Compare Guarantor Loans

  • Guarantor loans can allow borrowers with poor credit ratings to get a loan.
  • A guarantor will need to repay the loan should the borrower default.
  • You can compare up to date interest rates and other important information on guarantor loans in the table below.
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Buddy Guarantor Loans
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  • Representative 49.9% APR
  • Borrow from £1,000 to £7,500
  • Direct lender with 5* Trustpilot rating
  • Tenants accepted - including tenant guarantors
  • No set up or early repayment fees
Representative Example: Credit £3,250 for 36 months. Interest (fixed at 41.16%): £2464.57. Total amount payable of £5,714.67. Representative 49.9% APR. 36 repayments of: £158.57. Maximum APR: 49.9%

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  • Amigo Guarantor Loans

  • Representative APR
    49.9% APR
    (variable)
  • Available Amounts
    £500 to £7,500
  • Repayment For £1,000
    £1,236.72 over 12 months
  • Min/Max Terms
    1 to 5 years
  • Guarantor Type
    Homeowner or Tenant
  • Apply Now + More Information
  • Is this loan right for you?

    This is a guarantor loan. A guarantor loan requires a second person - the guarantor - to co-sign the credit agreement along with the borrower guaranteeing that they will repay the loan should the borrower default on their repayments. Therefore, it is extremely important that the guarantor can afford the monthly repayments should they need to. Acceptance subject to affordability.

    Guarantor Minimum Requirements

    Borrower Minimum Requirements

    • Must be aged 18-75
    • Must be a UK resident
    • Must have a good credit history
    • Tenants and homeowners accepted
    • Must be aged 18-75
    • Must be a UK resident
    • Must not be on an active bankruptcy, IVA or equivalent
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  • Representative Example: Borrowing £4000 over 36 months, repaying £195.16 per month, total repayable £7,025.76. Interest rate 49.9% (variable). Representative 49.9% APR (variable)
    Maximum APR: 49.9%
  • Buddy Loans

  • Representative APR
    49.9% APR
  • Available Amounts
    £1,000 to £7,500
  • Repayment For £1,000
    £1,235.10 over 12 months
  • Min/Max Terms
    1 to 5 years
  • Guarantor Type
    Homeowner or Tenant
  • Apply Now + More Information
  • Is this loan right for you?

    This is a guarantor loan. A guarantor loan requires a second person - the guarantor - to co-sign the credit agreement along with the borrower guaranteeing that they will repay the loan should the borrower default on their repayments. Therefore, it is extremely important that the guarantor can afford the monthly repayments should they need to.

    Guarantor Minimum Requirements

    Borrower Minimum Requirements

    • Must be aged 18-75
    • Must be a UK resident
    • Must not be on an active bankruptcy, IVA or equivalent
    • Guarantor does not need to own a home
    • Must be aged 18-75
    • Must be a UK resident
    • Must have a good credit history
    Visit Website
  • Representative Example: Credit £3,250 for 36 months. Interest (fixed at 41.16%): £2464.57. Total amount payable of £5,714.67. Representative 49.9% APR. 36 repayments of: £158.57.
    Maximum APR: 49.9%
  • UK Credit

  • Representative APR
    38.9% APR
  • Available Amounts
    £1,000 to £10,000
  • Repayment For £1,000
    £1,215.72 over 12 months
  • Min/Max Terms
    1 to 5 years
  • Guarantor Type
    Homeowner or Tenant
  • Apply Now + More Information
  • Is this loan right for you?

    This is a guarantor loan. A guarantor loan requires a second person - the guarantor - to co-sign the credit agreement along with the borrower guaranteeing that they will repay the loan should the borrower default on their repayments. Therefore, it is extremely important that the guarantor can afford the monthly repayments should they need to.

    Guarantor Minimum Requirements

    Borrower Minimum Requirements

    • Must be aged 21 to 70 at the start of the loan term
    • Must be a UK resident (if in Scotland, both applicant and guarantor must reside in Scotland)
    • Must have a good credit history
    • Tenants and homeowners accepted (tenant loan - £6,000 maximum)
    • Must be aged 18 to 70
    • Must be a UK resident
    • Must not be recently bankrupt, in an IVA or a Debt Management Plan
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  • Representative Example: 38.9% APR Representative (Fixed) Representative Example £4500 over 3 years, representative 38.9% APR fixed. Monthly payment £199.26. Annual interest rate 33.3% fixed. Interest payable £2673.36. Total repayable £7173.36.
    Maximum APR: 59.9%
  • Broker
  • Talk Loans

    Guarantor must be a homeowner
  • Representative APR
    37.9% APR
  • Available Amounts
    £500 to £15,000
  • Repayment For £1,000
    £1,193.88 over 12 months
  • Min/Max Terms
    1 to 5 years
  • Guarantor Type
    Homeowner only
  • Apply Now + More Information
  • Is this loan right for you?

    This is a guarantor loan. A guarantor loan requires a second person - the guarantor - to co-sign the credit agreement along with the borrower guaranteeing that they will repay the loan should the borrower default on their repayments. Therefore, it is extremely important that the guarantor can afford the monthly repayments should they need to.

    Guarantor Minimum Requirements

    Borrower Minimum Requirements

    • Must be aged 21-75 (over 75 occasionally considered)
    • Must be a UK resident
    • Must have a good to fair credit history
    • Guarantor must be a homeowner
    • Must be able to afford repayments if borrower defaults
    • Must be aged 18-75
    • Must be a UK resident
    • Must not be on bankrupt or in an IVA
    • Must be able to afford repayments
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  • Representative Example: Borrowing 4,000 over 36 months, repaying £178.80 per month, total repayable £6,436.80. Representative APR 37.9% (fixed).
    Maximum APR: 56.9%
  • SUCO

    Guarantor must be a homeowner
  • Representative APR
    39.9% APR
  • Available Amounts
    £1,000 to £15,000
  • Repayment For £1,000
    £1,475.04 over 24 months
  • Min/Max Terms
    2 to 7 years
  • Guarantor Type
    Homeowner Only
  • Apply Now + More Information
  • Is this loan right for you?

    This is a guarantor loan. A guarantor loan requires a second person - the guarantor - to co-sign the credit agreement along with the borrower guaranteeing that they will repay the loan should the borrower default on their repayments. Therefore, it is extremely important that the guarantor can afford the monthly repayments should they need to.

    Guarantor Minimum Requirements

    Borrower Minimum Requirements

    • Must be aged 18 to 75
    • Must be a UK resident
    • Must have a regular income
    • Guarantor must be a UK homeowner
    • Must be over 18
    • Must be a UK resident
    • Must have a regular income
    Visit Website
  • Representative Example: Borrowing £12,500 over 54 months, repaying £398.46 per month, total repayable £21,516.84 Interest rate 39.9 % (fixed).
    Maximum APR: 48.9%
  • Guarantor My Loan

  • Representative APR
    48.9% APR
  • Available Amounts
    £1,000 to £10,000
  • Repayment For £1,000
    £1,232.52 over 12 months
  • Min/Max Terms
    1 to 5 years
  • Guarantor Type
    Homeowner or Tenant
  • Apply Now + More Information
  • Is this loan right for you?

    This is a guarantor loan. A guarantor loan requires a second person - the guarantor - to co-sign the credit agreement along with the borrower guaranteeing that they will repay the loan should the borrower default on their repayments. Therefore, it is extremely important that the guarantor can afford the monthly repayments should they need to.

    Guarantor Minimum Requirements

    Borrower Minimum Requirements

    • Must be aged 21-75
    • Must be a UK resident
    • Must have a reasonable credit history
    • Homeowner or Tenant accepted
    • Must be aged 21-75
    • Must be a UK resident
    • Must not be on an active bankruptcy, IVA or equivalent
    • Returning customers may borrow up to £7,500
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  • Representative Example: £3,000 over 3 years, representative 48.9% APR fixed. Monthly payment £145.17. The interest is 10% per annum fixed and service fee is 30.46% per annum fixed. Interest payable £549.95 and service fee payable £1,676.17. Total repayable £5,226.12
    Maximum APR: 48.9%
  • GuarantorLoan.co.uk

    Applicant and Guarantor must both be Homeowners
  • Representative APR
    29% APR
  • Available Amounts
    £1,000 to £10,000
  • Repayment For £1,000
    £1,144.80 over 12 months
  • Min/Max Terms
    1 to 5 years
  • Guarantor Type
    Homeowner Only
  • Apply Now + More Information
  • Is this loan right for you?

    This is a guarantor loan. A guarantor loan requires a second person - the guarantor - to co-sign the credit agreement along with the borrower guaranteeing that they will repay the loan should the borrower default on their repayments. Therefore, it is extremely important that the guarantor can afford the monthly repayments should they need to.

    Guarantor Minimum Requirements

    Borrower Minimum Requirements

    • Must be aged 25-71
    • Must be a UK resident
    • Must have good credit
    • Must be a homeowner
    • Must be aged 25-71
    • Must be a UK resident
    • Must have reasonable credit
    • Must be a homeowner
    Visit Website
  • Representative Example: Representative Example £3000 over 3 years, representative 29.0% APR. Monthly payment £120.46. The interest is 10% per annum fixed and service fee is 15.74% per annum fixed. Interest payable £519.21 and service fee payable £817.35. Total repayable £4,336.56
    Maximum APR: 48.9%
  • 1Plus1 Loans

  • Representative APR
    45.4% APR
  • Available Amounts
    £500 to £5,000
  • Repayment For £1,000
    £1,230.00 over 12 months
  • Min/Max Terms
    1 to 5 years
  • Guarantor Type
    Homeowner or Tenant
  • Apply Now + More Information
  • Is this loan right for you?

    This is a guarantor loan. A guarantor loan requires a second person - the guarantor - to co-sign the credit agreement along with the borrower guaranteeing that they will repay the loan should the borrower default on their repayments. Therefore, it is extremely important that the guarantor can afford the monthly repayments should they need to.

    Guarantor Minimum Requirements

    Borrower Minimum Requirements

    • Must be aged 18-75
    • Must be a UK Resident
    • Homeowners and Tenant Guarantors accepted
    • Must have a good credit history
    • Must be aged 18 to 75
    • Must be a UK resident
    • No bankruptcies, IVA or equivalents
    Visit Website
  • Representative Example: Borrow £3000 over 3 years, representative 45.4% APR Fixed. Monthly payment £140.84. Annual interest rate 23% Fixed. Interest payable £2070.24 Total payable £5070.24.
    Maximum APR: 48.3%
  • TrustTwo

  • Representative APR
    43.8% APR
  • Available Amounts
    £1,000 to £7,500
  • Repayment For £1,000
    £1,236.96 over 12 months
  • Min/Max Terms
    12 months to 5 years
  • Guarantor Type
    Homeowner or Tenant
  • Apply Now + More Information
  • Is this loan right for you?

    This is a guarantor loan. A guarantor loan requires a second person - the guarantor - to co-sign the credit agreement along with the borrower guaranteeing that they will repay the loan should the borrower default on their repayments. Therefore, it is extremely important that the guarantor can afford the monthly repayments should they need to.

    Guarantor Minimum Requirements

    Borrower Minimum Requirements

    • Tenants and homeowners accepted
    • Must be aged 25 - 74
    • Must have a good credit history
    • Must be over 18
    • Must not be declared bankrupt or in IVA or debt management plan
    Visit Website
  • Representative Example: Borrowing £4,000 over 3 years at an interest rate of 36.9% p.a. (fixed), you will repay 36 monthly payments of £185.27. Interest payable £2,669.72. Total repayable £6,669.72. Representative 43.8% APR.
    Maximum APR: 43.8%
  • TFS Loans

    Guarantor must be a homeowner
  • Representative APR
    48.9% APR
  • Available Amounts
    £1,000 to £15,000
  • Repayment For £1,000
    £1,475.04 over 24 months
  • Min/Max Terms
    2 to 5 years
  • Guarantor Type
    Homeowner Only
  • Apply Now + More Information
  • Is this loan right for you?

    This is a guarantor loan. A guarantor loan requires a second person - the guarantor - to co-sign the credit agreement along with the borrower guaranteeing that they will repay the loan should the borrower default on their repayments. Therefore, it is extremely important that the guarantor can afford the monthly repayments should they need to.

    Guarantor Minimum Requirements

    Borrower Minimum Requirements

    • Must be a UK Homeowner
    • Must be aged between 18 to 75
    • Must be in receipt of a regular income
    • Must be 18 years old
    • Must have been in employment for 1 month, or self-employment for 3 months
    • Must be a homeowner for loans of £8,000 to £12,000
    • Must not be currently Bankrupt, in an IVA or a Debt Management Plan
    Visit Website
  • Representative Example: Borrowing £1000 over 24 months. Repaying £61.46 per month. Total repayable £1475.04. 48.9% APR Representative Fixed.
    Maximum APR: 48.9%
  • Bamboo

  • Representative APR
    49.7% APR
  • Available Amounts
    £1,000 to £8,000
  • Repayment For £1,000
    £1,235.72 over 12 months
  • Min/Max Terms
    1 to 5 years
  • Guarantor Type
    Homeowner or Tenant
  • Apply Now + More Information
  • Is this loan right for you?

    This is a guarantor loan. A guarantor loan requires a second person - the guarantor - to co-sign the credit agreement along with the borrower guaranteeing that they will repay the loan should the borrower default on their repayments. Therefore, it is extremely important that the guarantor can afford the monthly repayments should they need to.

    Guarantor Minimum Requirements

    Borrower Minimum Requirements

    • Must be over 21
    • Must have a UK bank account with a valid debit card
    • Must be a UK resident. Must be free of bankruptcy or IVA claims
    • Must have a good credit history
    • Must be currently employed with a minimum monthly income of £1,000
    • Must be able to afford the monthly repayments
    • Guarantor does not need to own a home
    • Must be over 18
    • Must have a UK bank account with a valid debit card
    • Must be a UK resident. Must be free of bankruptcy or IVA claims
    • Must have a regular income and be able to afford the monthly repayments
    Visit Website
  • Representative Example: On an assumed loan amount of £2,600.00 over 36 months. Rate of interest 41% per annum (fixed). 35 monthly repayments of £126.61 and a final payment of £126.54. Total amount payable £4,557.89. Representative 49.7% APR.
    Maximum APR: 49.7%
Our comparison service features a selection of providers from whom we receive commission. This table is initially ordered according to our commercial arrangements. You can use the options above the table to order it according to various criteria.

Guarantor Loans FAQ

A guarantor loan is a form of unsecured loan, where another person takes on the responsibility of any accrued debt if the individual who originally took out the loan is unable to make repayments or misses repayments. This type of loan is generally regarded as a useful solution for those with a poor credit rating, or little credit history, as otherwise they may struggle to be accepted for a good loan product.

It's important to remember with guarantor loans that the interest costs can sometimes be quite high, and you will need to have a good relationship with your chosen guarantor, as they are risking the loss of their property and assets if you fail to make repayments.

Below are some of the most frequently asked basic questions about guarantor loans. Just click on the question headings to see the answer.

What are the Pros and Cons of Guarantor Loans?

Guarantor loans are often aimed at people who might struggle to obtain a loan through traditional means - due to a poor credit rating, for instance. These loans often allow individuals to borrow a higher amount than they would be able to based on their financial history alone, and may even improve their credit rating.

Guarantor loans make it easier for individuals to obtain the finances they need and pay back their debts without resorting to other bad credit options. However, guarantor loans can be expensive, with higher APRs than other forms of personal loans and the impact on the guarantor themselves needs to be carefully considered.

Could a Guarantor Loan Improve my Credit Rating?

If payments for your guarantor loan are made on time, your credit rating could begin to improve, or you may be able to build up a non-existent rating. Of course, if you don't make your repayments, you could suffer from an even worse credit rating.

Would I be Eligible for a Guarantor Loan?

To be eligible for a guarantor loan, you'd need to be over 18 years old, and hold a UK bank account. You may also need to demonstrate to lenders that you can make repayments by showing you have a regular salary or income.

Who Can Act as My Guarantor?

Almost anyone could act as a guarantor for your loan, so long as they aren't financially linked to you (such as a spouse). A guarantor might be a work colleague, friend, or family member.

For your chosen guarantor to be accepted by a lender, they will usually need a good credit history themselves, to be a UK homeowner, and be over 21 years of age. Guarantors will need to undergo a credit check, and provide bank details, proof of ID, and bank statements.

How Much can I Borrow with a Guarantor Loan?

The amount that you're able to borrow with a guarantor loan will depend on the lender that you choose, as well as your affordability - in other words, how much you can afford to repay each month based on your current income.

Other factors that might impact the amount you're able to borrow include the length of the loan term, and your relationship with the lender (i.e. whether you're a repeat customer).

How Much Interest will I Have to Pay?

The amount of interest that you'll need to pay on a guarantor loan will depend on the lender you choose, the amount that you borrow, and the terms of your loan. Your rates of interest will also change depending on your credit rating.

What Happens if I Default on a Guarantor Loan?

If you default on a guarantor loan, or you're unable to manage your payments, your guarantor will be required to pay instead. Your lender might also continue to chase you for the remainder of the loan, plus any interest, and if no-one makes repayments, then you and your guarantor may be taken to court.