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Guarantor Loans £100 to £15,000

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Guarantor Loans

  • Apply for £100 - £15000
  • Credit Problems OK
  • Non-Homeowner Guarantors accepted
  • Multiple Loan Options
  • No Fees or Charges§
  • Can be paid within 24 hrs

Borrower Questions Answered

If you are considering a guarantor loan as your personal loan then you or your guarantor may have questions that need answering.

Answers for borrowers:

For details about being someone's guarantor you should visit this page.

Guarantor Loans differ:

  • Designed for those with poor credit
  • Not offered by banks
  • Require a guarantor to co-sign agreement
  • Provide lower APR% than other bad credit loans
  • Borrow up to £15,000
  • Same day payout possible

Commonly Asked Borrower Questions

What is a guarantor?

This is a person who guarantees to the lender that they will step in and make the monthly loan repayments if you, the borrower, fail to. This is why a lender would consider lending to you even if you have had credit problems in the past. The presence of the guarantor greatly reduces the risk to the lender.

However, when selecting your guarantor you should keep in mind your relationship with them and what the consequenes would be to that relationship if you were unable to make the loan repayments.

Who can be a guarantor?

The basic requirements for your guarantor are as follows:

  • A UK resident typically aged 21 to 75 at the start of the loan
  • Have a good credit history
  • Have a UK bank account with a debit card
  • Have an income of at least £400 per month - it could be pension income or earned income
  • Be financially independent of you.
Does a guarantor have to be a homeowner?

No. Our broad panel of lenders mean that while we do have some who will only consider homeowner guarantors we have others who will happily consider non-homeowners and tenants.

But keep in mind that if you can provide a homeowner guarantor you:

  • will be able to apply for a larger loan
  • may qualify for a lower cost loan (APR%)
My guarantor has bad credit. What can I do?

Your guarantor is very unlikely to be acceptable to any lender if they have credit problems of their own. You will need to look elsewhere to find a guarantor who has a good credit profile. Keep in mind that the guarantor does not have to own their home; this may allow you to broaden your search.

How can I find a guarantor?

Your guarantor is going to be someone who knows you well and feels they would want to step in and make your monthly repayments if you could not - so it is most likely to be a family member or an extremely close friend. So, you need to ask yourself who in your family or social network sounds like they would perform this task?

You might be worried about asking them if they would be your guarantor. Don't be. You'll probably be surprised how many would agree to it. They may feel very positive towards the idea - if you don't ask you'll never know!

Can my husband/wife/partner be my guarantor?

Yes, of course, so long as you are financially independent of them. So, you can live at the same address but if you share bank accounts, or make joint mortgage payments, etc it is the duty of the lender to make sure that if you have financial problems those problems don't put undue stress on the guarantor's finances. The more financially independent you are of your guarantor the better.

Can my guarantor be retired?

Yes. The fact your guarantor is retired is not an issue. But they need to satisfy the usual guarantor criteria.

Detailed Borrowing Questions

I've had financial problems in the past. Can you still help?

Yes, hopefully! Guarantor loans are designed to help people who are precisely in your situation. The way we look at it a guarantor loan will split your credit past from your credit future. It means that if you need an unsecured loan, but have been refused one by a traditional lender, you could now obtain one for up to £15,000. Your credit history is now irrelevant. You will though need to demonstrate to the lender that you can afford the repayments,

Why do you need me to provide a guarantor?

This is the means by which your historical credit problems can be made irrelevant. Traditional unsecured loans use a credit score based on your credit file to measure risk. However, if you are able to provide an acceptable guarantor then the lender can place less emphasis on this and make a more favourable lending decision.

Will you credit check me?

For identity purposes and to ensure you are not bankrupt or on an IVA our lenders are likely to credit check both you and your guarantor. However, they wll not credit check you to judge the merits of lending to you. They will probably credit score you as a matter of routine but because you are providing a guarantor they will not rely on this score to make a lending decision. Because you are providing a guarantor they will see the guarantor's trust in you as a key factor. The lender will need to make sure that the guarantor is themselves credit worthy.

How do I go about getting a loan?

Use our free enquiry service to find the lenders who will lend to you in principle. Our service means:

  • You simply complete one short form
  • We don't charge any fee for this - the deals we offer will be the same as if you went to the lenders direct.
  • We immediately communicate with 99% of the UK's guarantor loan lenders
  • We instantly tell you which lenders are interested in your application
  • From our results page you can click through to your chosen lender(s) to complete your loan application.

Our lenders typically use full e-signature technology. This means both you and your guarantor can submit any extra information via their web sites and then sign the contract online. Using this technology means it is perfectly possible to get your loan paid to you within 24 hours.

Using our service means you do not need to go direct to any lender saving you considerable time and effort. The other main benefit is that you substantially raise the chances of getting the loan you want by approaching multiple lenders simultaneously.

How much can I borrow?

Our guarantor loans go from £100 to £15,000. They are split into two types:

  • Short term loans up to £750
  • Medium/Long term loans from £500 to £15,000

It's worth bearing in mind that all our lenders operate responsible lending policies and as such they may not be able to offer you the full amount you want. They are required to conduct an affordability assessment. They may judge that the amount you want is unaffordable if it puts you under too much financial stress. They may be prepared to reduce the loan amount and/or phase repayments over a longer time frame if this would help.

Can I pay off other debts with this loan?

Yes, and this could certainly make sense if you would reduce your overall repayments by paying off more expensive debt. But be careful about extending the repayments too far as this could potentially increase the total cost of your debt. You need to compare the two alternatives.

How fast can I get my loan?

With our lenders having invested in smooth processes and swift online technology it is perfectly possible to get your loan paid out within 24 hours. We frequently see examples of this. But, this presumes that you have an acceptable guarantor ready before you complete your application. Having a number of alternative guarantors lined up will also help in case your chosen lender does not accept the first one you offer them.

Do I have to find a guarantor before I apply?

No. You can use our enquiry service without any need for a specific guarantor. If you do this you can quickly discover your lender options. Then as you progress your application with your preferred lender(s) you will need to provide them with your guarantor's details. Then you and your guarantor will need to agree the terms of the loan.

Who is likely to be an acceptable guarantor?

The basic criteria for a guarantor are as follows (varies a little by lender):

  • A UK resident aged 18 to 75
  • A good credit history
  • A regular income (inc. pension)
  • A UK bank account with a debit card
  • Not financially linked to the applicant

We have more detailed information about this.

Note: the guarantor does not have to own their home, but if they do it means you may be able to borrow over £7500 and obtain a lower rate loan. Because of the wide variety of lenders on our panel we are able to cater for numerous different circumstances.

Lenders will credit check the guarantor to ensure that should you be unable to make repayments the guarantor can.

I don’t think I can find a guarantor?

Well, don't forget that these days guarantors don't have to own their home. This typically opens up the options considerably.

Have you thought hard and long about your family and friends? You may be surprised how accommodating they are if you can:

  • demonstrate to them you can afford the repayments
  • show that you are using the loan for a genuinely useful (rather than frivolous) purpose
What happens if I fail to keep up repayments on my loan?

You should remember that the loan agreement is a legal agreement. You have agreed to make monthly repayments for a fixed period of time. If, one month, you are unable to make a payment in full or on time then the first thing you need to do is contact your lender. Then you can discuss the situation and work out a new plan. If your ability to repay the loan deteriorates then the lender is within their rights to request the guarantor to step in to make up the missing payments.

Obviously this situation is to be avoided at all costs as it will:

  • damage your personal relationship with your guarantor
  • harm your credit rating further.

This is why lenders operate responsible lending policies and conduct affordability checks. You should never borrow more that you can afford to repay.

Tell me about interest & charges

We don't charge any fees for using our service!

All lenders aim to provide transparency on their interest and charges. There aren't typically any extra charges over and above the interest costs. Interest is often charged on a daily basis. This is a good thing as it means that you can immediately benefit from overpaying of your loan that you make - i.e. you can reduce your future repayments because you have paid off some of the capital early. You can estimate repayments using our calculator.

Some lenders specify fixed rates for their loans while others say they are variable. You need to make sure that regardless of lender you fully understand the terms of the loan.

About Guarantor Loans


Representative Example (Loans £500+)

Loan Amount


Monthly Repayment


Loan Term

36 mnths

Total Repayment


Rate of Interest


Representative APR


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