouse to act as a guarantor.
  • There are reports of above-average times for the processing of applications which can be an issue should funds be needed quickly.

However, with no hidden fees or charges and the promise of one month’s instalment as a cashback option upon full and timely completion of repayments, Guarantor My Loan is a company well worth considering.

Company Info

Guarantor My Loan Representative Examples

Representative Example 48.9%: £4,000 over 36 months, representative 48.9% APR fixed. Monthly payment £193.56. The interest is 17% per annum fixed and the service fee is 23.48% per annum fixed. Interest payable £1,246.63 and service fee payable £1,721.53. Total repayable £6,968.16.

Representative Example 29.0%: £4,000 over 36 months, representative 29.0% APR Fixed. Monthly Payment £160.61. The interest is 17% per annum fixed and the service fee is 8.74% per annum fixed. Interest payable £1,176.98 and the service fee payable is £604.98. Total repayable £5,781.96.