Lowest Rate Guarantor Loans

Get lowest rate loan quotes now

  • See our lowest rate loans below
  • Amounts (£) based on a £3,000 loan over 36 months (illustration only)
  • Questions? See our FAQ's
LenderPer MonthTotal RepayableRep APR
UK Credit Company Logo UK Credit
(Homeowner Guarantor)
£134£4,82739.9% Apply
1 Plus 1 Company Logo 1 + 1 Loans £134£5,17747.8% Apply
Guarantor My Loan Company Logo Guarantor My Loan £145£5,22648.9% Apply
Trust Two Loans Company Logo TrustTwo £145£5,25249.6% Apply
Georg Banco Loans Company Logo George Banco £146£5,26149.7% Apply
Bamboo Loans Logo Bamboo Loans £146£5,26149.7% Apply
Amigo Loans Company Logo Amigo Loans £146£5,27049.9% Apply
UK Credit Company Logo UK Credit
(tenant guarantor)
£158£5,70359.9% Apply

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Popular Questions

1

How do I find the cheapest loan?

Fill out our 3-minute form to get no obligation loan quotes 👍

  • These are for people with a poor credit score.
  • For getting quotes
    • Zero fees
    • Zero affect your credit file
  • The form takes just 3-minutes
  • Our fully automated online system will then get quotes from all the guarantor and no guarantor lenders who have pre-accepted your application.
  • Within seconds these are presented to you, and you just have to then choose your preferred quote.
2

How do I find out the costs?

By completing the 3-minute form you’ll get instant quotes from lenders who’ve accepted your application (in principal).

  • This will allow you to compare the different loans and their 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 39.9% - 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’s it hard to find affordable loans with a poor credit history?

The most common way to a loan is the high street banks, but most have decided to only lend to people with a clean credit file 😠.

  • So many people start their search with frustration and being turned down!
  • Specialist lenders now service the poor credit market, lenders that many people have not heard of.
  • We set up this website to make this search much easier for you.
  • Quickly find affordable loans by filling out this 3-minute form.
5

Are loans cheaper if I have a good credit history?

YES 🤔

  • If you’ve checked your credit file and have a good credit history, then suggest 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 Questions

1

What are the implications of being a guarantor?

They are required to back the loan, so if the borrower stops paying, the guarantor needs to make these payments instead.

2

Can I get more info on loans with a guarantor?

3

What other bad credit loans are there?

The other main types are payday, instalment, and doorstep

  • Payday - very short-term loans typically between £50 - £500 for up to four weeks (to your next payday) with rates up to about 1,509% APR.
  • Instalment - small loans typically between £50 and £2,000 taken over 3 to 24 months, with rates typically from 300% to 1,500% 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 270% to 400% APR.
4

Why are these other loans more expensive?

Because they do not have someone with a clean credit history guaranteeing the loan repayments.

  • Typically default rates for guarantor loans are lower than other poor credit loans.
  • So lenders can afford to charge lower interest rates.
5

More Questions?

If you have more questions, see out FAQ section.

Video

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