Guarantor loans

Get up to £10,000 in your account today to spend on whatever you want. All you have to do is apply for one of our guarantor loans.

Am i eligible for a guarantor loan?

White TickBoth of you must be UK residents and over 18 years old.

white TickFree from bankruptcy.

White tickGuarantor has good credit or are homeowners.

White tickCCJ’s and Defaults can be accepted.

What can i spend my guarantor loan on?

However you want. A guarantor loan is essentially a personal loan, the difference is, if you are unable to make your repayments then the lender will take the money from your chosen guarantor. We have a number of guarantor loans where you can borrow up to £10,000 to spend on whatever you want. Most loans are paid out within 48 hours so you could have the money available to spend in no time.

Bad credit guarantor loans

Bad credit guarantor loans are where you choose somebody to make repayments on your loan if you are not able to. If you have bad credit, then a guarantor loan may be a good option for you. A guarantor provides a safety net for both you and the lender. So if you find yourself struggling to make a payment, your guarantor is able to help, ensuring the lender still receives their owed amount.

Our guarantor loan products

Two of our preferred lenders for guarantor loans are Amigo loans and George Banco. To apply for a loan is fast and easy, just click the apply button and fill out the form and you could receive your money the same day!

Get a guarantor loan through Amigo Loans

Representative 49.9% APR (variable) Representative Example: Borrowing £4000 over 36 months, repaying £195.16 per month, total repayable £7,025.76. Interest rate 49.9% (variable).

Get a guarantor loan through George Banco

Representative 49.7% APR (variable) Representative Example: Borrowing £3500 over 36 months, repaying £170.56 per month, total repayable £6,140.16. Interest rate 49.7% (variable).


Who can be your guarantor?

Friendspartnersfamily members and house mates can be used as your guarantor. If you already share financial commitments with your guarantor, you will want to ensure that taking out your guarantor loan won’t put you under financial strain. To be in with the best chance of getting accepted, your guarantor should be a homeowner. Should you not be able to get a guarantor who owns a house, they must have very good credit.

What happens if you (the borrower) misses your payments?

Should you find yourself missing a guarantor loan repayment, then the lender will most likely get in touch with you and give you a chance to make the payment. If this isn’t an option and you are unable to pay, then the lender will contact your guarantor. As your repayment date nears, the lender should email both the borrower and the guarantor to let you both know payment is due. If payment is missed you may find that interest is added on to the balance.

What happens if your guarantor can’t pay?

Before your guarantor loan is accepted an affordability check will be carried out on your guarantor. Should the borrower become bankrupt, stop paying, enter into an IVA, or pass away, then the guarantor will be solely responsible for the loan. That is why it’s so important for your chosen guarantor to have good credit.

If both the borrower and guarantor are unable to make repayments then the lender will likely take further action. If you have any further questions regarding guarantor loans, please get in touch.
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