Guarantor Loans

Applying for guarantor loans with LoanBird is as easy as 1, 2, 3! Here’s how you do it:

Representative APR: 279.5% | Representative Example: Loan Amount: £300 | Borrowed for 60 days | Total Repayment: £420.82 in 2 monthly installments of £210.41 | Interest Charged: £120.82, interest rate 120.8% pa (Variable).

Bad Credit Loans

Guarantor Loans

Personal Loans

Payday Loans

  • Step One - Apply

    Once you’ve found your guarantor, apply for guarantor loans in a few minutes. We’ll need to know how much you want to borrow, how long for, and some easy details about you and your guarantor.

  • Step Two - Decision

    Once you’ve submitted your info, we’ll show you the different guarantor loans for bad credit that you’re eligible for. Simply choose the best deal.

  • Step Three - Cash

    Once you and your guarantor have read and signed the agreement for your guarantor loans, the cash can be in your bank account in just 10 minutes!

We Help You Find Guarantor Loans in the UK

If you have a poor credit rating, you may be considering guarantor loans to help you get the funds you need. Guarantor payday loans work similarly to traditional payday loans in that you can use them for emergency expenses such as replacing a broken-down boiler or paying for urgent repairs to your car. The key difference is that with guarantor loans for bad credit, a friend or family member who has a good credit rating can co-sign the loan agreement with you. This may help you be approved for loans more easily, and can sometimes help you find better rates on guarantor loans from direct lenders.

Here at LoanBird, we are an FCA authorised broker of guarantor loans in the UK. We can help you compare guarantor loans for bad credit from a panel of over 30 of the UK’s best FCA authorised lenders. With one simple application form, we’ll match you with the best guarantor loans for your needs, and we make it easy.

The best part is that finding the best guarantor loans doesn’t involve any broker fees – our services are completely FREE to use.

guarantor loans with a quick online approval

Do You Need Guarantor Loans for Bad Credit?

Before you apply for guarantor loans for bad credit, have you explored your other options? Many people believe that guarantor loans are the only way to secure credit if you have a poor credit score – and that is the way it used to be. However, here at LoanBird, we are able to assist many people in getting loans independently, even if their credit score is less than perfect.

We offer payday loans and personal loans, neither of which require a guarantor, and you may still be eligible for these with a lower credit score. This is because we work with a panel of over 30 FCA authorised lenders in the UK, many of which base their decision on ‘affordability’ rather than ‘creditworthiness’.

Often, credit scores reflect your financial past, rather than your current circumstances, so aren’t the best reflection of your current ability to repay a loan. Instead, we look at your regular income and outgoings, such as direct debits, credit card payments and other loans, and determine if there is enough to cover the loan repayments, with plenty of money left for living expenses. Working this way, we can fairly approve more people for bad credit loans with a level of independence that you don’t always feel with guarantor loans in the UK.

We’re able to help 8 out of 10 applicants find their perfect guarantor loans for bad credit in this way. Otherwise, guarantor payday loans may be able to help you access emergency funds you need.

the criteria for a guarantor to qualify for a loan

Benefits of our Guarantor Payday Loans

• Find the best guarantor loans from direct lenders

• Safety and security of FCA authorised guarantor loans in the UK

• Apply online 24/7 from anywhere

• Find better rates with guarantor loans for bad credit

• No hard credit check left on your file

• Get a near-instant decision

• Cash in your bank account in as little as 10 minutes after approval

• No collateral needed for unsecured guarantor loans

• No brokerage fees – completely FREE to use!

understand how a guarantor loan works before you apply

Can You Get Guarantor Loans in the UK?

At LoanBird, we help you find the best guarantor loans up to £15,000 over up to 5 years, although most lenders can offer up to £5,000 over up to 36 months. There are several different types, including guarantor payday loans which can be used to cover emergency expenses such as replacing your boiler or paying for urgent repairs to your car. Some guarantor loans for bad credit can also be used for debt consolidation and non-urgent home renovations – but you should always check with your lender.

Your eligibility criteria remain the same as for our other loan types. You should:

• Be at least 18 years of age

• Be a resident in the UK

• Hold a UK bank account with a valid debit card

• Receive a regular income

The eligibility criteria may differ from lender to lender, but in general your guarantor should:

• Be aged between 18 and 75

• Be employed, self-employed or retired, with proof of income

• Live in the same part of the UK as you

• Have a good credit score, with a complete credit history

• Not be financially linked to you otherwise

As guarantor loans for bad credit link you financially with your guarantor, it’s important to choose a person with whom you have mutual trust. Your guarantor can be a family member or a friend, although they cannot be financially linked to you – so if you share a mortgage with someone, they cannot be your guarantor. They also must have a good credit history. If you default on guarantor loans in the UK, it can negatively impact their credit score as well as yours, so you should be sure to only borrow what you need and can afford.

How do the repayments work for guarantor loans

Need Guarantor Loans for Bad Credit?

When you apply for guarantor loans in the UK through LoanBird, we search through all available deals quickly to find the best guarantor loans for your needs. You’ll already have pre-approval for the guarantor loans for bad credit that we show you, so you can proceed with your application confidently. What’s more, when we help you find guarantor loans in the UK there’s no risk to your credit score – unlike if you were to apply for guarantor loans from direct lenders one after the other.

When you apply for guarantor loans from direct lenders, FCA authorised lenders are required to run a ‘hard search’ credit check before they can approve your application. This credit check will remain on your credit file for at least two years, and will be visible to future lenders – even if you don’t move forward with that loan. Having multiple hard searches on your credit file can make it more difficult to find guarantor payday loans – and other types of credit – in the future.

As an FCA authorised broker, we’re able to match you with the best guarantor loans in the UK with just a ‘soft search’ credit check. This still tells us all the information we need to pre-approve you for guarantor payday loans, but it won’t show on your credit report and doesn’t affect your future credit applications. You can compare guarantor loans from direct lenders – over 30 trusted, FCA approved ones – and it doesn’t leave a trace on your credit report.

applying with loanbird for guarantor loans

a loanbird infographic showing the guarantor loan application process

Apply for the Best Guarantor Loans Today

So, if you need guarantor loans for bad credit and want to make sure you’re getting the best rates possible, use LoanBird to find guarantor loans in the UK. We make finding guarantor loans from direct lenders easy, stress free, and with no impact on your credit rating. If you need more information on our guarantor payday loans, contact LoanBird and we’ll be happy to help.

Once you’re ready to proceed, apply for guarantor loans for bad credit today.

Here’s some further tips on guarantor loans:

How to pick the best loan guarantor

Are guarantor loans on the rise?

Representative APR: 279.5% | Representative Example: Loan Amount: £300 | Borrowed for 60 days | Total Repayment: £420.82 in 2 monthly installments of £210.41 | Interest Charged: £120.82, interest rate 120.8% pa (Variable).

Our website is completely free for you to use, but we may receive a commission or fee from some of the companies we feature or introduce you too.

Loanbird.co.uk is a registered Trading Name of RJW Assist LTD. RJW Assist LTD is registered in England and Wales (Company number: 09470548). Registered Address: Brook House, 40 Cuthbert Road, Stockport, Manchester, SK8 2DT. Licenced by the Information Commissioners Office: registration number: ZA436430. RJW Assist LTD is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under the reference number: 788094. We are a licenced credit broker, not a lender. Loanbird.co.uk does not provide any loan or consumer credit products directly.

Timescales on receiving your funds may vary from lender to lender and depends if your bank accepts faster payments. The loan amount and interest rate offered is subject to the lender’s requirements and approval.

Warning: Late repayment can cause serious money problems. For help, visit moneyadviceservice.org.uk