Apply to Borrow from £1000 to £10,000*

We Cater For All Types Of Credit History So Dont Worry If You Have Poor Credit! We Can Find A Solution For You! Our Application Process Only Takes Two Minutes From Start To Finish!
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  • Bad Credit

Personal

Guarantor

Loans

N Whole of Market panel
N Trusted panel of lenders
N From £1,000 to £10,000*
N Rates from 49.7% APR
N 12-60 month repayment

Short Term

Guarantor

Loans

N Online decision
N Responsible lenders
N Borrow up to £1,000
N Rates from 49.7% APR
N 1-12 month repayment

Representative example: £500 borrowed for 5 months. Total amount repayable is £991.85 in 5 monthly instalments of £198.37. Interest charged is £491.85, interest rate 236.1% pa (variable). Representative 482.6% APR.

Guarantor Loans up to £15,000

Guarantor loans offer an effective way to borrow up to £15,000 with the help of a guarantor to co-sign your loan agreement. Commonly used for people with less than perfect credit scores, you are able to leverage the good credit rating and profile of your guarantor and get the loan you need.

For the guarantor, they get the satisfaction knowing that they have helped someone close to them to get access to funds – and the borrower also gets the opportunity to demonstrate their creditworthiness and can improve their credit score if they can consistently make payments on time each month.

Customers are able to borrow over 12 to 60 months, repaid in equal monthly instalments, with most lenders charging in the region of 39.9% to 59.9% APR, making it a more affordable and viable alternative to payday loans.

UnsecuredLoans4u works with some of the best guarantor lenders in the UK, with options available to bad credit histories, homeowners and tenant guarantor loans. Simply click on apply now or use our table to compare guarantor loans and click through to the lender which suits your requirements.

What Are The Key Features? 

  • Borrow £500 to £15,000
  • Repaid over 12 to 60 Months
  • Rates vary between 39.9% and 59.9% APR
  • Need a guarantor to co-sign your loan agreement
  • Guarantor should have a good credit rating to boost approval
  • Homeowner guarantors will maximise approval
  • Repaying on time can improve borrower’s credit score
  • Option to repay early

Are Guarantor Loans Available for People with Bad Credit? 

Yes, guarantor loans are often used by people looking for bad credit loans, recent CCJs or even young people with no credit ratings. For the millions of Britons that are turned down by banks for mainstream finance, guarantor loans allow you to get the funds you need, using an extra person with a good status to guarantee and ‘back up’ your loan.

In the event that you are unable to repay your loan, your guarantor will be required to make repayments on your behalf. For the lender, this gives a lot of confidence that they will be able to recover their funds, hence they are able to offer loans to people with adverse credit ratings.

For young people who have no built up any credit history yet, it can also be very difficult to get accepted for personal loans, whether it is unsecured loans or business loans. However, using a guarantor provides that extra security and trust to your application and it is a source of finance commonly used by young people in the UK.

What is The Criteria for a Guarantor Loan? 

  • Borrower must be over 18
  • Borrow must be employed and have a regular income
  • Guarantor must be over 25, but less than 75
  • Guarantor must co-sign loan agreement
  • Guarantor should have good credit rating and regular income
  • Both parties must be UK residents
  • Both parties must have working mobile phone and email addresses
  • Both parties must have working debit accounts

What Information Do I Need to Provide for a Guarantor Loan? 

Applying for a guarantor loan starts with a very simple online application where you are asked to provide details including your name, age, residential address, employment, income, expenses and bank account details.

You will also be required to enter some basic details about your guarantor (and make sure that you have asked for their permission beforehand).

Upon the completion of your application, the guarantor lender will get in touch with both parties to confirm a few details and the responsibilities involved. Notably, to discuss the role of the guarantor’s involvement in the loan agreement and their duty to make repayments if the main borrower defaults.

Both parties will need to co-sign a loan agreement which highlights the key terms of the loan including the amount, duration, fees and repayment terms. All loan agreements are completed electronically, so there is no paperwork involved.

Depending on the application, some lenders may request proof of income, residence and a recent bank statement from both parties.

The Lenders List – Rates, Reviews How to Apply All In One Place

Loan amount

 

£500 – £10,000

 

Loan term

 

12-60 Months

 

CUSTOMERSCORES

Excellent

Apply Now

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Loan amount

 

£1000 – £15000

 

Loan term

 

12-48 Months

 

CUSTOMERSCORES

Fast Payout

Apply Now

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Loan amount

 

£1000 – £10000

 

Loan term

 

06-36 Months

 

CUSTOMERSCORES

Excellent Customer Service

Apply Now

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Loan amount

 

£1000 – £10000

 

Loan term

 

12-60 Months

 

CUSTOMERSCORES

Simple Process

Apply Now

Show More ▼

Lender Reviews

5 most recent personal loan reviews

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Amigo Loans – Had the loan accepted within 2 hours of

Had the loan accepted within 2 hours of application. Money in the next day. Brilliant

Review posted by Charlie

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Amigo Loans – Happy

Everything was done very satisfactory i was impressed how pleasant you was Thanks

Review posted by Louise

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Amigo Loans – EXCELLENT CUSTOMER SERVICE

EXCELLENT CUSTOMER SERVICE. VERY EFFICIENT AND QUICK TO RESPOND.

Review posted by Beauty Gowero

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Amigo Loans – Quality of service provided

The company is easy to approach and deal with, and has provided us with a positive and prompt service.

Review posted by Gram

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money