- Apply for £100 - £12,000
- Credit Problems OK
- Non-Homeowner Guarantors accepted
- Multiple Loan Options
- No Fees or Charges§
- Can be paid within 24 hrs
Guarantor Loans could enable you to get an unsecured loan of £100 to £12,000 even if you have a poor credit history. If you provide a guarantor then there is much less reliance put on your credit score.
Loans with a guarantor are very popular because you could borrow between £100 and £12,000 by having a close friend or family member support your application by becoming the loan guarantor. Sometimes (but incorrectly) called guaranteed loans it is now possible to borrow smaller cash sums of £100 to £750 for short time periods and £500 to £12,000 for longer periods - a guarantor loan is much cheaper and more flexible than some other forms of bad credit loans.
|Loans from £100 to £12,000||Poor Credit rating welcome|
|Can be paid within 24 hours||Lessen Credit Score Impact|
|100% Free Service - No Fees||Multiple loan options|
|Guarantor can be either homeowner or non-homeowner / tenant|
Our no fees guarantor loans service will allow you to compare lenders and loans. That way you can choose the loan that you think is best for you.
There are 2 types of guarantor loans - £500 to £12,000 (longer term) or £100 to £750 (short term):
Consider as an alternative to a payday loan.
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk
Our no fees broking service helps you in a number of ways. It:
Our technology talks to 99% of the UK's top guarantor loan lenders. When you complete our short enquiry form we immediately find out which lenders will lend to you in principle. On average you will get 4 loan offers giving you the chance of comparison. We tell you who they are, and give you links to enable you to immediately complete your loan. You save loads of time filling in lots of forms - and our service is completely FREE! You'll get the same rates as if you went direct. But this way you get more choice!
Our video explains how our service allows us to hunt down your loan - all you have to do is fill in one simple form!
A Guarantor is simply a family member or close friend who trusts you enough to be prepared to back you when you apply for an unsecured loan. They guarantee to repay the loan if you default on repayments. Being a guarantor for someone is not something everyone will be prepared to do, but the principle of guarantors has been around for a long, long time (utility companies have used this method for decades).
If you believe you can get a guarantor then you should be able to get a loan - it's that simple.
For someone with a poor credit history an unsecured loan with a gaurantor is likely to offer a low APR / low rate compared to other specialist bad credit loans that don't require a guarantor. Depending on lender the representative APR for a guarantor loan is in the region of 37.9% to 54.9% which is quite a bit lower than the 70+% that are offered by other bad credit lenders.
Nobody is saying that 37.9% is a low interest rate nor that guarantor loans are cheap loans, but for someone who has an impaired credit status they may be the cheapest loans they can reasonably expect to qualify for.
As with all borrowing you need to make sure that you can afford the loan repayments and you do not simply make your financial position worse. You should expect any lender you apply to to request income and expenditure figures so that they can properly assess your loan's affordability.
Although the loan is provided with a guarantor the loan is in your name - this also means that on successful repayment of your loan it is your credit rating that is improved, not the guarantor's.
If right now you don't think you could find a guarantor then consider this - over 10% of actual borrowers also initially thought they couldn't find a guarantor!! And, your guarantor does not have to own their home. But if you really don't think you will be able to find a guarantor then try our other unsecured loan service.
You don't have to find your guarantor before you apply. Our enquiry form does not require the information and our lenders can accept you in principle without a guarantor's details. However, we would recommend that you start to consider which family members or friends to approach. The sooner you sort this out the sooner you can complete your loan.
We'd love to say thay you can always get your loan the same day. It is possible but it depends on numerous factors some of which are in your control and some of which are not. So, what can you do to maximise the chance of a same day payout:
The correct term for a loan with a Guarantor is a Guarantor Loan, although sometimes these are mistakenly called Guaranteed Loans. No loan is guaranteed as the lending decision will always include an assessment of the applicant's ability to repay; the so-called affordability check.
Please keep in mind that our lenders operate responsible lending policies and will only lend if they believe you are in a position to repay the loan.
For even more information about Guarantor Loans online please see the following pages on our site:
The great alternative to payday loans that costs much less and can be repaid over a longer timeframe to make the monthly repayments lower.
We can provide you with a fast decision for our larger loans and there are no upfront fees.
More information on our lenders and getting you the very best deals.
If you have a guarantor who is not a homeowner there are still plenty of lenders available. Find out more.
Recently the maximum loan amount has been increased from £7500 to £10,000. Get more information here.
This is another common request and while a larger amount is available we do have a growing number of lenders who offer loans with a guarantor up to £5000.
You probably have many questions about guarantor loans. We've assembled answers to the most common ones for you.
We have plenty of other information available for you on our dedicated website:
By Amanda Gillam
When it comes to getting you your guarantor loan our online service is second to none. In fact Solution-Loans.co.uk has scored based on 152 ratings & 23 user reviews for its guarantor loans service.
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