Lowest Rate Guarantor Loans

Get the very best rate loan quotes now 👍

Lowest rate loans in the table below

  • Representative examples below based on borrowing £5,000 over 36 months (for illustration only)
  • Questions? See our FAQ's
LenderRep APRPer MonthTotal Repayable
UK Credit Company Logo UK Credit
(Homeowner Guarantor)
29.9%£202.65£7,295.40 Apply
Trust Two Loans Company Logo TrustTwo 37.9%£219.36£7,896.96 Apply
TFS Loans Company Logo TFS
(Homeowner Guarantor)
44.9%£233.85£8,418.60 Apply
1 Plus 1 Company Logo 1 + 1 Loans 47.8%£239.73£8,630.28 Apply
Guarantor My Loan Company Logo Guarantor My Loan 48.9%£245.25£8,828.88 Apply
Georg Banco Loans Company Logo George Banco 49.7%£249.26£8,973.32 Apply
Amigo Loans Company Logo Amigo Loans 49.9%£250.26£9,009.43 Apply
TFS Loans Company Logo TFS
(Tenant Guarantor)
49.9%£250.26£9,009.43 Apply
Bamboo Loans Logo Bamboo
(Personal Loan)
69.9%£283.60£10,210.68 Apply

Not seeing all the table? Turn your phone sideways.

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Frequently Asked Questions

1

How to find the cheapest loan?

Fill out our 2-minute form to get no obligation loan quotes 👍

  • Poor credit - our lender's loans are for people with a 'poor credit score'
  • For quotes - when getting quotes, there are:
    • Zero fees
    • Zero affect your credit file
    • Zero obligation
  • Quick form - the online application takes just 2-minutes
  • Automatically sent to over 35-lenders - our fully automated online system will then get quotes from all the guarantor and no guarantor lenders who have pre-accepted your application.
  • Quotes in seconds - within 30-seconds these are presented to you, you just have to choose your preferred quote.
2

How do I get actual costs?

By completing our 2-minute form you’ll get instant quotes from lenders who’ve accepted your application (in principal).

  • Compare - this will allow you to compare the different loans and their costs.
  • Costs - for a detailed breakdown of all costs, your chosen lender will provide this (the amount you’ll pay will depend on your personal circumstances).

For a rough estimation of loan, costs see our loan calculator.

3

How do guarantor loans work?

They are typically the most affordable loan for those with a poor credit history 😀

  • Representative APRs are typically 29.9% - 54.9% - so usually much cheaper than payday, instalment, and doorstep loans.
  • They’re cheaper as you need to find a friend or family member with a clean credit history - to back your loan application.

If you cannot get a loan backer, we also do 'no guarantor loans'.

4

Why is it hard to find an affordable loan with bad credit?

Turned down by a high street bank 🤔

Many people start their loan search with the frustration of being turned down by high street lenders (who do not lend to people with a poor credit score!)

  • Alternative specialist lenders - a new breed of lenders now service the poor credit market, companies that many people have not heard of.
  • We can help - we set up this website to make this search much easier for you.
  • Quickly find affordable loans - fill out this 2-minute form, we will contact over 35-lenders, and get back to you with quotes in seconds!
5

Are loans cheaper if I have a good credit history?

YES 🤔

  • If you have checked your credit file and have a good credit history - you could go to a well-known compare loan website to see if you meet their lender's criteria.
  • We are not your best option if you have a clean credit history.

We suggest that you don’t send off loan applications unless you’re sure you meet the criteria, as failed loan applications can affect your credit file.

More FAQs

1

What other bad credit loans are there?

The other main types are payday, instalment, and doorstep

  • Payday - very short-term loans typically between £100 - £1,000 for up to four weeks (to your next payday) with rates up to about 1,314% APR.
  • Instalment - small loans typically between £100 and £2,000 taken over 2 to 24 months, with rates typically from 529% to 1,314% APR.
  • Doorstep - small loans where the lender’s agent collects weekly payments from your house from between £100 and £1,500 over 3 to 12 months, with rates typically from 535% to 716% APR.
2

Why are these other loans more expensive?

No guarantor loans are typically more expensive because:

  • No guarantor - they do not have someone with a clean credit history guaranteeing the loan repayments.
  • Higher Defaults - typically more people default when they do not have a guarantor, so the lender must recoup this with higher interest charges to all borrowers.
3

Can I get more info on 'loans with a guarantor'?

4

What are the implications of being a guarantor?

Main implications:

  • Legal liability – will assume joint legal liability of the debt along with the borrower, and all that being legally liable for a debt entails.
  • Make re-payments – if the borrower defaults, the guarantor will be required to make the monthly repayments on their behalf.
  • Credit file – if the guarantor does not make the repayments, this will be shown as a default on their credit file.

It's because of this arrangement, that the guarantor loan is the lowest cost bad credit loans

5

Even More Questions?

If you have more questions, see our FAQ section.

Video

Can you find a guarantor loan with a low rate, or APR?

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