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.

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Guarantor Loans with No Age Limit

Key Features

  • There are many guarantor loans available with no upper age limit nowadays.
  • Some UK direct lenders can lend to people ages 18 to over 80 years old.
  • Bad credit is also considered when looking to lend to any age range.

If your account history isn’t as good as you’d like and you’re looking forward to taking out a loan, you may be thinking of a guarantor loan as the answer. But what are they and how do they work? On this page we take a closer look at guarantor loans with no age limit and what you need to know when you take one out.

Joint agreement

A guarantor loan isn’t a joint credit agreement – like a mortgage you take out together – but it’s worth treating it in a similar way. That’s because if you don’t keep up with your repayments, the individual acting as guarantor is responsible to take over. It’s vitally important both you and your guarantor are clear about this before you sign the agreement. If you default on the loan and then your guarantor can’t afford to take over, the lender can take legal action against both of you – even though the guarantor hasn’t actually received a penny of the loan you took out. So, now you know the main risk, how exactly does a guarantor loan work?


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Skip the credit check?

Guarantor loans can come up as an option for borrowers with a less-than-perfect credit history. If you have taken out a loan, credit card, store card or any other form of credit in the past and then been late making your payments – or missed them altogether – this leaves a mark on your credit history. When you apply for new credit, lenders can check your credit history and if they see this, they may choose to turn down your application on the ground that you don’t look like a reliable borrower. With a guarantor loan, it can be permissible to bypass this credit check as the lender has the security of the guarantor to fall back on. So, if you don’t make the payments on the loan they can chase the guarantor for the money instead.


Who can be a guarantor for unsecured loans?

You can call for a family member, friend or colleague to guarantee your loan – the choice is yours. However, they will be credit checked by the lender, so you’ll need to be sure they have a good credit history. And you can’t ask your spouse, as it’s likely that you’ll already have financial ties with them. While you can ask almost anyone to be your guarantor, that doesn’t mean you should. Instead, you should thoroughly consider who has a close enough relationship to you to be ready to shoulder the burden of your loan repayments if you can’t. Keep in mind that the interest charged for a guarantor loan can be quite a bit higher than that on a personal loan, so the payments your guarantor would probably have to make could be substantial. Before you sign up, make sure you are both fully informed of the terms and conditions. And keep in mind that if you default on your loan and your guarantor is required to take over, not only will your credit history be affected but your relationship could be too.


Have you been asked to be a guarantor?

Maybe you’re not thinking of taking out a guarantor loan but you’ve been asked to act as guarantor on one for somebody you know. As we’ve said, this is a big responsibility and you need to be certain you can afford the repayments just in case you have to take over. A guarantor loan taken out by somebody else will not show up on your credit history presenting the borrower makes their repayments on time. However, if they default, this could show up, and if the lender takes any legal action against them, this could leave a mark too. And of course, if you are then unfit to take over doing the payments and the lender takes action against you, such as applying for a county court judgement, this too would show up on your credit history. This could make it hard for you to borrow in the future.


What are the options?

It’s right to be wary of taking out a guarantor loan, but it can be a fit solution for some borrowers. There are options available, though. A personal loan provider who specializes in borrowers with a poor credit history could be one option.
Payday loans could also be an option, although they are a short term solution for small amounts. They have received a fair bit of negative advertising in the past few years, but the interest these lenders can charge has been capped. Some payday lenders also allow you to pay off the debt in instalments, which can make this type of loan easier to manage than was once the case. However, the interest charged on these loans is still relatively costly. If you are looking for low interest rates for a large amount or an extended period then a long term loan may be the right one for you

Whatever your needs, we can help you. Using our simple and quick online form we will find the loan that best suits your individual circumstances to make sure that you get the financing that you need. If you’ve decided a guarantor is the right root for you to take then you can follow the link Here. Alternatively if you have concluded that a guarantor is not the right solution for you then follow the link above to go to the personal loan page. Both are quick and easy and will ease whatever stresses you may have about finance.


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More No Age Limit Guarantor Loan FAQs


Must I pay loan application fees?

No. When applying for any guarantor loans with no age limit, you should never have to pay any form of upfront or loan application fees. Reputable lenders will not charge you an application fee – instead, you will pay interest on the amount of money you borrow.

Can I apply if I’m blacklisted

You most definitely can still apply in a case like this because many lenders are now willing to assist blacklisted individuals with guarantor loans that have no upper age limit. Each lender will have different criteria that must be met in this regard though.

How quickly must my loan be repaid?

The amount of time that will be given for you to repay your loan will depend on the amount of money you borrow and the type of loan you have applied for. For example, payday loans usually need to be repaid within a week or two to a month or two at the most, whereas loans for larger sums of money can be repaid over longer timeframes.

Do penalties apply for late payments?

Yes. If any of your loan instalments are repaid late, additional interest and/or penalty fees will be charged on your original loan amount. If left unchecked, you will struggle to repay the loan because of the additional penalties. Always ensure that there is enough money in your account for each loan instalment to be deducted on its due date.

Can I borrow as much as I want?

Although many individuals think they will be able to borrow as much as they want from payday lenders, this is not the case. Lenders will take aspects into account such as your current income and the amount of expenses you pay each month before providing you with a loan. As a result, you will need to disclose all income and expenses when applying for guarantor loans with no age limit.