George Banco

APR: 49.7% Representative
Loan amount: £1,000 - £10,000
Repayment duration: 12 - 60 Months
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George Banco customer reviews

4.8 out of 5 from 2050 reviews

excellent service no fuss no hassle

13:03 06-04-2016

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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


Avoid - If I can save one customer from these vultures its worth it

21:12 19-09-2017

Imagevia Smart Money People

I have a loan with George Banco and during my application I was told that I would by repaying weekly as this is when I'm paid. Today I received an email from Ollie Townsend demanding that I pay £280 at the end of the month!!! I can't believe they are allowed to operate. This has been set in place since I took out the loan. I was behind by three weeks because I've been ill and couldn't get to the bank. My account is now up to date and they want an additional £280 on the 30th! This is outside of the contract I agreed to. I will be complaining to the financial ombudsman. Their customer service is astonishingly poor, they constantly harass my guarantor, and called their employer even though my account is in credit. Please avoid this company. If I can deter one applicant and save them from misery I'll be happy. If you're reading this and you're struggling financially, please try peer-to-peer lending sites. Their interest rates are fairer and will save you in the long run. Good luck

J Preston

Great personal service from George Banco

19:21 29-06-2017

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Treated by George Banco as a personal. great service and looked after superbly

Rich Sunman

Great inclusive lender. Personal service which was friendly and professional

19:19 29-06-2017

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Brilliant customer service from application to getting my money. They treated me as an individual and assessed my own circumstances. Even spoke with Marc the MD who helped me complete the application - much better than a bank - in fact a Banco!

Rich Sunman

excellent service

16:24 28-06-2017

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They have an amazing customer service team

Andrea Davies

excellent service

16:21 28-06-2017

Imagevia Smart Money People

Every time I've had to speak to them on the phone they have been amazing in helping me. They also keep me regularly updated on my account

Andrea Davies

Good help.friendly

09:48 12-05-2017

Imagevia Smart Money People

Good help. Great customer service.and happy with their services


Our review of George Banco

Our review by Alex
Written by: Alex
Consumer sentiment


George Banco were founded in 2013 and have become a well-known guarantor lender in the market. If you don't know what a guarantor loan is, have a read of our guide all about guarantor loans.

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

Minimum criteria

  • 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

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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.

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Product data last updated: 11:05am 22/1/2018
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