• Borrow £1,000 to £10,000
  • Representative 48.9% APR
  • Homeowner guarantors
  • Peer to peer lender
bald young man in grey short smiling

Guarantor My Loan logo

About GuarantorMyLoan

GuarantorMyLoan started in 2014. They are actually a peer-to-peer lender meaning that the money they lend to you is from individuals who offer it on the GuarantorMyLoan platform. But this different funding arrangement isn’t something you need to be concerned about. They are now well established and garnering reasonably good reviews from existing borrowers.

Loan Summary:

Representative APR Loan Term (months) Loan Amount (£)
48.9% 12 – 60 1,000 – 10,000


Lender Ratings:

GuarantorMyLoan scores 4.6 out of 5 based on 300 reviews on TrustPilot. This score puts GuarantorMyLoan in the middle of the rating spectrum compared to the typical guarantor loan lender. Rate and review them now.

Compare GuarantorMyLoan to Others

For clarity here are the key differences of GuarantorMyLoan to the “typical” or “average” guarantor loan lender:


  • The same APR% regardless of loan size and loan period which could be an advantage if you need a smaller loan for a shorter period.
  • Offer 1-month cash back if you successfully make your first 12 payments on time and in full.


  • There are many lenders with a lower APR% available dependent on loan value and duration.
  • The maximum loan size of £10,000 is lower than many.
  • Your guarantor must be a homeowner.
  • The average customer rating is marginally lower.

GuarantorMyLoan’s representative APR is 48.9%, but we have lenders who offer guarantor loans starting at 19.9%. As a broker with access to multiple lenders, we may be able to find you loans like GuarantorMyLoan’s at a lower rate.

GuarantorMyLoan’s Rep. Example

Borrow £4,000 for 36 months. Representative 48.9% APR* fixed. Monthly payment £193.56. Total interest & service fee payable £2,968.16. Total repayable £6,968.16.

*includes both the interest rate of 17% per annum (fixed) and the platform service fee of 23.48% per annum (fixed)

We’ll Find Your Loan

Why trudge from one lender website to the next when Solution Loans can find you the cheapest deals instantly? It’s simple to see why using our comparison service makes sense:

  • We’re free to use and there’s no obligation!
  • We have the widest choice of UK lenders
  • An enquiry typically generates 3 to 4 loan offers (in principle)
  • Our form takes just 60 seconds to complete
  • It’s quick and easy to compare lender offers
  • The same deals as going direct, but quicker!
  • Instantly complete your chosen loan(s)
  • Sign your loan agreement online to get the funds fast

Get Your Loan Choices

How to find GuarantorMyLoan

Office Address:

4th Floor, 25-27 Surrey Street, Norwich, NR1 3NX

Office Hours:

Mon – Fri: 09.00 – 18.00

Sat: 09.00 – 13.00

Important Links:

Company Information

Company Registration is a trading style of Match the Cash Ltd, Acre House, 11-15 William Road, London, NW1 3ER. Company registration number 08667447.

FCA Registration

Match the Cash Ltd is authorised and regulated by the Financial Conduct Authority with firm reference number 718844.

ICO Data Protection Registration

Match the Cash is registered with Information Commissioner, registration number ZA055459.

News about GuarantorMyLoan

When there is news it will appear here.

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.

FAQs about GuarantorMyLoan

Does GuarantorMyLoan need my guarantor to own their home?

Yes. So, if you think your guarantor is likely to be a non-homeowner then when you apply simply specify “non-homeowner” against “probable guarantor” and we’ll find those lenders who can help you. We have more information about non-homeowner guarantors.

Does GuarantorMyLoan charge a variable interest rate?

No, GuarantorMyLoan’s interest rate is fixed for the duration of the loan, which can be up to five years. This is good to know because it means you can budget with confidence. Even if general interest rates rise you won’t suffer from any increase in your monthly repayments.

What is GuarantorMyLoan's APR%?

The APR is fixed at 48.9% regardless of the amount you borrow or the length of time you borrow it for. GuarantorMyLoan’s rate is higher than many other lenders. We work with some lenders who vary the APR so that it is higher for smaller amounts and lower for larger amounts. So, it could be that for smaller loan amounts (say £1,000 or £2,000) GuarantorMyLoans is a reasonable option. Conversely, on larger loans (over £7,500) we could have lenders that offer a lower APR. The lowest APR from any of our lenders in 19.9% for loans of £20,000. If this is of interest then apply here.

How do I repay GuarantorMyLoan?

Repayments are set up using a direct debit and paid on a monthly basis. As a backup a continuous payment authority (CPA) is set up that would be used if your direct debit failed. The amount you repay will be specified by GuarantorMyLoan before you sign any agreement. While you can estimate your repayments using our calculator the GuarantorMyLoan APR is 48.9% rather than our representative 39.9% so be careful when looking at affordability. If your monthly payment fails then Buddy will always get in touch to help resolve the problem.

What if I can't repay GuarantorMyLoan?

As with debt of any kind the first thing to do, if you are beginning to struggle with payments, is to contact GuarantorMyLoan. They will work with you to work out a new payment solution that is affordable. You do need to keep in mind though that you have signed an agreement with GuarantorMyLoan. There is an £11.50 fee for each missed payment. If an alternative payment solution cannot be found or if they cannot contact you then they will contact your guarantor to help settle your account.

How will being a guarantor for a GuarantorMyLoan affect me?

You will be credit checked before any documents are signed as GuarantorMyLoan need to know you are creditworthy. But once the agreement is signed and the borrower starts to make their monthly repayments you should hear nothing from them. However, if the borrower is struggling to make payments and then fails to keep in touch with GuarantorMyLoan or defaults then you will be needed to step in. If you fail to help bring the loan up to date then this will be recorded on your credit file too.

Can my GuarantorMyLoan debt be paid off early?

Yes, GuarantorMyLoan will allow you to pay off your outstanding balance without you incurring any fees. We presume that you may make overpayments on a similar basis even if this does not clear your entire balance. However, there is no explicit information about this on their website. So, if you should suddenly be able to pay off a chunk of your loan then that will save you further interest costs and reduce the overall cost of your loan. We’d always recommend doing this if you can afford it.

How fast can GuarantorMyLoan approve and payout my loan?

GuarantorMyLoan aims to payout your loan the same day your loan application is accepted. The time it takes for your loan acceptance will depend on what if any documentation is required and if your guarantor is accepted. Once your loan is approved the money is transferred to your guarantor’s account who then passes it to you. Money is paid via your guarantor as part of anti-fraud processes.

What's the best way for me to apply to GuarantorMyLoan?

Well, GuarantorMyLoan are not the only lender in town. In fact there are numerous UK guarantor lenders. While they are not yet part of our panel our free enquiry service can tell which of the many lenders we work with could lend to you in principle – and many of these other lenders can offer lower APRs and larger amounts than GuarantorMyLoan. If you want to apply specifically to them please apply direct, but if you’d rather maximise your chances of a guarantor loan then use our enquiry service – no fees, and exactly the same deals as going direct!

Who can be my guarantor for a GuarantorMyLoan loan?

Typically you need to find someone who knows you well enough for them to trust you – this is a form of “trust-based” lending. So with this in mind your ideal guarantor is likely to be: Parents, Brothers & Sisters – Aunts & Uncles – Sons & Daughters – Grandparents – Boyfriend or Girlfriend – Work Colleagues & Friends. Typically lenders like GuarantorMyLoan are not prepared to accept guarantors who are already financially linked to the borrower. For example, if you have a spouse and own assets together (e.g. a house) or indeed have joint debts. Lenders may also reject guarantors if they have joint costs with you (e.g. you live together and share the payment of joint bills).

GuarantorMyLoan also requires your guarantor be a homeowner. If your proposed guarantor doesn’t own their home then simply apply through us and specify this on the enquiry form. We’ll find you lenders who can accept non-homeowner guarantors.


  • 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


rating starrating starrating starrating starrating star

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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