Guarantor Loans from £3,000 to £15,000

Borrowers must have a Homeowner Guarantor to apply

Guarantor Loans

✓ Borrow from £3,000 to £15,000

✓ Your Guarantor must be a homeowner

✓ 29.9% APR representative fixed

Your Guarantor must be a homeowner to apply
Please select 'Yes' or 'No' to continue.
Total repayable: £
Fixed APR of: %

Why choose UK Credit?

  • Interest rates from 24.9% APR to 39.9% APR
  • Our loan rates are fixed, so payments will not change during the loan term
  • Less than perfect credit history
  • No upfront fees
  • We check that our loans are affordable to both the Borrower and their Guarantor before lending

(the following is based on a homeowning guarantor) 29.9% APR Representative (Fixed) Representative Example: £8,000 over 5 years, representative 29.9% APR fixed. Monthly payment £241.65. Annual interest rate 26.45% fixed. Interest payable £6,499.00. Total repayable £14,499.00.
(the following is based on a homeowning guarantor) 29.9% APR Representative (Fixed) Representative Example: £8,000 over 5 years, representative 29.9% APR fixed. Monthly payment £241.65. Annual interest rate 26.45% fixed. Interest payable £6,499.00. Total repayable £14,499.00.

What is a Guarantor loan?

A Guarantor Loan is a way to borrow money that requires you to have a friend or family member who is willing to become responsible for your debt if you don’t pay it yourself. This person is known as your “guarantor”.

This type of loan can be a good option for anyone struggling to get a personal, or secured loan. By having someone guarantee to cover your payments if you don’t make them, the lender will have less risk of losing money. This means that they may be more likely to let you borrow a larger amount of money, give you a lower interest rate, or lend to you despite a poor or bad credit score.

How do Guarantor Loans work?

In order to get a guarantor loan, you must have someone willing to act as your guarantor. This person must be able to cover your payments if you fail to make them.

Your guarantor will be required to sign a “Guarantee and Indemnity Agreement”, which is a legally binding contract. This means that if you don’t repay the loan, your guarantor will become legally responsible for the debt. Although providing a guarantor gives the lender a type of “security”, most guarantor loans are “unsecured”, which means that neither your or your guarantor’s house is at risk of repossession if the debt remains unpaid.


If the borrower makes the full payment on time until the loan is repaid, the guarantor will not be required to do anything. If they don’t, then the guarantor is asked to step in and make the payments on the borrower’s behalf. The guarantor will always be included in the application process before the loan is paid out, so no one can be made a guarantor without knowing. As an extra safety measure, the lender usually pays the loan into the guarantor’s bank account – they then transfer the money to the borrower.

You can find out more about being a Guarantor by visiting our Being a Guarantor page…

Are Guarantor Loans a good idea?

If you are struggling to get a personal loan or a secured loan, then a guarantor loan may be a good alternative.

A guarantor loan requires you to provide someone who is willing to commit to being legally responsible for your debt if you fail to repay the loan. Providing a guarantor may allow a lender to overlook your previous credit issues, lend you a larger amount of money, or offer you a lower interest rate than some other forms of borrowing.
But remember, just like any loan, you should only borrow money if you can comfortably afford to pay it back. If you fail to repay a loan, it can result in additional costs and interest and have a negative effect on your credit score.

Is my credit score important for a Guarantor Loan?

Yes, but the credit score of the guarantor is also an important factor. You could still get a guarantor loan despite having bad credit, as long as your guarantor has a good credit history.

With an unsecured loan, it is the credit rating of the borrower that is important, because it is the borrower that is legally responsible for the debt. With a guarantor loan, it is the guarantor that is responsible for paying if any instalments are missed. So while the lender will consider your credit history when making a lending decision, and you must be able to afford the loan repayments independently, the credit history of the guarantor and their ability to afford the repayments are important factors which the lender will take into account when deciding whether or not to lend to you.

This means that you may still be able to get a Guarantor Loan despite a poor or short credit history.

Are there any credit issues we can’t help?

Even though we will always try our very best to help you, there are certain credit issues that we cannot overcome.


We will not be able to help anyone that currently, or has in the past twelve months, been:

  • in an Individual Voluntary Arrangement (IVA)
  • in a Debt Management Plan (DMP)
  • subject to a Trust Deed
  • declared bankrupt or discharged from bankruptcy in the last 3

Do I need to own a house to get a Guarantor Loan?

No, you do not need to own a house to get a loan, but your Guarantor must be a homeowner.

Most secured loans use the borrower’s home as security against the money they borrow. This means that you must own a house or property in order to get one. Even though a guarantor loan is not secured against their property, your guarantor must be a homeowner in order to qualify. Owning a home, provides lenders with more security, so they are likely to consider your guarantor as less of a financial risk, and more likely to be able to cover your debt if needed.

If you are a tenant in a rented property or live with your parents or other family members, you can still apply – but make sure that your Guarantor owns their own home first!

Neither your home (if you are a homeowner) nor your Guarantor’s home is at risk.

Who can be a Guarantor for a loan?

A Guarantor is usually either a friend of the Borrower or a family member. Generally, as long as you have known the person for 12 months or more, your relationship with the person is not strictly important, as long as they are happy to be your Guarantor.

At UK Credit we have several specific criteria that Guarantors must meet to be eligible:


Your Guarantor can be:

  • A parent
  • A friend
  • A brother or sister
  • Another family member
  • A colleague

They must be 25 or older at the start of the loan, and 70 or younger at the end of the loan.

Employment status:

Guarantors can be employed, self-employed or retired. They may also be eligible if they are on certain benefits. Give us a call to find out more.


The Guarantor must be a UK resident living in England, Scotland or Wales.


The Guarantor must be a homeowner, either outright or with a mortgage.


Who are Guarantor Loans suitable for?

Guarantor Loans are designed for people that may be struggling to get a personal loan and are unable to qualify for a secured loan.

This type of loan considers the circumstances of both the borrower and the guarantor when you apply. This means that even if you have a poor credit file or even no credit history at all, you may still be able to get your loan, as long as the guarantor is able to meet the lender’s eligibility criteria. It is important that you are both be able to comfortably afford the monthly repayments because relying on the guarantor should only ever be a last resort.

How much can you borrow with a Guarantor Loan?

The amount you can borrow will vary from lender to lender. It will be based on the circumstances, credit score and affordability of the loan for both the Borrower and the Guarantor.

The most important factor that decides how much you can borrow is the affordability of the monthly repayments for you and your guarantor. You will only be able to borrow as much as you can both comfortably afford to repay each month. It may be possible to lower the monthly repayments by taking the loan over a longer-term, but it is important to remember that this means you will repay more money in total.

At UK Credit, our loans range from £3,000 up to £15,000, and our repayment terms are from 3 years up to 5 years (36 to 60 months)

To find out how much you could borrow, apply online now…

Apply Here

How long can you take a Guarantor Loan for?

Each lender will have different repayment periods. The repayment period you are offered may depend on how much money you want to borrow.

Our repayment periods range from 36 months up to 60 months (3 to 5 years), and the amount you repay will vary depending on this term. Generally, the longer the term, the lower the monthly instalment. This can help make the loan affordable if larger payments are out of your budget. But repaying a loan over the shortest term you can comfortably afford will mean that you repay the lowest amount of interest.

How long does an application take?

Application times will vary depending on how quickly you complete the various stages. We always aim to make sure that our loans are completed and paid out within around 48 hours.

The initial online application can take as little as a few minutes. We’ll then need to assess your financial situation via Open Banking by examining your income and outgoings. We will also need to speak with both you and your guarantor to discuss your circumstances, make sure you are happy with the loan, and that the monthly repayments are affordable.


You may need to send us a few supporting documents which could include:

  • Proof of address
  • Proof of income
  • Proof of identification

Naturally, you will only get your money once these steps are completed, so the sooner we can speak with you the better!

How can I get a Guarantor Loan?

To apply for a Guarantor Loan, you and your Guarantor must meet the following criteria…

Borrower Criteria

  • A homeowner, tenant or living with parents.
  • Aged between 21 at the start and 70 at the end of the loan term
  • Employed, self-employed, retired or on certain benefits
  • Have been a UK resident for at least three years
  • Be able to afford the repayments

Full criteria for Borrowers can be found on our Am I eligible page


Guarantor Criteria

  • A homeowner, either outright or via a mortgage.
  • Aged between 25 at the start and 70 at the end of the loan term
  • Employed, self-employed, retired or on certain benefits
  • Have been a UK resident for at least three years
  • Agree to step in and make the repayments on the borrower’s behalf, if the borrower does not pay.

Full criteria can be found on our Who can be a guarantor page

Apply Here

What happens if I don’t pay a Guarantor Loan?

If you don’t make a full payment on time, your Guarantor may get called upon to make the payment instead.

Before we approach the guarantor, we will try to speak to the borrower to understand the situation and to find a suitable solution. If you experience difficulties making a payment, please don’t panic – just get in touch with us as soon as possible so we can talk the situation through and hopefully find a solution.

To discover more about the missed payments process, visit our payment help page…

How do I apply for a Guarantor Loan?

Online application

To get started, simply click the ‘Apply here’ button at the top of this page and complete your details on our secure online application form. We’ll run some initial checks before presenting you with a copy of your loan agreement to read and sign online.

Your Guarantor

Next, you’ll be asked to submit your Guarantor’s details to us. Your Guarantor will then need to login and confirm these, as well as providing us with some additional information.

Application review

Our team will review your application and might ask you to provide us with some documents at this point such as identification.

Open Banking

You’ll receive an email to link you to our secure Open Banking platform. This gives us an overview of your financial situation including your income and outgoings.

Affordability assessment

We’ll need to speak with you and your Guarantor individually to ask some questions about your income and expenses to assess the affordability of the loan. At this point, we will discuss your financial situation with your Guarantor to ensure they fully understand what they’re agreeing to.

Final approval

We’ll check over all the information supplied by you and your Guarantor and be in touch to let you know if your loan has been approved. Once the loan is confirmed, we’ll release the funds into your Guarantor’s bank account. They should then transfer the money over to you.

Who are UK Credit?

Established in 2009, UK Credit is one of the most recognised Guarantor lenders in the UK.


We’re Responsible

Our Guarantor loans are assessed on affordability. We will only approve a loan once we have checked that the repayments are affordable alongside other financial commitmemnts. Our expert team are on hand to answer any questions.


We’re Direct

UK Credit is a direct lender for Guarantor Loans. We’re not a broker and we will neber ask for any upfront fees. Upon application, our expert team will conduct the necessary financial and background checks, and be in touch for more information or to confirm the information or to confirm the details given.


We’re Responsible

We don’t have a ‘one size fits all’ approach when it comes to communicating with our customers. Our highly trained staff treat everyone individually based on the customer’s unique situation.