Borrow £100 to £25,000*

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  • Bad Credit Accepted
  • Fast Payout
  • No Fees
  • Secure Application

Short Term Guarantor Loans

£100 – £1,000


N Online decision
N Responsible lenders
N Rates from 278% to 1576% APR*
N 3-12 month repayment

Personal Guarantor Loans

£1,000 – £25,000


N Whole of Market panel
N Trusted panel of lenders
N Rates from 5.7% to 278% APR*
N 3-36 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 238.1% pa (variable). Representative 481.6% APR.

ccta and fca registered lender

Guarantor Loans for £20,000

Key Features

  • When looking to borrow large amounts such as £20k a guarantor may be required.
  • Your application is more likely to be accepted with the presence of a guarantor.
  • There are now lending options available for those with bad credit scores.

When you’re seriously trying to save up a deposit for a house or your business and just see the prices of property climbing and climbing, it’s tough to remain patient. But there is another method: guarantor loans 20000 can serve. If you don’t have a significant deposit for a house or business loan, there are still a number of ways to obtain credit.

The survey, which reviewed 850 small and medium-sized businesses, pointed out that when allocating funds for their business, 42% of business owners used their own savings and 24% received capital from family and friends. A third of those interviewed spoke of the responsibility of accessing mainstream finance and that banks were not ‘business-friendly’. For this reason, it is no wonder that more entrepreneurs and business owners are seeking for alternative finance to raise money for their business and this consists of the common rise in guarantor lending.


Borrow anything from £100 to £25,000 today.
Quick online application takes minutes.


What is a guarantor loan and how does it work?

A guarantor loan is straightforward. The main borrower applies (business owner) and they need an additional person they know to be part of the application (the guarantor). This additional individual is usually a close family member such as a spouse, parent or sibling and they agree to ‘guarantee’ any losses – so if the individual is unable to keep up with loan repayments, the guarantor can step in and pay on their behalf.

This kind of finance is especially interesting to those with bad credit histories. Provided they have a guarantor with an excellent credit score and are ideally a homeowner, they can get the finance they need to back their business.
Furthermore, if the borrower repays their loan on time each month, the information is sent to the credit reference agencies and over time will cause the individual’s credit score to increase. So from the point of the guarantor, they can help the person get the funding they need and also restore their credit for future borrowing.
Terms of the loan

Customers are qualified to borrow up to £15,000 which is paid back in equal monthly installments over 12 to 60 months. By having a loan term that can last up to five years, it gives out the business owner some real flexibility to pay back their loan. Plus, if they find that they are in a stronger financial position and their business is growing, they are able to repay early and making a tremendous saving on the interest payable.

The average cost of a guarantor loan ranges from 39.9% to 49.9% representative APR depending on the lender. The rate advertised is ‘representative’ meaning that it is what will be given to at least 51% of outstanding applicants and works out to around 0.1% per day.


Where does the funding go for a new business?

Start-up costs: This consists of the basic things you need to get your business going such as an office or premises, computers, desks and any specialist equipment you need to maintain your service. Legal fees and insurance: In order to operate legitimately in your industry, you may require some legal structure and authorisation and also some basic insurance to carry out your business activity.

Accounts receivable and payable: For many small businesses, there is a difference between cash coming in and cash going out – and sometimes you need the initial finance to cover your deficiency in cash flow. Common for restaurants, caterers and contractors, having some money in between invoices can be very useful.
Staff costs: Whether you have staff members part-time or full-time, having an extra pair of hands to start your business can be the exception between getting it off the ground.Emergency costs: For any possible emergencies such as broken equipment, it can be helpful to have an expert to cover any unexpected costs.Guarantor loans are a good way to increase your chances of being approved for a loan if you’ve got a poor credit score or no credit score at all.

When you’ve got a bad credit score, it’s easy to hold off on the decision to buy that car or book that dream holiday because you think that you won’t be accepted to borrow money.

However, guarantor loans have been designed with individuals like you in mind. They make it much more likely that you’ll be taken to borrow money and – because repaying monthly payments on time can help steadily improve your credit score – more likely that you’ll be allowed for a standard unsecured personal loan or credit card in the future.


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More £20,000 Loan FAQs


Can I apply for £20,000 loans with a guarantor?

Yes. Nowadays, there are various lenders that will be willing to provide loans for larger amounts if you’re able to supply a reliable guarantor. However, your application will still be subject to terms and conditions pertaining to your income levels and expenses.

When will my application be approved?

In most situations, you will receive approval for a loan on the same day you apply for it. This enables you to know almost immediately whether your application has been successful or not.

Do I apply online?

Yes. The entire loan application process will be performed online, meaning that it has become more convenient than ever to apply for emergency funds. You will be required to provide some basic personal information and data pertaining to your employment situation and expenses.

Can unemployed individuals apply?

Yes they can. If you are currently between jobs or you receive regular and consistent benefit payments, a number of lenders will now be willing to assist you with the extra cash you need. Terms and conditions may sometimes apply to your application in cases like these though.

What can I use my loan for?

After the funds have been deposited into your bank account, you will be allowed to use them in any way you like. This can include repaying other smaller debts, covering the cost of your child’s school trip, paying for urgent car or home repairs or even to purchase groceries to see you through until you receive your next salary.