18 months

Borrowing £1,500 over 18 months

Repaying £113.07 per month

Total repayable £2,036.21

Interest £536.21

Interest rate 41.16% Fixed | Representative APR 49.9% (Variable)

Borrow up to £7,500 with the UK's friendliest

Guarantor loans


What is a Buddy Loan?

A Buddy Loan is a guarantor loan and bad credit loans company where you can borrow from £1,000 up to £7,500, and pay it back over a period you can afford between 12 and 60 months.

With Buddy Loans, if you've got a good BUDDY, you can get a loan!

Representative APR

Monthly Interest


A representative example of a

Buddy Loan

Amount of credit £2,500 for 24 months.

Interest (fixed at 41.16%): £1,250.17.

Total amount payable of £3750.17. Representative 49.9% APR.

24 repayments of: £154.54.

Terms and Conditions apply. Suitable Guarantor required. All loans are subject to status and affordability checks prior to approval. All applicants must be 18 or over

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What is Buddy Loans? Find all the information you need!

A guarantor loan is an unsecured personal loan between £1000 and £7500 taken over a period of 12-60 months. The only difference is that, due to the borrower's credit risk we ask for another person to guarantee that the loan will be repaid.

The guarantor agrees to repay the loan, should the borrower miss any payment on the loan. By guaranteeing the loan, guarantor loans can be really useful in helping rebuilding someone's credit who may have had some bad credit in the past, or loans for bad credit.

  • Someone who may not have any credit and is looking to build a credit history
  • Someone who may have had bad credit in the past, they can be loans for people with bad credit
  • Anyone who may be in need of loan quickly, without loads of paperwork and hassle
  • Aged between 18 and 75
  • UK Home Owner (unless applying for Tenant Guarantor Loan)
  • Decent Credit Score
  • UK Bank Account
  • Minimum Income £1,000
  • Not Financially Linked to The Borrower

* Please note as a guarantor you will be responsible for ensuring that the loan is brought up to date in the event payments are missed by the borrower. In the event that payments are consistently missed this may impact on your credit score.

Buddy Loans will consider your credit history and the credit history of your guarantor, however your loan will be primarily based on your ability to repay your loan. That's why a guarantor loan is a great loan for those with bad or no credit history.

The application process is easy and straightforward. In most instances applications are approved within 24 hours, although it can be as quick the same day.

Yes! If you wish to pay your loan off early you can do so at no extra charge.

If you are, or believe you may start, encountering any issues with being able to meet your repayments we would urge you to contact us as soon as possible. If you miss a payment, we will then contact the guarantor and request payment from them.

We don't apply any fees or charges for your application or taking out a Buddy Loan. Your interest will accrue on a daily basis in line with that outlined in your credit agreement and each payment you make will be made up of paying your interest and a part towards the capital.

Please get in touch with us on 0800 788 0088 or 01618 540 640.