Guarantor Loans.

Apply now and get an instant decision for loans up to £15,000. Compare guarantor lenders that have accepted your application.



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Representative 49.7% APR (variable). Representative Example: If you borrow £2,600.00 over 36 months at a Representative rate of 49.7% APR and an annual interest rate of 41.00% (fixed), you would pay 36 monthly installments of £126.61. The total charge for credit will be £1,957.89 and the total amount payable will be £4,557.89.

Compare Guarantor loans

Choose Wisely has 1000's of customer reviews and in-depth information about guarantor lenders in the UK. Simply choose how much you wish to borrow and how long for using our calculator provided and enter a little more information about yourself and we will provide you with a list of lenders most likely to accept your application.

Guarantor loans allow you to borrow between £500 to £15,000 repaid over 12 to 60 months. This type of finance is commonly used by those with bad credit or no credit and allows you to add an extra person you know to be your 'guarantor' who agrees to cover repayments if you cannot.

For the lender, this gives them peace of mind knowing that if you default on payments, there is someone else that can come in and cover payments for you.

You will need to find someone you know to co-sign your loan agreement and ideally, this needs to be someone with a good credit score, homeowner status and income since this adds a lot of credibility to your application. Completing the loan agreement with one of our partnered lenders only takes a few minutes. Subject to further checks, guarantor loans can be funded in 24 to 48 hours.

What is the criteria for guarantor loans?

  • Be Over 18
  • UK resident
  • Not bankrupt or on an Individual Voluntary Arrangement
  • Have a debit account
  • Employed and able to afford monthly repayments

Who could be my guarantor?

The most successful guarantors are parents, siblings, spouses and close friends. Your guarantor should be someone that you know and who you can speak openly to about your finances. You may also need someone with a little bit of disposable income in case they have to make any payments on your behalf.

One of the main factors to be approved is having a good quality guarantor – and this means someone with a good credit rating, is employed and earning a stable income and ideally owns a property in the UK. This is based on the idea that if a guarantor has a mortgage then they have likely demonstrated their creditworthiness in the past and will also be easier to contact if they live in a property that they own.

Guarantor loans companies will also consider those guarantors that are 'non homeowners' such as tenants and living with friends or parents, however, the rate charged may be a little higher.

How do repayments work for guarantor loans?

Guarantor loans are repaid over 12 to 60 months in equal monthly instalments. Your guarantor will only be called upon to repay if the lender has not been able to collect from your account for some time. Approaching your guarantor is usually only used as a last resort.

Payments are collected using an automated process known as continuous payment authority. This tokenises your debit card upon approval and simply collects the agreed amount every month on the schedule pay date. Therefore, you do not need to call up each month or make a manual repayment through your online banking, as this is all taken care of by the lender.

Apply for a guarantor loan today!

Choose Wisely work with the best guarantor lenders in the UK and our application form only takes a few minutes to be completed. We will pair you up with the lenders most likely to approve your application and there will be a few lenders to choose from, allowing you to compare guarantor loans effectively from 39.9% to 49.9% representative APR.

We only work with direct lenders and your information will not be passed onto different companies without your permission. It is completely free to use our loan application service and your information is fully secure.

Get Accepted

Apply now and get an instant decision for loans up to £15,000.