Guarantor Loans
Apply for a Guarantor Loan now and borrow up to £5000. Get an instant decision with no fees and no credit checks.^
Representative 49.7% APR. Warning: Late repayment can cause serious money problems. For help, please visit the Moneyhelper website.
We are an authorised credit broker and not a lender.
Representative 49.7% APR
Representative Example: Rates from 43.1% APR to 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £1,200 borrowed for up to 75 days. Total amount repayable is: £1506. Interest charged is 0.34% per day, amounting to £306, annual interest rate of 124% (variable). Representative APR: 49.7% (variable).
Lendability is a credit broker and not a lender. High cost short term credit is unsuitable to support sustained borrowing over long periods and would be expensive as a means of longer term borrowing
Guarantor Loans from Lendability
A guarantor loan is a type of unsecured loan where you have a ‘guarantor’ that backs up your loan application and will be required to repay the loan in the event of non payment or default.
Guarantor loans are popular with people who have a poor credit history as the guarantor’s good credit score can help to improve the eligibility for the loan.
After being approved for a guarantor loan, the guarantor will be required to sign a guarantor agreement form. This form legally binds the guarantor to repay the loan amount if you are unable to do so.
Guarantor loans can be cheaper than other unsecured personal loans because the credit is actually granted to the guarantor themselves.
How it works
We have worked hard to make the loan application process as simple as possible to ensure you get your loan when you need it.
APPLY ONLINE
This application is 100% safe and secure, your data is encrypted. Applying with Lendability will not affect your credit score.^
CHECK OFFERS
Wait for your loan results and check the loan terms and conditions. You must ensure it is affordable before accepting any offer.
GET FUNDS
Once you have signed your loan documents and the lender has made their final checks, your loan will be sent to your bank account.
Guarantor Loans
What is a Guarantor?
A guarantor is somebody who ‘vouches’ for another person that wants a loan. They guarantee the lender that if the borrower doesn’t repay the loan, they will.
Can I be a guarantor?
Typically Guarantors need to have a good credit history and also pass affordability checks. There are no credit checks made on the applicant, only on the guarantor.
What are the risks of being a guarantor?
If the person you are backing stops making repayments then you will become liable for the debt. Guarantor loans can be expensive and there is very little recourse for not repaying the loan as a guarantor if the borrower stops paying.
Can I get a guarantor loan with bad credit?
Yes, lenders do not actually check the credit of the borrower, only the guarantor.
Ready to apply for a loan?
Guides & Articles
Take a look at a selection of our most popular guides and articles about personal finance and the loans that we offer.
^Lendability will not perform a credit check, lenders may complete a soft check when considering your application for a loan. If you accept a loan offer, the lender will perform a hard search which may be recorded on your credit report. Not all lenders are able to make same day payments and this may also depend on your bank.
Lendability does not charge its customers for using its credit broking services but we may receive a commission from lenders or other brokers if a customer accepts any credit related offer or enters a credit agreement through this website.
Lendability is a trading name of Warwick Financial Services Limited, a company registered in England and Wales with company number 09011092. Registered office: 4th Floor, 18 St Cross Street, London, EC1N 8UN. FCA Licence number 622839. ICO registration number ZA101793.