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Compare guarantor loans

If you are borrowing money for the first time or have a bad credit history, a guarantor loan could help you borrow what you need.

Is a guarantor loan right for you?

Guarantor loans can give you a way to borrow even if your credit rating is an issue as they let your friends or family guarantee you will repay the money. Compare guarantor loan rates here.

Overall maximum APR example:

Maximum APR

Interest rate

99.9% APR (fixed)

99.9% p.a. (fixed) with 24 instalments of £158.56pm

Based on borrowing

Total amount payable

£2,000 over 2 years

£3,805.44 inc. interest of £1,805.44

It’s important to remember every time you are refused an application for a loan it may impact your credit rating. It is advisable to only apply for the loans that you are confident of being accepted for.

Warning: Late repayments can cause you serious money problems. For more information see our debt help guides.

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How much can I borrow with a guarantor loan?

It varies depending on your credit history and your income, but you can usually borrow between £1,000 and £10,000.

Are guarantor loans more expensive?

Yes, they can cost more than normal unsecured loans because the rates are much higher, but they may be cheaper than other bad credit loans.

Can I list my spouse as a guarantor?

No, but friends or relatives can be listed on your loan application.

What happens if I cannot pay back my loan?

The person listed as your guarantor will be responsible for paying back your loan. If your guarantor cannot pay your loan, they could be taken to court.

What happens if I die before my loan is paid back?

Your guarantor may have to pay back the rest of your loan. Read the terms of your loan and check your guarantor is happy with them before you apply.

Will a guarantor loan affect my credit rating?

Yes, so avoid making too many applications in a short space of time as it could negatively impact your credit history.

Who do we include in this comparison?

We include unsecured loans you can get in the UK from our panel. Like other comparison sites, we make money when you click through to a product or service, or go on to purchase it after visiting our site. If you use one of our broker services, we make commission after you buy a product, but it doesn’t cost you anything extra. Our comparisons are free for you to use and you get the same or a better deal than going direct.