Guarantor Loans | Loans With a Guarantor @CreditRaters.com
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  • Loan Amount
    £3000 - £10000
  • Loan term
    24 - 60 Months
  • Interest
    20.33%
  • APR
    39.9%
36 Monthly Repayments, borrowing £4,000. Total Amount Payable: £6,439.68. 39.9% APR Representative. Rate of Interest 20.33%. Fixed Flat Rate. Monthly Repayment: £178.88. TFS Loans
  • Considers bad credit, CCJs, debt consolidation
  • Loan can be paid in hours if approved
  • Award winning trusted guarantor lender
  • Loan Amount
    £500 - £15000
  • Loan term
    12 - 60 Months
  • Interest
    Variable
  • APR
    49.7%
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). Talk Loans
  • Submit your application to multiple lenders
  • High chance of approval
  • Rates from 29% APR to 69.9% APR
  • Loan Amount
    £1000 - £10000
  • Loan term
    12 - 60 Months
  • Interest
    33.3%
  • APR
    39.9%
Representative example: £4500 over 3 years, representative 38.9% APR fixed. Monthly payment £199.26. Annual interest rate 33.3% fixed. Interest payable £2673.36. Total repayable £7173.36. UKCredit
  • Credit available up to £10,000
  • Quick, convenient and confidential application
  • Outstanding customer service record
  • Flexible, multi purpose loans which aren't secured against your property
  • Loan Amount
    £500 - £10000
  • Loan term
    12 - 60 Months
  • Interest
    36.9%
  • APR
    43.8%
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 £6,669.72. Representative 43.8% APR. TrustTwo
  • Guarantors who are homeowners, tenants or living with parents are considered
  • Funds can be issued within 24 hours of acceptance
  • Improve your credit score by making timely repayments
  • No fees are charged at any point. Ever.
  • Loan Amount
    £500 - £10000
  • Loan term
    12 - 60 Months
  • Interest
    47.8%
  • APR
    47.8%
Representative Example: £3000 over 3 years, representative 47.8% APR Fixed. Monthly payment £143.84. Annual interest rate 39.7%. Interest payable £2178.24. Total payable £5178.24. 1Plus1 Loans
  • Fantastic loan guarantor product to help those with poor credit
  • Loans are flexible and can be used for any purpose
  • Great for parents who want to help children build their credit score
  • Online customer service team that operates 24 hours per day
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Getting a loan in place if you’ve got bad credit can be a minefield and, whilst we deal with plenty of specialist bad credit lenders, there may be times when a guarantor is needed to secure your funds.

Let’s take a closer look at how guarantor loans work and what you can do to get a great deal today.

What Are Guarantor Loans?

Guarantor loans are a type of loan in which the applicants ability to repay is guaranteed by a third party. Designed for people with a poor credit history, they allow you to borrow funds that you wouldn’t normally be accepted for on the proviso that a friend, colleague or family member will step in to make payment should you be unable to.

Who Can Be My Guarantor?

Anyone can be your guarantor as long as they know you. This could be a friend, work colleague or family member but they’ll need to be aware what their responsibilities are should you be unable to pay.

The great news is that by keeping on top of your repayments, you’ll actually improve your own credit score rather than your guarantor’s meaning that you may improve your chances of accessing more traditional borrowing methods in the future.

How Do I Apply For Guarantor Loans?

Applying for guarantor loans is quick and easy although there are a couple of extra hoops to jump through when compared to more traditional personal loans.

First, you’ll need to find a guarantor who knows you will enough to vouch for your payments. Remember, they’ll be responsible if you can’t pay so pick someone who trusts you enough to keep up with your payment schedule.

Some guarantor loans lenders like to speak to the guarantor before authorising the loan so, whilst you may be accepted in principle, they won’t be able to sign off the funds until they’ve had either verbal or written confirmation from your guarantor.

Once that’s all done and signed off, funds will usually be transferred directly to your bank account within 24 hours and a copy of the agreement will be sent to both you and your guarantor.

So what are you waiting for? Register with CreditRaters.com today for a free, no obligation guarantor loans quotation and find out why so many people use us for their financial comparisons.