What is a guarantor loan?


A guarantor loan is a personal loan for people who need a little financial help but are unable to get what they need from high-street banks. Guarantor loans are far cheaper than payday loans and are often the cheapest alternative for people with low credit scores. Our loans are used for a whole host of reasons including consolidating debt, home improvements, vehicle purchases and repairs as well as weddings and holidays.

The good thing is we don’t get hung up on bad credit – the most important thing to us is whether our loans are affordable and that a guarantor is in place to support an application. See it as an old-fashioned way of borrowing money with the trust of a helping hand.

We don’t charge any upfront fees and only provide loans if we think they are affordable for both the applicant and the guarantor. Our loans are unsecured too, which simply means that your home will not be at risk.

What is a
guarantor loan?

It’s a simple way of borrowing the money you need with a little help from a friend or family member

Who can be a guarantor?

  • Friends
  • Mums and Dads
  • Brothers and Sisters
  • Partner or Spouse
  • Children
  • Colleagues

Guarantors must agree to be legally tied to a loan, acting as a payment back up in the unlikely circumstances that payments cannot be met by the borrower.

Unlike some payday loans, we will only offer financial help if we are confident the applicant can pay it back, and that the guarantor has an acceptable credit rating.

Homeowner vs Tenant

We offer two products, dependent on the status of a guarantor:


  • Rates from as low as 29.9% (fixed)
  • Borrow from £2,000 to £15,000
  • Your guarantor has to own their own home
  • Repayment periods of 18 to 60 months
  • Fast decision in principle
  • Unsecured loan – your home is not at risk


  • Rates from 39.9% APR (Fixed)
  • Borrow from £2,000 to £6,000
  • Your guarantor does not need to own their home
  • Repayment periods of 18 to 60 months
  • Fast decision in principle

The process

  1. 1. Choose a loan
  2. 2. Secure guarantor
  3. 3. Apply
  4. 4. Review
  5. 5. Call with
    UK Credit
  6. 6. Decision