Unsecured homeowner loans

There are a range of loan options on the market. UK Credit provides all homeowner guarantor loans, where both the borrower and the guarantor are homeowners, a type of unsecured personal loan.

The difference between secured and unsecured loans is that a secured loan allows borrowers to borrow against their property. This means that if the borrower comes into financial difficulty and cannot repay their loan, their property could be repossessed. An unsecured loan does not have such requirements. UK Credit loans do still require both the borrower and their guarantor to be homeowners.

We offer all homeowner guarantor loans between £5,000 and £20,000, with rates from 19.9% APR to 29.9% APR. Loan repayments can be spread over 36 to 84 months. We will always check the loan is affordable for both the borrower and their guarantor before agreeing to a loan.

The guarantor can be a partner, family member or a good friend who has known the borrower for more than 12 months and has a reasonably good credit history. They will need to be aged between 25 at the start of the loan and 70 at the end of the loan term and own their own home, either outright or through a mortgage.

More information about loan requirements, eligibility and the application process can be found on our how it works page.