TFS Loans
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Updated by Jon Edward at
TFS Loans are one of the most established lenders in the guarantor market, and also have the largest loans available up to £15,000, which is significantly more than most of the other lenders. Their rates are also reasonable and they have loans available to both homeowners and tenants.

If you have a poor credit rating, then the options to get larger loans are normally non-existent, but TFS have now made this a reality.

TFS also have a sister brand called SUCO; they offer exactly the same product, are owned by the same company and are administered by the same people. The only difference is the name.

If you have a poor credit rating, and are looking for a larger loan, then TFS are a very good option to consider

Loans from
£1,000 to £15,000
Repayment duration
12 to 60 months
APR
39.9% representative
See representative example
Lending performance rating
66.5 out of 100
Time to Apply
3m 00s - Average

Customer Reviews

4.6 out of 5 from 672 online reviews

Read Reviews

Loan Highlights

No fees of any kind

You don't need to have a good credit history

Guarantor loans available up to £15,000

Your guarantor does not need to own their home

A good credit history is not essential

More features

Minimum Criteria

Must be able to demonstrate a regular income

Must be a UK homeowner to be eligible for loans of £8,000+

Your guarantor must be aged between 18 and 78 years old

Your guarantor must be a UK homeowner

Your guarantor must have a regular income

Fees

Maximum APR 49.9%

Arrangement fee: £0

Early repayment fee: £0

Late payment fee: £0

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Reviews

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4.7 out of 5 from 20,198 customer reviews
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Cost

UK Credit39.9%
1+1 Loans47.8%
Guarantor My Loan48.9%
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Compilation of TFS Loans online reviews

4.6 out of 5 from 672 online reviews

TFS has over 650 reviews online on Feefo and Trustpilot although the vast majority are on Feefo.

  • 672reviews
  • Excellent - 234
  • Great - 60
  • Average - 13
  • Poor - 7
  • Bad - 7

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

    My verdict of TFS Loans

    By Jon Edward

    Lender performance rating 66.5 out of 100

    TFS Loans offer a similar high level of service to many of the other UK based guarantor loan lenders. However, one feature of their service that stands out from the rest is the fact that they offer loans of up to £15,000.

    Although you must be a homeowner to fulfil criteria for their higher amounts, this option is not something that is available elsewhere.

    They have streamlined their application process by utilising e-signature technology which ensures that both the loan applicants and guarantors can submit all of the essential information online.

    Whilst higher APRs have resulted in some negative feedback from customers, the opportunity to access higher amounts than the loans available from competitors ensures that TFS remains one of the most important lenders in the mark.

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    Loan Description

    TFS’s loans range from £1,000 to £15,000, and their repayment periods are from one to five years. See our summary of some of their loans pros and cons:

    Pro's

    • No set up or upfront fees
    • Loans up to £15,000
    • Accept CCJs, defaults or missed payments
    • Reasonable rates for the guarantor market

    Con's

    • Guarantor needs to be a UK homeowner
    • Early repayment charges can be liable for up to 58 days’ interest
    • You need a guarantor
    • If you stop making you monthly payment your guarantor will need to pay

    The basics

    • You need an income, but TFS will accept both employed and self-employed, and also include additional income from some benefits or pensions
    • Guarantor age to be between 18 and 78
    • You need to be over 18
    • Guarantor needs to have a regular income
    • Applicant and guarantor to be UK residents
    • Applicant and guarantor need valid UK bank accounts in their own name
    • You cannot be bankrupt or in an IVA

    If you do not need a loan from £7,500 to £15,000, then why not look at some of our other lenders

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    Representative Example

    The following is representative example for a TFS Loan

    Representative example: borrowing £4,000 over 36 months, repaying £178.88 per month. Total repayable £6,439.68. Rate of Interest 20.33% Fixed Flat Rate, Representative 39.9% APR.

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    Company Information

    Company Info

    • Co Reg No 06542065
    • Website
    • Telephone 01268 740 751
    • Address Broom House 39-43 London Road, Hadleigh, Benfleet, Essex, SS7 2QL

    FCA Registration

    • FCA Ref No 633979
    • Firm Name TFS Loans Limited
    • Principal Place of Business Brook House 26 Brook Road Rayleigh Essex SS6 7X

    Data Protection Info

    • ico Reg No Z2072584
    • Data Controller TFS LOANS LTD
    • Address Broom House 39-43 London Road, Hadleigh, Benfleet, Essex, SS7 2QL
    • Other Names TFS LOANS LTD
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