Guarantor Loans

Compare Guarantor Loans

Get a guarantor loan with the help of a friend or family member (guarantor) - ideal if your credit history is less than perfect!

Featured Guarantor Loan
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Fair Investment Company is independent and provides a selection of some of the leading loan deals available. Our service does not compare or contrast all of the loan deals currently available in the market. If you would like to arrange any of the products shown in the table please click on the “Apply” link which will take you to the provider’s website where you will be able to view further details of the product and apply online.
Guarantor Loans - Loans under £7,500
ProviderLoan AmountCredit HistoryRates FromTerm 
£1,000 to £10,000All Credit Histories Considered37.9%

APR
Representative

(£5,000-£10,000)

1 to 5 YearsGet Quotes >
  • Guarantor Loans - Your guarantor can be a homeowner or a tenant
  • Fixed monthly repayments
  • Can be used for a car loan
  • Easy online process - Fast decision
  • Must be aged 18
  • Must be UK resident

Representative Example: The Representative APR is 37.9% (Fixed) - Based on an assumed loan amount of £6000 over 5 years, representative 37.9% APR. Monthly payment £203.81. Annual interest rate 32.6% (fixed). Interest payable £6,228.60. Total repayable £12,228.60.

£1,000 to £7,500All Credit Histories Considered39.9%

APR
Representative

(£3,000-£7,500)

1 to 5 YearsGet Quotes >
  • Guarantor Loans - Your guarantor can be a homeowner or a tenant
  • Fixed monthly repayments
  • Can be used for a car loan
  • Easy online process - Fast decision
  • Must be aged 18
  • Must be UK resident

Representative Example: The Representative APR is 39.9% (Variable) - Based on an assumed loan amount of £4000 over 3 years, representative 39.9% APR. Monthly payment £178.69. Annual interest rate 34% variable. Interest payable £2432.75. Total repayable £6,432.75.

Fair Investment Company is independent and provides a selection of some of the leading loan deals available. Our service does not compare or contrast all of the loan deals currently available in the market. If you would like to arrange any of the products shown in the table please click on the “Apply” link which will take you to the provider’s website where you will be able to view further details of the product and apply online.

If your credit history is poor or you simply don’t have much in the way of previous credit built up, getting a loan can be challenging. With this type of loan, people with a poor credit history can borrow money with the help of a guarantor. This is usually a friend or family member who has good credit history themselves and is prepared to guarantee the repayments if the borrower defaults. As long as the borrower makes the repayments on time, the guarantor will not have to pay anything.

Is a guarantor loan a good fit for me? 

In the event that you have a bad credit record or have been turned down by different banks, then guarantor loans could be an option worth consideration.  A guarantor loan could let you borrow more money than you would usually be able to with many other poor credit loan types. Making repayments on your guarantor loan in a timely manner could also help to rebuild your credit rating by demonstrating that you are able to make repayments consistently.

Choosing a guarantor for your loan

Practically anybody can be your guarantor, provided that they are not fiscally connected to you (i.e. your husband or wife). A guarantor could be a relative, friend or even a professional acquaintance. Your guarantor will typically need to be older than 21, have a good credit score, and own a UK property. Becoming a guarantor a major financial and legal undertaking so it makes sense for you both to seek professional advice before you commit to a guarantor loan.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.