£20,000 Guarantor Loans

  • Apply for £1000 – £20000
  • Get 3-4 offers in 60 seconds
  • Loans from 19.9% APR
  • Same deals as going direct
  • No Fees or Obligation
  • Rep. 39.9% APR
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Guarantor Loans up to £20,000

Using our wide panel of guarantor loan lenders we are now able to offer loans up to £20,000. So, if you have a bad credit history you can now apply for a large loan with the lending decision based less on your credit history (still subject to affordability).

Over the last 10+ years, as we have extended our lender panel, we have seen the maximum guarantor loan rise from £3,000, to £5,000, to £7,500, to £10,000, to £12,000, £15,000 and finally to £20,000.


While the average loan is around £3,000 to £4,000 it’s good to know that larger amounts are available if needed.

Loans up to £20,000

  • Guarantors can be tenants or non-homeowners
  • Representative 39.9% APR (rates start at 19.9% APR)
  • Typical loan value £3,000 to £4,000
  • Loans are subject to affordability

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Guarantor Loans - Why Consider One?

For those who may not have a clean credit history, a guarantor loan is a way to obtain unsecured credit at a reasonable cost. The principle of a guarantor loan is that a friend, family member or work colleague with a reasonably clean credit file guarantees your loan and the repayments. Therefore it does not matter if you have a bad credit history so long as you can prove you have sufficient income to repay the loan.


Repayment Terms & Loan Cost

These loans typically have repayment terms of between 1 and 7 years with payments made on a monthly basis. To reduce your monthly payment you might want to consider spreading the repayments over a longer period, especially if the loan is large. This may make the loan more manageable on a monthly basis in terms of your budget but be careful about the total amount of interest you’re paying – it always makes sense to repay a loan as fast as you can.

We have a table of estimated monthly payments which you might find useful.


Unsecured Loans up to £25,000

If you require more than a £20,000 loan then we have standard personal loans which are available up to £25,000. These don’t require a guarantor but will either require a clean credit history or if this isn’t available then a much higher APR%.


Credit Crunch Loan Specialists

Since the 2008/9 financial crisis, it has become increasingly difficult to obtain finance if you have credit problems because banks and building societies have become risk-averse – in fact, these institutions are competing so hard for the same clean credit customers that rates for them have never been so low. But this has left millions of the UK population out in the cold. This is where a guarantor loan could help.


Guarantor Loans Guide

If you’re uncertain which type of credit might suit you or you have a money problem then one of guides may help you. We summarise each type of loan and their pros and cons, and address issues regarding debt and credit ratings.


  • No Upfront Fees
  • Smart Online Service
  • Stay Safe & Secure
  • Independent & Impartial
  • Trusted Partners


For over a decade Solution Loans has helped people all over the UK find solutions to their personal finance problems.

OUR REPUTATION Guarantor Loans


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Our reputation is great. In fact we have scored 4.6 out of 5 based on 198 ratings & 31 user reviews for our guarantor loans service.


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Written/Reviewed by: Amanda Gillam

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