Borrow £100 to £25,000*


  • 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 Non Homeowners: Just the Solution you need

Given the present financial climate, many lenders have started to drift towards prioritizing secured loans to cut down the risk that they are exposed to. This is a way out for anyone who is in a situation to offer security against the balance of the loan but where does it allow people who are non-homeowners? If your credit rating is less than ideal, you may find that a guarantor loan can be a great choice to a more risky secured loan and may even produce your only affordable alternative. Offering the ability to borrow up to £12,000 over 1 to 7 years and the APR, although substantially higher than the High Street standard, is considerably lower than nearly all other current forms of ‘bad credit loan’ such as a payday loan.
It is necessary to fully consider the implications of taking out a loan because even though the interest rates are manageable, you really must enter into the agreement that you are considering to solve a complicated financial condition rather than just push it further down the road.

Can You Get Non-Homeowner Guarantor Loans

With financial organizations looking to decrease their exposure when it comes to lending, what happens if you are not a homeowner and therefore unable to apply for a secured loan? There are a small number of options still available to non-homeowners but the most popular and powerful are guarantor loans non homeowner under 25. An alternative if you are unable to get a guarantor, we understand that not everyone has friends or family in the position to fill the guarantor space, is our bad credit personal loans guaranteed approval no credit check. Meaning that you can get the financing you are looking for without the stress of putting your financial troubles on someone else.

How Do Guarantor Loans Work?

Guarantor loans have a distinct and unique requirement linked to them which states that to be successful in your application, it is imperative that you have a friend, family member (not spouse), colleague or someone who you know very well and who is prepared to guarantee your loan repayments. Because of this, the question of whether you presently own a property, or even the current state of your credit rating becomes irrelevant and thus a successful application becomes much simpler. An important associated benefit regarding guarantor loans is that if all of the lender’s criteria are provided by both the borrower and the guarantor, the vast majority of lenders will pay out within 24 hours of receiving the application. For anybody in need of a swift influx of funds, this guarantees that guarantor loans can offer the perfect solution.

Does my Loan Guarantor Needs to be a Homeowner?

When applying for guarantor loans, the lender will demand the loan guarantor to meet a number of criteria, the first and most significant being that your guarantor has a fairly good credit history. If this is the case, then you will have taken an important step along the road to borrowing the money that you need. The triumph of your application is not conditional on your guarantor being a homeowner unless you need to borrow over £5000. So for typical guarantor loans in the range of £3000 to £4000 we have lenders who will gladly accept non homeowners as guarantors. Any guarantor, whether a homeowner or not, will need to have evidence of income and have a clean credit file. Because guarantor loans are unsecured loans, the vexing question is often asked why the guarantor may need to own a property? The answer to this is not a matter of security but it is to ensure that the lender can immediately trace and contact the guarantor in the event that the borrower neglects to keep up with repayments.

What Steps Do I take to apply for a Guarantor Loan?

The initial step in applying for a guarantor loan is to fill out an application form with us. Once you have finished this step, it will allow us to get the very best arrangement for you from our large panel of lenders. The application method has been worked out to provide an instant decision in principle and likely will be able to provide you with the money that you need in less than 24 hours depending on the amount for which you are applying
Finding someone who is inclined to back your application if you default on payments can be difficult. Ultimately, it will be the guarantor who is responsible for the loan so choosing someone who fully comprehends their potential liabilities is crucial. Close friends and family members are often popular choices. Choosing a guarantor loan also offers associated benefits and can assist you to build up your credit rating, or for those who are not homeowners as they do not need property to be secured on.

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.