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Guarantor Loans

Let your friends and family share your financial burden.

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Calculated decisions lead to better outcomes

Let us do the number crunching while you choose a suitable term. Our Guarantor Loan calculator allows you

to estimate your affordability and make an informed decision.

Guarantor loan calculator

What is the purpose of your loan ?
How much do you wish to borrow?
What repayment term would you like to choose ?

Representative Example

Loan Amount


Loan Term

3 Years

Total repayment


Monthly repayment





41% p.a (fixed)

*The rate you get will depend on your individual, financial circumstances. Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK.

Get access to low-interest personal loans

Affordable loans for both tenants and homeowners looking for convenient financial aid:

No guarantor loans

Take sole control of your finances without a guarantor.

Tenant guarantor loans

Reap the benefits of guarantor loans as a tenant.

Financing options to lighten your burden

Guarantor Loans

  • Collateral-free personal loans for your every need. Guarantors co-sign to partake in the loan’s responsibility with you.
  • Personalised loan terms for both tenants and homeowners.
  • Affordable monthly repayments.
  • If the primary borrower fails to repay, the liability falls on the guarantor. So, Repayment failure at the hands of a guarantor could be detrimental for their credit score.

Secured Loans

  • Loans for homeowners with collateral security – mortgage refinance, HELOC, Home equity loans
  • Customisable loan terms
  • Affordable monthly repayments
  • Failure to repay could cost you your home (collateralised asset)

Interest Free Credit Cards

  • High cost credit cards with a zero-interest promotional period
  • Limited interest-free period (up to 2 years)
  • High interest rates after the expiry of the interest-free period
  • You may accrue a huge interest on the credit card along with credit score damage.

Compare guarantor personal loans with LoanTube

Share your financial strain with a friend or family member via affordable guarantor loans.

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Loans with confirmed APRs and monthly repayments

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Pros and cons of borrowing a guarantor personal loan



Guarantor loans provide access to credit to those with below-par credit histories or low incomes.

The guarantor’s responsibility will be to repay the loan, in part or in full, if the borrower cannot, regardless of their financial situation.

The availability of guarantor loans is becoming more widespread due to lenders who cater to personalised needs.

If the guarantor cannot repay after the borrower defaults, it may negatively impact their credit score.

In contrast to short-term loans and payday loans, guarantor loans have lower interest rates.

The borrower’s failure to pay could be mentally and financially stressful for the guarantor.

Responsible borrowing: ensuring timely repayment towards your guarantor loan

Make a budget around your repayments.

Automate your repayments using direct debit.

Ensure that your repayment account has sufficient funds.

If it’s a tight month, cut back on avoidable expenses.

Pay extra towards the loan whenever possible, considering any early repayment charges.

Consolidate or refinance your debts if you feel overwhelmed.


What are guarantor loans?

Essentially, a guarantor loan is a personal loan in which your guarantor agrees to pay your debt if you cannot pay it back.


By signing a guarantor agreement, a family member or close friend agrees to assume some of the loan’s obligations along with you.


Personal loan lenders may ask for a guarantor if you apply for a loan with a low credit rating. 

Usually, financial advisors inform the guarantors of the potential risks of the agreement.


Once a guarantor signs the contract, the lender can hold them liable for repayments if the borrower fails to keep up. 

Who can be my guarantor in a guarantor personal loan?

Since a lending decision depends significantly on the applicant’s credit score, lenders normally seek a guarantee from applicants with a low credit score.


Thus, the guarantor partaking in the loan should have a decent credit history.


Here are some additional prerequisites that a guarantor should fulfil: 

  • Your guarantor should be a legal UK resident.
  • Ideally, they should have an active bank account in the UK.
  • Their credit history should be strong.
  • Age should range between 21 and 75.
  • You should make sure your guarantor has a steady income. 
  • They may or may not be a homeowner. 

Whether you’re becoming a guarantor or involving a friend to guarantee your loan, you need to understand the gravity of the loan’s terms.


Suppose the primary borrower defaults, the debt transfers to you.


Defaulting on the debt can negatively impact your credit score, making it more difficult for you to obtain credit in the future.


Consequently, both guarantors and borrowers need to understand how guarantor loans work.

Who cannot be a guarantor for my personal loan?

Having established who can be a guarantor, let us identify those who “cannot” be guarantors.


When choosing a guarantor for your loan, you need to consider a few things. Avoid choosing someone who:

  • Is your spouse/partner.
  • You share a financial account with. 
  • Is aged above 75 years.
  • Is A non-UK resident.
  • Is unemployed or lacks a source of income.
  • Has a below-par credit history or none at all.
  • Has received a CCJ or IVA in the past six years.
Is there any way out of a guarantor loan?

When you or the guarantor do not settle the debt, there may not be a way out of the guarantor agreement.


Ending a guarantor agreement is possible only when:


  • The borrower pays the entire loan. 
  • The guarantor settles the whole loan. 
  • Your lender declares insolvency, which can ease your repayment burden if not shed it altogether. 
  • You and the lender agree to a renewed payment plan, wherein you make smaller payments over a longer tenure. 
  • You borrow a new loan to pay off the outstanding. But beware because this could put you into a debt spiral. 

A simple solution to getting out of the guarantor agreement would be to have the borrower pay their dues.


Therefore, the loan agreement will terminate in this way since both parties have fulfilled their obligations.


Even if the loan is long-term, lenders usually allow early repayment of guarantor loans.


You may, however, be charged a fee for early refund. 

The borrower and the guarantor must share a close relationship and fully comprehend their agreement’s implications.  

Can I be a guarantor twice?

If you choose to be a guarantor, you can do so as often as you want.


Before guaranteeing multiple loans, you should consider some things.

  • When you co-sign two loans as a guarantor simultaneously, you risk your finances on both loans. If both borrowers default, you will be responsible for repaying the loan on their behalf, putting you under a great deal of financial strain. So, decide it, keeping the worst-case scenario in mind.
  • Let’s suppose you have an existing guarantor obligation, and you decide to co-sign another guarantor loan agreement for a relative. Now, when a lender runs a credit check, they’ll notice that you are associated with two credit applicants as a loan guarantor. In these cases, the lender may be wary of approving the loan.
Can a guarantor get a CCJ?

In the case of a guarantor loan, the burden of repayment falls to the guarantor if the primary borrower fails to repay.


Your lender now has the right to issue you a CCJ if you, as a guarantor, cannot repay the loan.


Not only will this impact your credit score, but it will also impair your ability to get a loan in the future.

You should check the affordability of a loan before co-signing.


In addition, you may want to keep a copy of the loan agreement on hand so that you are aware of the borrower’s repayment schedule.


To ensure they don’t miss the repayment date, you can remind them right before it’s due.


Make sure you carefully read through the agreement.

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Representative APR Example

The rate you are offered will depend on your individual circumstances.

Representative APR Example: On an assumed loan amount of £2,600.00 over 36 months. Rate of interest 41% per annum (fixed). Representative 49.7% APR. Total amount payable £4,557.89 of which £1,957.89 is interest. 35 monthly repayments of £126.61 and a final payment of £126.54

Warning: Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK

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Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on any debt secured against it.

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