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 forward guarantor loans application form and borrow loan amounts between £500 and £15,000. You will 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 and we are not a direct lender ourselves. So, by applying through Talk Loans you not only save time and compare representative APRs (your loan rates), but your chances of approval are much greater than if you apply to direct to a lender like Buddy Loans, especially if you have bad credit. 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 guarantor loan service and although 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 work under the Financial Conduct Authority, (you can check us on the financial services register). Your details are safe and secure and we never share them or sell them to third parties.

Very Helpful

The staff were very helpful and the online application was quick & easy definitely recommend these.


Guarantor Loan Customer

100% Satisfied

Charlie at Talk Loans was 5stars, couldn't be more helpful, after being turned down by other lender.


Guarantor Loan Customer

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Benefits of Getting Guarantor Loans

Guarantor loans are a personal, unsecured loan product that take advantage of a friend or family member, who are a UK resident, to act as security on the repayments. In essence the guarantor guarantees the loan repayments for the lender. The guarantor can be a home owner, a tenant, or living with friends or family. As a result of this they are not secured loans that may be secured against any of your property such as a house or car. The main distinction between a traditional personal loan from, for example, a bank or building society, is this co-signer.

While having to find a guarantor to support your loan is not an ideal situation, it’s important to realise that having a guarantor opens many doors that would otherwise be closed off. For instance, if your credit history (or poor credit ratings) is tarnished with missed payments, defaults or a County Court Judgment (CCJ), a guarantor loan is still a completely viable option for you whereas a bank would turn you away.


Get Guarantor Loans UK

With this in mind, by taking advantage of a guarantor loan, you get many benefits including:

  • By taking out credit and paying it back on time every month you have a small positive effect on your overall credit score. This looks good to future prospective lenders. However, we would never recommend borrowing money at a high interest rate just to improve your credit score because credit cards are usually a better solution for this if a lump sum isn’t required.
  • You can buy that car, get that boiler repaired or go on that holiday. Even if 2 years ago you forgot to pay your electric bill.
  • You can pay back your loan over many years, ensuring the repayments are affordable for you.

While the second benefit may sound extreme, you would be surprised how strict the criteria is when taking out a traditional personal loan.

It is worth noting that a guarantor loan is, in general, more expensive to take out than the before mentioned traditional personal loans. But while this is generally true, they can be cheaper than more modern, unsecured loan products, which are designed for those with a fair to poor credit history.

For the purpose of a guarantor loans comparison, in the next section is a basic breakdown of where guarantor finance sits compared to other types of loans in the personal loan market.

Top Guarantor Loans
Guarantor Loans Benefits

Guarantor Loans in the Market

Note: Examples are based off loan calculators provided on websites of: Satsuma Loans; Likely Loans; Amigo Loans and Sainsbury’s Bank. 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.


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%.

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%.

Talk Loans is a Broker, not a Lender. To operate this service we receive commissions from the lender we refer you to.

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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