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
Amigo Guarantor Loans
Promotion

Amigo Guarantor Loans

  • Representative 49.9% APR
  • Borrow up to £10,000 over 1-5 years
  • Fast payout – Get the money in 24 hours
  • No hidden costs – No set up or early repayment fees
Apply Now
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 Guarantor Loan logo

      Buddy Guarantor Loan

      • Representative APR
        49.9% APR
      • Available Amounts
        £1,000 to £10,000
      • Min / Max Terms
        1 to 5 years
      • Guarantor Type
        Homeowner or Tenant

      Guarantor Criteria

      • 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

      Borrower Criteria

      • Must be aged 18-75
      • Must be a UK resident
      • Must have a good credit history
    • UK Credit Guarantor Loan logo

      UK Credit Guarantor Loan

      • Guarantor must be a homeowner
      • Representative APR
        39.9% APR (£4,000 - £6,999)
      • Available Amounts
        £2,000 to £15,000
      • Min / Max Terms
        18 months to 5 years
      • Guarantor Type
        Homeowner

      Guarantor Criteria

      • Borrower 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
      • Must be a homeowner
      • If your guarantor is a homeowner they can be employed, self-employed or retired
      • If your guarantor is a non-homeowner they must be employed and the APR may be higher

      Borrower Criteria

      • Must be aged 18 to 70
      • Must be a UK resident
      • Must not be recently bankrupt, in an IVA or a Debt Management Plan
    • Amigo Guarantor Loan logo

      Amigo Guarantor Loan

      • Representative APR
        49.9% APR (variable)
      • Available Amounts
        £500 to £10,000
      • Min / Max Terms
        1 to 5 years
      • Guarantor Type
        Homeowner or Tenant

      Guarantor Criteria

      • Must be aged 18-75
      • Must be a UK resident
      • Must have a good credit history
      • Tenants and homeowners accepted

      Borrower Criteria

      • Must be aged 18-75
      • Must be a UK resident
      • Must not be on an active bankruptcy, IVA or equivalent
    • George Banco Guarantor Loan logo

      George Banco Guarantor Loan

      • Representative APR
        49.7% APR
      • Available Amounts
        £500 to £15,000
      • Min / Max Terms
        1 to 5 years
      • Guarantor Type
        Homeowner or Tenant

      Guarantor Criteria

      • Must be 25+ years of age
      • Must have a UK bank account with a valid UK debit card
      • Must have a good credit history
      • Must not be subject to a current Individual voluntary arrangement (IVA) or bankruptcy order
      • Must be a UK resident (excludes Isle of Man and Channel Islands)
      • Must have a minimum income after tax of £1,000pcm (inclusive of pensions)
      • Must be a parent or relative to act as a student Guarantor

      Borrower Criteria

      • Must be 18+ years of age
      • Must have a UK bank account with a valid UK debit card
      • Must not be subject to a current Individual voluntary arrangement (IVA) or bankruptcy order
      • Must have a regular income
      • Must be a UK resident (excludes Isle of Man and Channel Islands)
    • Guarantor My Loan logo

      Guarantor My Loan

      • Applicant and guarantor must both be homeowners
      • Representative APR
        29% APR
      • Available Amounts
        £1,000 to £10,000
      • Min / Max Terms
        1 to 5 years
      • Guarantor Type
        Homeowner

      Guarantor Criteria

      • Must be aged 25-71
      • Must be a UK resident
      • Must have good credit
      • Must be a homeowner

      Borrower Criteria

      • Must be aged 25-71
      • Must be a UK resident
      • Must have reasonable credit
      • Must be a homeowner
    • Talk Loans Guarantor Loan logo
      Broker

      Talk Loans Guarantor Loan

      • Guarantor must be a homeowner
      • Representative APR
        39.9% APR
      • Available Amounts
        £500 to £15,000
      • Min / Max Terms
        1 to 5 years
      • Guarantor Type
        Homeowner

      Guarantor Criteria

      • 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

      Borrower Criteria

      • 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
    • TFS Guarantor Loan logo

      TFS Guarantor Loan

      • Guarantor must be a homeowner
      • Representative APR
        39.9% APR (£5,000 - £10,000)
      • Available Amounts
        £1,000 to £15,000
      • Min / Max Terms
        1 to 5 years
      • Guarantor Type
        Homeowner

      Guarantor Criteria

      • Must be a UK Homeowner
      • Must be aged between 18 to 75 (loan must be paid off before 76th birthday)
      • Must earn monthly net income of at least £1,000

      Borrower Criteria

      • Must be aged between 18 to 75 (loan must be paid off before 76th birthday)
      • Must have been in employment for 1 month, or self-employment for 3 months
      • Must earn monthly net income of at least £1,000
      • 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
    • UK Credit Guarantor Loan logo

      UK Credit Guarantor Loan

      • Guarantor must be a tenant
      • Representative APR
        53.9% APR (£4,000 - £5,999)
      • Available Amounts
        £2,000 to £6,000
      • Min / Max Terms
        18 months to 5 years
      • Guarantor Type
        Tenant

      Guarantor Criteria

      • Must be aged 21 to 70 at the time of loan pay out
      • Must have not been bankrupt in the last 6 years
      • Must have no DMP or IVA over the last 6 years
      • If your guarantor is a non-homeowner they must be employed

      Borrower Criteria

      • Must be aged 18 to 70
      • Must be a UK resident with a bank account
      • Must be employed, self-employed, retired or on certain benefits
      • Must not currently be in an IVA or DMP nor currently bankrupt
    • Talk Loans Guarantor Loan logo
      Broker

      Talk Loans Guarantor Loan

      • Representative APR
        49.7% APR
      • Available Amounts
        £500 to £15,000
      • Min / Max Terms
        1 to 5 years
      • Guarantor Type
        Homeowner or Tenant

      Guarantor Criteria

      • Must be aged 21-75 (over 75 occasionally considered)
      • Must be a UK resident
      • Must have a good to fair credit history
      • Guarantor can be tenant or homeowner
      • Must be able to afford repayments if borrower defaults

      Borrower Criteria

      • 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
    • 1Plus1 Guarantor Loan logo

      1Plus1 Guarantor Loan

      • Representative APR
        47.8% APR
      • Available Amounts
        £500 to £10,000
      • Min / Max Terms
        1 to 5 years
      • Guarantor Type
        Homeowner or Tenant

      Guarantor Criteria

      • Must be aged 18-79
      • Must be a UK Resident
      • Homeowners and Tenant Guarantors accepted
      • Must have a good credit history

      Borrower Criteria

      • Must be aged 18-79
      • Must be a UK resident
      • No bankruptcies, IVA or equivalents
    • TrustTwo Guarantor Loan logo

      TrustTwo Guarantor Loan

      • Guarantor must be a homeowner
      • Representative APR
        49.5% APR
      • Available Amounts
        £500 to £10,000
      • Min / Max Terms
        1 to 5 years
      • Guarantor Type
        Homeowner

      Guarantor Criteria

      • Homeowners only
      • Must be aged 25 - 74
      • Must have a good credit history

      Borrower Criteria

      • Must be over 18
      • Must not be declared bankrupt or in IVA or debt management plan
    • TrustTwo Guarantor Loan logo

      TrustTwo Guarantor Loan

      • Representative APR
        49.9% APR
      • Available Amounts
        £500 to £10,000
      • Min / Max Terms
        1 to 5 years
      • Guarantor Type
        Tenant or living with parent

      Guarantor Criteria

      • Guarantor can be tenant or living with parents
      • Must be aged 25 - 74
      • Must have a good credit history

      Borrower Criteria

      • Must be over 18
      • Must not be declared bankrupt or in IVA or debt management plan
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.

Award-winning comparisons you can trust

It's always nice to know you're on the right track. Over the years, as we have striven to improve the services we provide to our clients and users, we have been pleased to receive recognition for our efforts from both industry and consumer bodies.

How to Choose a Guarantor Loan

One of the popular options for borrowers with bad credit scores is a guarantor loan. If you are lucky enough to have a close friend or loved one who is willing to help you obtain a loan, you will want to find a product that works for you both.

As the borrower, the loan will be in your name and you will be responsible for meeting the repayments. However, your guarantor will be waiting in the wings, as they are obligated to make the repayments if you struggle.

Finding the right loan is perhaps even more challenging when there are two people involved in the borrowing process. Your guarantor may want to check factors like interest rates and late payment fees, for example. Another issue to consider is that some loans require the guarantor to be a homeowner.

Whatever your specific requirements, our guarantor loan comparison table will help you make a start comparing guarantor loans. We also hope that our helpful guide below can shine some light on this borrowing option.

Deciding between different guarantor loan providers

Regardless of the provider, guarantor loans work in much the same way. The borrower applies for the loan, alongside a guarantor. The borrower is usually someone who would struggle to secure a loan on their own due to their credit history; they might be self-employed or have been declared bankrupt in the past, for example. The guarantor is usually a close family member or friend to the borrower who is financially sound and is willing to cover repayments should the borrower be unable.

Although most guarantor loans are extremely similar, there are subtle differences between lenders and products which consumers should be aware of. For example, some products only consider guarantors who own their own homes, loans also differ in the maximum loan amount available.

Comparing guarantor loans is a not dissimilar from comparing standard personal loans. Here are some of the variables you might want to consider when choosing a guarantor loan:

What to consider when choosing a guarantor loan

  • The cost of the loan: Guarantor loans will display their associated APR in the same way as any other loan, using APR is a useful way to compare the cost of different loans.
  • Minimum and maximum loan amounts: Think about how much you need to borrow. Can the lender provide you with the right value loan?
  • Minimum and maximum loan term: Ask yourself questions like ‘how long do I you need to repay the loan?’ and ‘how much can I afford each month?’. It’s important to ensure that you will be able to afford the monthly repayments that you commit to.
  • Lending criteria for the borrower: Consider whether you meet the lending criteria, as lenders are likely to check certain information, such as financial situation and employment status.
  • Lending criteria for the guarantor: Although guarantor loans are unsecured loans, lenders will often require guarantors to be homeowners, although some will also consider tenants. Other criteria, such as age, employment status, credit score and employment will also be checked.

Deciding whether to become a guarantor

This is not an easy decision to make. There are various reasons why you might decide to become a guarantor. Perhaps your adult child is struggling to find a loan due to past money problems, or maybe your close friend needs some help obtaining a loan because they are self-employed. Whatever the circumstances, the role of guarantor is not to be taken lightly.

Although the loan will be under the borrower’s name, the money will usually be paid into your account initially, and you will then need to transfer it to your borrower’s account. You will also need to be happy with the fact that the lender will carry out thorough credit and affordability checks on you during the application process.

However, there’s plenty more to weigh up when deciding whether to become a guarantor.

Choosing a guarantor loan FAQs

Does being a guarantor affect my credit record?

Can my wife/husband be my guarantor?

Are guarantor loans expensive?

Can I get a guarantor loan if I am unemployed?

Are there basic criteria for being a guarantor that most lenders require?

Featured articles

Go to Loans Hub

Featured brands