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    Complete our simple 60 second application form to get the loan you want today.

     

    PERSONAL

    Loans

    N Whole of Market panel
    N Trusted panel of lenders
    N From £1,000 to £25,000
    N Rates from 5.7% to 278%
    N 3-36 month repayment

     

    SHORT TERM

    Loans

    N Online decision
    N Responsible lenders
    N Borrow up to £3,000
    N Rates from 278% to 1576%
    N 3-12 month repayment

    Representative Example: Cash price £7,500. Deposit £0.00. Total amount of credit £7,500.00.

    60 monthly repayments of £137.22 Total charge for credit £733.20. Total amount payable £8,233.20. Interest rate 3.8% fixed. 3.8%APR Representative.

    We are a Credit Broker and not a Lender

    Guarantor Loans with Low APR


    Future Finance

    • Guarantor Qualifications
    • Guarantor must be a homeowner, or a tenant with a good credit history
    • Aged 20 to 70 years old.
    • Loan Amount -Minimum of £1,000 Maximum of £40,000
    • Loan Term – 1 year up to 10 years
    • Representative APR – 11.2% APR variable
      Representative Example: Representative rate is 11.2% APR (variable) so if you let’s say borrow £4,500 over 10 years and 5 months at a rate of 11.1% during studying and 9.1% after graduation (variable), plus a 6.5% set up fee you will normally repay 5 payments of £30 per month, until 3 months after your graduation; 119 payments of £61.90 per month and 1 payment of £61.50 per month a total of £7577.60 in total

    Guarantor My Loan Homeowner Loan

    • Guarantor Qualifications
    • Guarantor must be a homeowner with a stable income
    • Aged 21 to 75 years old
    • Loan Amount – Minimum of £1,000 Maximum of £10,000
    • Loan Term – 1 year up to 5 years
    • Representative APR – 29% APR £1,000 – £10,000
      Representative Example: The representative rate is 29% (fixed) so if you borrowed £3,000 over 3 years at a rate of 10% p.a. (fixed) plus the service fee of 15.74% p.a. you will repay £120.46 per month and a total of £4,366.44 in totalLendFair Ltd Guarantor Loan
    • Guarantor Qualifications
    • Guarantor must be a homeowner, or a tenant with at least an average credit history
    • Aged 18 to 75 years old.
    • Loan Amount – Minimum of £1,000 Maximum of £10,000
    • Loan term – 1 year up to 5 years
    • Representative APR – 29.9% APR £1,000 to £10,000
      Representative Example: The representative rate is 29.9% APR (fixed) so if you borrow an amount of £3,500 over a period of 4 years at a rate of 29.9% p.a (fixed) you will repay £118.86 per month and a total of £5,705.28 in total

    UK Credit Guarantor Loan

      • Guarantor Qualifications
      • Guarantor must be a homeowner
      • Aged 21 to 70 years old.
      • Loan Amount – Minimum of £1,000 Maximum of £10,000
      • Loan term – 1 year to 5 years
      • Representative APR – 38.9% APR £4,000 to £4,999
        Representative Example: The representative rate is 38.9% APR (fixed) so if you borrow an amount of £4,500 over a term period of 3 years at a rate of 33.3% p.a (fixed) you will repay £199.26 per month and a total amount of £7,173.36 in total

        Suco Guarantor Loan

         

      • Guarantor Qualifications
      • Guarantor must be a homeowner
      • Aged 18 to 78 years old
      • Loan Amount -Minimum of £1,000 Maximum of £15,000
      • Loan term -4 years to 5 years
      • Representative APR – 39.9% APR £6,500 to £7,999

    Representative Example: The representative APR is 39.9% APR (fixed) so if you borrow an amount of £8,000 over a period of 5 years at a rate of 39.9% p.a. (fixed) you will repay £279.20 per month an a total amount of £16,752.00 in total

    Trusttwo Guarantor Loan

    • Guarantor Qualifications
    • Guarantor can be a homeowner or a tenant
    • Aged 25 to 74 years old.
    • Loan Amount -Minimum of£1,000 Maximum of £7,500
    • Loan term – 1 year to 5 years
    • Representative APR – 43.8% APR £3,000 to £7,500

    Representative Example: The representative rate is 43.8% APR (variable) so if you borrow an amount of £4,000 over a period of 3 years at a rate of 36.9% p.a (variable) you will repay £185.27 per month and a total amount of £6,669.72 in total


    Guarantor Loans: Finding One with Low APR

    Individuals need loans for various purposes – home improvement, tuition fees, vehicle financing, and others; and guarantor loans instant decision give the opportunity of a loan to those with a less than perfect credit history.

    Interest does not stand for the total cost of the loan that you will have to pay off – the term Representative APR does. Interest rate only just states the rate of interest being charges, but does not take into account any other fees or costs over the course of the loan. However Representative APR takes these other charges into account.

    So let’s say you borrow $20,000. The first lender that you approached offers Representative APR of 39% and the second lender is 41%. This means that you will save 2% of $20,000 with the second lender. That’s a lot of savings, right? But how should you find the lender that provides lower APR? Below are steps that you can follow:

    Step #1: Know your credit score
    This is the initial step that you should take before you search for lenders. Your credit rating is a way to determine your creditworthiness. Lenders will check your credit history and base their decision on your loan application. If your credit score is low, this does not always mean denial. But this may oblige them to charge you with larger interest rates and fees thus increasing the usual APR being charged.

    To check your credit score, you can go to ClearScore.com and get free credit report from three major reporting agencies. If your credit score is low, you may consider postponing your plan to borrow money (if possible) until you are able to pay off some of your debts thereby enhancing your credit score and consequently helping you get better interest rate and APR for your loan.

    Step #2: Look for lending companies online
    Search for a number of lenders online. Check their sites and see if these are designed professionally – this is your first step toward checking its integrity. See if they have contact number so you can call and address so you can look in the office. Begin your inquiry. Contact them one by one. List the businesses that you find attractive in terms of interest rate, payment terms, eligibility qualifications, customer service, and most important APR.

    Step #3: Ask for referrals
    Ask some friends, relatives, and co-workers if they have had tried for guaranteed loans before and which lending companies were these. Inquire about the APR. If they can’t provide you any idea about this, ask about the amount of money they borrowed and they paid each month. Multiply the monthly payment by 12 and you will somehow obtain an idea of how much had been added on top of the amount loaned. Choose which lenders interest you. Call them and inquire.

    Step #4: Compare APRs
    With all the aspects that you get from your questions, you can begin comparing APRs. Choose the lender that gives you the lowest APR for your guarantor loan.

    How do guarantor loans work?
    Generally speaking, parents helping their children when buying a house often fulfill this loan structure. They act as the guarantor for your home loan. This system is a good way to get into the market sooner and once part of the loan has been paid off, or the property has risen in value, then you can apply to eliminate the guarantee.

    Benefits of a guarantor loan
    The simplest one is, no deposit is needed!
    Receive discounted interest rates
    Save money with no LMI premium
    Consolidate minor debts
    Limit the size of the guarantee

    Don’t have or want a guarantor?

    If you have decided you would prefer not to use one, or have trouble finding someone that will fill the space for you then don’t worry. If you want a finance plan as quickly as possible because of unsuspecting troubles then visit our loans instant decision page for a fast and simple application.

    What is my borrowing capacity?
    Depending on whether you’re refinancing, a first home buyer, in construction, an investor or debt consolidation the guarantor loan will vary. Generally, it is between 100% and 110% of the loan value that can be borrowed. Lenders generally will only let first home buyers to set up a guarantor loan, however we know the ins and outs of different lenders therefore if you’re a divorcee or have had an illness forcing you to sell, and are looking to buy, speak to our team.

    What is the most I can borrow?
    The maximum you can borrow is usually 105%, yet if you have debts to secure you can go up to 110%. In the past, lenders allowed up to 120% with a guarantor loan, however this is no longer available.
    Often, many lenders require that you hold at least 5% of the purchase price in savings then others do not have a distinct policy in regards to this.

    What can I do if I wish to complain?

    Information about complaints can be found in our complaints policy.

    What if I can’t keep up my repayments?

    If you can’t keep up with your repayments you must contact your moneylender immediately and advise your struggling with the monthly installments some companies will adjust your monthly installments to reflect what you can afford to pay back on a monthly basis please note that this can also extend your term of the agreement and probably the amount of interest that you end up paying back. You’re never advised to just stop paying your agreement as this may result in interest being charged on the agreement and missed payments showing on your file this could make obtaining further down the line a lot more difficult.

    What do i do next?

    Next is the fun bit you need to click on the apply button and fill out our simple online form designed to make sure the whole application as smooth and pain free as possible. The whole application process from start to finished shouldnt take you longer that 3 minutes its as simple as you can get.

    *Subject to lender approval and requirements.