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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


If you are considering a guarantor loan as your unsecured personal loan then you or your guarantor may have questions that need answering. Below we have created two FAQs - one for Applicants and one for those who may become a Guarantor.

If your interest is short term guarantor loans then click here for a specific FAQ section.

Applicant's Q&A

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 - more info.
  • 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.

Guarantor's Q&A

I've been asked to be a guarantor. What do I do now?

The first thing to decide is if you are happy to act as the guarantor for the person who has asked you:

  • do you know them well enough to judge if you can trust them to make the loan repayments on time and in full each month?
  • has the applicant demonstrated to you that they can afford the loan - perhaps they have shown you their bank statements or pay slips?
  • ask yourself if you had the money yourself would you lend it to them? If you wouldn't then perhaps you shouldn't agree to be their guarantor.

If you are comfortable to act as their guarantor then the applicant will tell you how to provide your details to the lender. This is likely to require you to log in to the lender's website and use a reference provided by the applicant. Don't forget that the lender will want to credit check you too. They need to be confident that should the borrower fail to make a loan repayment that you can afford to.

Would I make a suitable guarantor?

The criteria for an "acceptable" guarantor differs by lender - your age, whether you own your home or not, your income, etc. Here's some general guidance for you:

  • You are a UK resident
  • You are aged 18 to mid 70's
  • You have a regular income (inc. pension)
  • You have a good credit history

Some lenders will need you to own your home, but for a growing number of lenders this is not relevant.

What are the risks of being a guarantor?

The primary risk to you if you act as as a guarantor is that the borrower fails to keep up the repayments. In these situations the lender has a right to require the you to step in to make the payment. In the worst case the lender may require you to repay the balance of the loan outstanding. If you are unwilling to do this then it will affect your credit rating and the lender could ultimately start legal proceedings against you and the borrower.

So you should only volunteer to act as someone's guarantor if you would otherwise be prepared to risk you own money. You must be able to trust the borrower. For a lender's point of view about acting as a guarantor read this.

Once I've agreed to be a guarantor can I change my mind?

You can change your mind about being someone's guarantor at any point until you have signed the agreement. From that moment on you are obliged to continue. You cannot pass the responsibility on to anyone else. So, do take time to consider any request to act as a guarantor and only agree to it if you are certain it is the right thing to do.

Am I credit checked? What does this mean for me?

A lender needs to ensure that a guarantor has the capacity to make the loan repayments if the borrower cannot. So, they will conduct a credit check to ensure that you:

  • are who you say you are (i.e. an identity check)
  • have not had trouble paying bills or similar in the past.

This type of credit check is called a Quotation search or a "soft" search. This type of search is visible on your credit report but it does not impact your credit score.

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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