TFS Loans

  • Borrow £2,000 to £15,000
  • Interest rates from 29.9%
  • Homeowners & tenants
  • Rates are fixed
  • No Fees at all
  • Easy to repay early
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TFS Loans logo

About TFS Loans

TFS Loans has been operating in the guarantor loans market since around 2010. They often worked through introducers but having secured extra funding they are now very much in the guarantor loans market on their own terms and with strong ambitions. They are constantly improving their application processes and investing in the technology to ensure that they can deliver a high-quality service. TFS Loans are growing rapidly and they have already become one of the major guarantor loan lenders.

In 2019 they negotiated new funding lines that have allowed them to offer non-homeowner guarantor loans for the first time. They now offer three products, described below, that range in price from 29.9% to 49.9% APR (fixed).

Loan Summary:

“Tenant” product

Neither the applicant nor the guarantor needs to own their home.

Representative APR Loan Term (months) Loan Amount (£)
49.9% 24 – 48 2,000 – 5,000


“Homeowner” product

The guarantor must be a homeowner.

Representative APR Loan Term (months) Loan Amount (£)
44.9% 24 – 60 2,000 – 10,000


“Prime” product

Both the applicant and guarantor must own their home. But this enables the applicant to get the lowest rate and also borrow up to £15,000.

Representative APR Loan Term (months) Loan Amount (£)
29.9% 24 – 60 5,000 – 15,000


Lender Ratings:

TFS Loans scores 4.7 out of 5 based on 100 reviews on Feefo. This score puts TFS Loans in the middle of the guarantor lender rating spectrum. They have also won a number of awards for their service and business excellence. Rate and review them now.

Compare TFS to Other Lenders

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


  • They offer the largest guarantor loan of all lenders – £20,000 (although both the borrower and guarantor must be homeowners).
  • The online application process is relatively fast.


  • The “prime” product is not as competitively priced as the similar product from UK Credit.

TFS Loans’ representative APR is 44.9%, 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 TFS’s at a lower rate.

TFS’s Representative Example

Borrow £5,000 for 36 months. Representative 44.9% APR fixed. Monthly payment £223.60. Interest payable £3,049.60. Total repayable £8,049.60.

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!
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  • An enquiry typically generates 3 to 4 loan offers (in principle)
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  • The same deals as going direct, but quicker!
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  • Sign your loan agreement online to get the funds fast

Get Your Loan Choices

How to find TFS Loans

Office Address:

Brook House, 26 Brook Road, Rayleigh, Essex, SS6 7XJ

Office Hours:

Mon – Thu: 09.00 – 18.00

Fri: 09.00 – 17.00

Important Links:

Company Information

Company Registration

TFS Loans Ltd, Broom House, 39-43 London Road, Hadleigh, Essex, SS7 2QL. Company registration number 06542065.

FCA Registration

TFS Loans is authorised and regulated by the Financial Conduct Authority with firm reference number 724439.

ICO Data Protection Registration

TFS Loans is registered with Information Commissioner, registration number Z2072584.

News about TFS

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 TFS

Does TFS Loans need my guarantor to own their home?

It depends on the amount you want to borrow. Refer to the product tables at the top for clarity. For smaller loans of up to £5,000, your guarantor does not have to own their home.

Does TFS charge a variable interest rate?

No, TFS Loans’ 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 TFS Loans' APR%?

TFS’s rates move on a sliding scale – the more you borrow the lower the rate you will pay. But also depends though on whether you and your guarantor are homeowners. Beyond £5,000 your guarantor must be a homeowner but the APR falls from 49.9% to 44.9%. Then beyond £10,000, you must also be a homeowner and the APR reduces to 29.9%.

How do I repay TFS Loans?

Repayments are set up using a direct debit and paid on a monthly basis. You can also make one-off payments. The monthly amount you repay will be specified by TFS before you sign any agreement.

What if I can't repay my TFS loan?

As with debt of any kind the first thing to do, if you are beginning to struggle with payments, is to contact TFS. They are duty-bound to help look at alternative ways to ease your repayments and make them affordable. You do need to keep in mind though that you have signed an agreement with TFS. If they cannot contact you then they will contact your guarantor to help settle your account.

How will being a guarantor for a TFS loan affect me?

The search of your credit file done by TFS as part of the application process will remain on your credit file for 12 months. This will affect your credit score for this short period. Once the credit agreement is signed and the borrower starts to make their monthly repayments you should hear nothing from TFS Loans. However, if the borrower is struggling to make payments and then fails to keep in touch with TFS 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 TFS loan be paid off early?

You can make one-off payments with no penalty. Ordinarily, these additional payments will go to shorten your loan rather than reduce future monthly payments. If you want to reduce the interest and therefore future monthly payments your extra payments must be larger than £500. If you want to pay off the entire loan early be aware that you may incur a charge of up to 58 days interest. You should contact TFS to obtain a final settlement figure before committing to early repayment. In spite of this, we’d always recommend you look to pay off any debt as quickly as you can to reduce the overall interest cost.

What's the best way for me to get a TFS loan?

Well, TFS Loans are not the only lender in town. In fact, there are numerous UK guarantor lenders. Our free enquiry service can tell which of the many lenders we work with could lend to you in principle – and some of these other lenders may offer lower APRs than TFS Loans for any given loan value. If you want to 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 TFS loan?

Typically you need to find someone who knows you well enough for them to trust you – this is 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 TFS Loans aren’t 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).

As previously mentioned some of TFS’s products need your guarantor to own their home.


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Written/Reviewed by: Amanda Gillam

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