Will lend between: £1,000 - £15,000
Over: 12 - 60 Months
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- Loans for all purposes.
- Bad credit history accepted.
Representative 49.9% APR.
George Banco customer reviews.
4.8 out of 5 stars
I applied a couple of days ago in the morning then had it in my account thesame evenig. friendly staff couldnt ask for a better service thanks guys
Our review of George Banco
George Banco offer similar rates to most other guarantor lenders, however, appear to be incredibly customer-focussed, and position themselves as a lender that can be trusted. They have their 10 Customer Commitments which are the values that they do business by and the positive ways that they treat their customers. Some of them are fairly standard practices for guarantor lenders but for those who don’t know a lot about personal finance, this could put their mind at ease.
They are also very vocal about their TrustPilot reviews and score, which is at a whopping 9.1 out of 10. This is a really positive result for them, however, it does need to be considered that TrustPilot only contact successful applicants, so it’s not a huge surprise that reviewers would have a positive impression of them.
As with other guarantor lenders a degree of caution needs to be exercised when considering this type of loan with George Banco. Guarantor loans are a solution suited to people with a very specific set of circumstances, but if you think you're not going to be able to make your repayments, don't put a friend or family member in the position where they will have to pick up the bill for you.
If you're considering becoming a guarantor for a George Banco loan, it pays to think carefully. If you do decide that you want to help someone out, there may be cheaper ways to do it including lending the money to them yourself or taking out a loan in joint names.
Overall verdict: George Banco are both an unsecured lender and a guarantor lender that come across as a company that actually care about the welfare of their customers. George Banco can, therefore, be worth exploring as an option if you feel a guarantor loan is the best route for you.
- Fast track same day payout
- Customer and regulation focused
- Positive reviews online
- Available to customers with bad credit
- Your guarantor will need to be over 25 years old
- Your guarantor must have good credit history
- Both must not be under an IVA or bankruptcy
- Your guarantor must have a minimum income of £1,000pm after tax
- Both must have a valid UK bank account and debit card
- Maximum APR 49.7%
- Arrangement fee: £0
- Early repayment fee: £0
- Late payment fee: £12
George Banco Customer Question & Answers
About George Banco
George Banco offer personal loans of £1,000 to £5,000 at a representative APR of 61.8% over one to five years. They also offer guarantor loans of £500 to £10,000 that can also be repaid over one to five years, but with a representative APR of 49.7%. As can be expected, their guarantor loans are for customers who may have been turned down for a loan because of their credit history. Although poor credit is accepted, you must not be under IVA or bankruptcy to apply for the loan.
There are a number of criteria that your guarantor must meet for your application to be considered. They need to be over 25, have good credit history (no IVAs or bankruptcy), have a UK bank account and earn a minimum of £1,000 per month through either employment or pension. George Banco will need to look into the credit history of your guarantor to make sure that they can afford the repayments should the original applicant fail to do so.
The loan decision happens in minutes after the application and then loan agreements will be emailed to both the applicant and their guarantor. Once George Banco have received these and processed them the funds will appear in the guarantor’s account within 48 hours.
Registration number: 8804623
The Blue Building, Dairy House Farm, Stubbs Lane, Beckington, Somerset BA11 6TE
Reference No: 729258
Trading names: George Banco, Georgebanco.Com, Bancogeorge.com, Bankofgeorge.Com, Masa Loans
Place of business: The Blue Building, Dairy House Farm, Stubbs Lane, Beckington, Somerset BA11 6TE
Data protection registration
Registration No: ZA016420
Data controller: George Banco Limited
Address: The Blue Building, Dairy House Farm, Stubbs Lane, Beckington, Somerset BA11 6TEApply Now