Guarantor Loans

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Representative Example: Borrow £4,000 and pay back your loan over 36 months. Monthly payments of £194.78.
Total amount repayable is £7,012.08. Interest payable is £3,012.08. APR of 49.7%. Interest rate of 41%. Fixed rate.

Apply for Guarantor Loans

Fill in a straight application form and borrow between £500 and £15,000. You make the repayments on your new loan once a month over 1 year (short term), up to 5 years (long term), ensuring it is affordable and tailored to your personal circumstances. You can borrow for many purposes, including home improvements, car loans, or to pay off a credit card.

Talk Loans work with 9 guarantor loan lenders. So, by applying with us you not only save time and compare representative APRs (your interest rates), but your chances of approval are much higher than if you apply to direct to a lender. All of our lenders operate a responsible lending policy and will carry out a credit check on you and your guarantor.

You may worry we will charge you a fee for our service and while this may be true of other brokers, WE WILL NEVER CHARGE YOU A FEE. Not even a single penny. Our service is fully paid for by our lending partners, not our customers.

We work under full transparency and are regulated by the Financial Conduct Authority, (you can check us on the financial services register).

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Compare Guarantor Loans

Take a look at our straight-forward comparison table below. It allows you to see the different loan amounts, loan values and APRs each lender offers. For more information about lender criteria you can make an application and speak to one of our UK based loan experts.

Bamboo Loans

Bamboo Loans

Representative APR


Min: 49.7% | Max: 49.7%

About Bamboo Loans:

  • Borrow from £1,000 to £8,000.
  • Guarantor can be a Homeowner.
  • Guarantor can be a Tenant.

Representative Example: On an assumed loan amount of £2,600.00 over 36 months. Rate of interest 41% per annum (fixed). Representative 49.7% APR. Total amount payable £4,557.89. 35 monthly repayments of £126.61 and a final payment of £126.54.

UK Credit

UK Credit

Representative APR


Min: 39.9% | Max: 69.9%

About UK Credit:

  • Borrow from £1,000 to £10,000.
  • Homeowner or Tenant Guarantors.
  • Competitive rate.

Representative Example: £4,500 over 3 years, representative 39.9% APR fixed. Monthly payment £201.15. Annual interest rate 34.05% fixed. Interest payable £2,741.40. Total repayable £7,241.40.



Representative APR


Min: 43.8% | Max: 48.9%

About TrustTwo:

  • Borrow from £500 to £10,000.
  • Homeowner or Tenant Guarantor.
  • No loans for Business.

Representative Example: Borrowing £4,000 over 3 years at an interest rate of 36.9% p.a. (fixed), you will repay 36 monthly payments of £185.27. Interest payable £2,669.72. Total repayable £6669.72. Representative 43.8% APR.

George Banco

George Banco

Representative APR


Min: 49.7% | Max: 49.7%

About George Banco:

Representative Example: Borrow £3,500 over 36 months, Interest rate 31.9% per annum fixed. Monthly repayments of £170.56. Total amount repayable £6,140.16. The total charge for credit including fees and interest £2,640.16 of which fees are £420.00. Representative APR of 49.7% fixed.

Amigo Loans

Amigo Loans

Representative APR


Min: 49.9% | Max: 49.9%

About Amigo Loans:

  • Borrow from £1,000 to £10,000.
  • Guarantor can be a Homeowner.
  • Guarantor can be a Tenant.

Representative Example: Borrowing £4,000 over 36 months, repaying £195.16 per month, total repayable £7,025.76. Interest rate 49.9% (variable).

TFS Loans

TFS Loans

Representative APR


Min: 29.9% | Max: 69.9%

About TFS Loans:

  • Borrow from £1,000 to £15,000.
  • Guarantor must be a Homeowner.
  • Flexible lending citeria.

Representative Example: 36 Monthly Repayments, borrowing £4,000. Total Amount Payable: £6,969.96. 48.9% APR Representative. Rate of Interest 24.75% Fixed Flat Rate. Monthly Repayment: £193.61.

1plus1 Loans

1plus1 Loans

Representative APR


Min: 45.4% | Max: 45.4%

About 1plus1:

  • Borrow from £1,000 to £5,000.
  • Guarantor can be a Homeowner.
  • Broker fees may apply.

Representative Example £3000 over 3 years, representative 45.4% APR Fixed. Monthly payment £140.84. Annual interest rate 23% Fixed. Interest payable £2070.24 Total payable £5070.24.

Buddy Loans

Buddy Loans

Representative APR


Min: 49.9% | Max: 49.9%

About Buddy Loans:

  • Borrow from £1,000 to £7,500.
  • Guarantor can be a Homeowner.
  • Guarantor can be a Tenant.

Representative Example: Credit £3,250 for 36 months. Interest (fixed at 41.16%): £2,464.57. Total amount payable of £5,714.67. Representative 49.9% APR. 36 repayments of: £158.57.

Compared To Other Products

Note: Examples are based off loan calculators provided on websites of: Satsuma Loans (Payday Loans); Likely Loans (Fair Credit Personal Loans); Amigo Loans (Guarantor Loans) and Sainsbury’s Bank (Good Credit Personal Loans). Correct as of 04/10/2017.

Payday Loans vs Guarantor Loans

Payday Loans

Loan ValueLoan TermExample APRPayment Each MonthTotal Interest
£1,0001 year991%£166.00£992.00
£3,0003 yearsN/AN/AN/A
£7,0005 yearsN/AN/AN/A

Fair Credit Personal Loans

Loan ValueLoan TermExample APRPayment Each MonthTotal Interest
£1,0001 year59.90%£106.50£278.00
£3,0003 years59.90%£158.47£2,704.92
£7,0005 yearsN/AN/AN/A
Fair Credit vs Guarantor Loans
Guarantor Loans Table

Guarantor Loan

Loan ValueLoan TermExample APRPayment Each MonthTotal Interest
£1,0001 year49.90%£103.06£236.72
£3,0003 years49.90%£146.37£2,269.32
£7,0005 years49.90%£276.67£9,600.20

Good Credit Personal Loans

Loan ValueLoan TermExample APRPayment Each MonthTotal Interest
£1,0001 year14.90%£91.82£101.84
£3,0003 years9.90%£97.45£508.20
£7,0005 years3.80%£128.88£732.80

APR = Annual Percentage Rate

Personal Loans vs Guarantor Loans

Is a Guarantor Loan Right For You?

In view of the above, in lots of situations, a guarantor loan can be suitable, and less expensive, than other types of loans. Chiefly when a less than perfect credit history is considered versus the bad credit loans alternative. Although unlike Sainsbury’s Bank who cut interest as the loan value increases, with UK credit backed by friend and family members you are stuck with a double digit APR up to a loan value of £15,000. This means that the total cost of credit can get pricey the more you borrow. As with all borrowing, only borrow what is needed.

Remember, with a guarantor loan if you are unable to make repayments, the guarantor has to step in and make the payment on your behalf.

Frequently Asked Questions

What Loan Purposes Are Acceptable?
You can take out your loan for many different purposes, almost anything in fact, including but not limited to the following:

  • Home Improvements
  • Wedding
  • Holiday
  • Debt Consolidation
  • Business Expansion
  • Car/Motorbike/Other Vehicle
  • Product Purchases like a a new iPhone
  • Medical Bill

Have a chat with us about why you are taking out your loan and we will let you know your options. Some lenders restrict certain loan purposes, such as specific business reasons, however we can let you know exactly what your options are before finalising your loan with the lenders.

What Happens If I Miss A Payment?
If you miss a payment on your guarantor loan then your guarantor will be expected to step in and make the payment on your behalf. This is what makes guarantor loans lenders so flexible, the guarantor acts as additional security.

If you have missed a payment, the lender will usually let the you know and give you time to pay, as opposed to going straight to the guarantor. If you realise you have missed a payment and haven’t heard anything from your lender, CALL THEM. If you can get in touch with them quickly and explain your situation you may be able to avoid them going to your guarantor at all.

Learn more about direct guarantor loan lenders here.

Why Do I Need A Guarantor?
If you have good credit, in all honesty you don’t need a guarantor. You only need a guarantor if you have been turned down in the past due to a poor (or lack of a) credit history. By using a guarantor to back up your application you gain access to loan amounts and loan rates that would be otherwise unobtainable.

The guarantor acts as security. If for any reason you are unable to pay back your monthly guarantor loan repayment then the guarantor would be required to step in. This is why lenders are happy to be a lot more flexible when a guarantor is provided to support your application.

Learn more about bad credit guarantor with a guarantor.

Can I Pay Off My Guarantor Loan Early?
Yes, you can pay off your guarantor loan early. This type of loan is not front-loaded which means that your interest will be charged on a daily basis. As soon as you want to pay it off in full, you need to request a settlement figure and interest will be frozen (obviously if you do not settle the debt within a certain period of time, interest will still be charged).

Every lender is different with how they deal with settlements. Amigo Loans have no penalty, you just pay interest up to the day you pay off your loan. However other lenders such as UK Credit will charge you 2 months worth of interest from the day you request a settlement figure. Although even with this additional 2 months of interest you are still saving on interest in the long run by paying your loan with a guarantor off early.

If you need any additional information about paying off your loan early it is worth discussing this directly with the lender you are accepted by before finalising your loan.

Learn more about the specifics of different guarantor loan lenders.

Who Can Be A Guarantor?
We are very flexible with who can be a guarantor. They:

  • Can be a Homeowner, Tenant, or Living with Friends/Parents;
  • Can be Friends, Relatives or Work Colleagues;
  • Need to be between 21 and 75 years old;
  • Must have a Good or Fair Credit History.

As long as they can afford repayments and fit the above criteria it’s as simple as that!

Learn more about who can be a guarantor.

Will I Be Charged A Fee?
We will never charge you a fee to apply through Talk Loans, from initial application to getting the money in your account you will never have to pay us a penny.

You may wonder how we make money, and the answer is that we are paid by the lenders to provide them with qualified customers. We only get paid once we get you your loan.

This means we work extremely hard to find you a suitable lender, otherwise we would have to shut down!

You do not lose out by applying through Talk Loans; in fact you have a higher chance of getting your loan completed quickly and easily, without having to go around each lender individually.

How Much Can I Borrow?
How much you can borrow depends mainly on the residential status of you and your guarantor, along with the affordability of the repayment each month. Here is a simple table to see how different residential status’ can impact the borrowed amount.

 Homeowner BorrowerTenant Borrower
Homeowner Guarantor£500 to £15,000£500 to £10,000
Tenant Guarantor£500 to £8,000£500 to £8,000

Note: You can learn more about tenant guarantor loans here.

Other than residential status, the other thing that majorly effects how much you can borrow is the affordability of the loan for both you and your guarantor. In order to understand this we need to look at the monthly repayments of the loan and compare it to your monthly income and expenditure.

Guarantor Loan Affordability

Let’s take an example of wanting to borrow £5,000 over 3 years, which based on our representative APR works out to a cost of £224.64 per month. Let’s say you earn £21,000 per year and take home £1,463.31 per month.

Monthly Income£1,463.31
Monthly Rent£600.00
Monthly Bills£200.00
Monthly Other Costs£450.00
Overall Disposable Income£213.31
Monthly Loan Cost£224.64
Disposable Income after Loan-£11.33

As you can see from the example above, this loan is not affordable, in fact it would put you in the red, which could very easily lead to immediate financial difficulty.

Making Things Affordable

Let’s see if we can make this loan a bit more affordable by borrowing a little less over a slightly longer period of time. Let’s go for £4,500 over 4 years, which again based on our representative APR, will work out to £172.93 per month.

Monthly Income£1,463.31
Monthly Rent£600.00
Monthly Bills£200.00
Monthly Other Costs£450.00
Overall Disposable Income£213.31
Monthly Loan Cost£172.93
Disposable Income after Loan£40.38

By reducing the loan repayments by around £50, the loan becomes a lot more affordable.

So now we have an affordable loan it is worth understanding how lenders differ in judging affordability. An interesting example is that one lender requires a disposable income after loan a of over £100. While this can be frustrating when it comes to getting your loan completed, we feel agree that this is a good way of budgeting for an emergency.

So through the combination of affordability and residency type you can work out how much you can borrow. If you would like to discuss this with us before making your application, you can give us a call on 01603 391104 during working hours and we will be happy to help.

How Long Will It Take?
While we can often get you your loan very quickly (we have paid out a lot of loans in under an hour from initial application) it does depend somewhat on your personal cicumstances and how quickly we can speak to you and your guarantor.

As well as the time it takes to get hold of the both of you we will also, in some cases, need supporting documents off the both of you. This can slow the application down if they are not easily to hand. Exactly what is needed is based off the level of automated checks that pass.

In a Rush?

To get your loan with a guarantor sorted as quickly as possible here is a brief checklist to consider:

  • Have your phone to hand or call us directly on 01603 391104 once you have completed your initial application;
  • Ask your guarantor when they will be free so we can call them at a suitable time, ideally straight away;
  • Have a recent bank statement or payslip to hand in case we need to see proof of your income;
  • Fish out your passport or driving licence in case we need proof of your idenfication;
  • Grab a recent utility bill such as a gas or electric bill if you are not on the electoral register as proof of address.

With the above in hand we should be able to sort out your guarantor loan quickly and efficiently. Although in general we would suggest setting your expectations for at least a 48 hours from application, to getting funds in your account.

Learn more about supporting documentation for your guarantor loan.


Opening Hours

Mon - Thurs: 9:00 to 19:30
Fri: 9:00 to 17:30
Sat: 9:00 to 12:00
Sun: Closed


Phone Number

01603 391104

Please call us during our opening hours for the best service.


Talk Loans
61 - 63 Riverside Road


We aim to reply to all emails within 24 hours.


Guarantor Loans Representative Example: Borrow £4,000 over 36 months. Monthly repayment of £194.78. Total repayable is £7012.08. Interest payable is £3012.08. Fixed APR of 49.7%. Interest rate of 41% per annum. Representative APR 49.7% (fixed).

Personal Loans Representative Example: Borrow £300 over 6 months. Monthly repayment of £92.43. Total repayable is £554.58. Interest payable is £254.58. Fixed APR of 883.6%. Interest rate of 169.7% per annum. Representative APR 883.6% (fixed).

Talk Loans is a Broker, not a Lender. To operate this service we receive commissions from the lender, broker or 3rd party we refer you to. To apply for a loan though our website you must be a UK resident.

Talk Loans is a trading style of Butler Westbury Limited Registered in England No 9035270. Authorised and regulated by the Financial Conduct Authority Reference No. 625156. Registered with the Information Commissioner’s Office ZA090336. Registered office address: 3 Cricket Close, Drayton, Norwich, Norfolk, NR8 6YA

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