Select Loan Amount


Select Loan Term


Your loan details

You want to borrow: £1.500
Over a period of: 18 months
Repaying: £113.07 p/m
Total repayable: £2,023.75
Interest rate: 41.16% (fixed)
Representative: 49.9% APR
  • We're a Direct Lender
  • No up front Broker Fees
  • Secure Connection

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

Representative Example
Credit £3,250 for 36 months | Interest (fixed at 41.16%): £2,464.57. | Total amount payable of £5,714.67.
Representative 49.9% APR. | 36 repayments of: £158.57.

Top 6

Reasons why Buddy Loans is the UK's No.1 Guarantor Loans lender.

Same Day

At Buddy our goal is to pay out loans on the same day of the application.

Bad Credit
No Problem

We will still consider your loan if you can afford it, even if you have CCJs or DEFAULTS.

Rebuild Your
Credit History

Keeping up with your repayments will improve your credit score.

No Early
Settlement Fees

If you decide to pay back your guarantor loan before the term we DO NOT charge you any early settlement fees.


Our Guarantor Loan repayments are competitive with the industry.

Any Purpose

Get your Guarantor Loan for a car, wedding, debt consolidation, home improvements, education fees, anything you want!

Have a look at our 60-sec video about Buddy Loans

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!


Buddy Loans is a direct lender rated 5/5 stars by based on 428 merchant reviews



from 0 to 10

Who can be my Buddy for my Guarantor Loan?

  • Family Member, Close Friend, Colleague
  • Aged between 18 – 75
  • UK Bank Account
  • OK Credit Score
  • Minimum Income - £1,000
  • Residential Status
    Homeowner, Tenant, Living with Parents

A Guarantor is a good friend, a family member or a work colleague who knows you can repay the loan, your Buddy guarantees the loan for you.

* 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.

How Guarantor Loans Work


your Guarantor

Your application
will be assessed

Decisions within
the hour*

*during Buddy Loans opening hours

Same day payout
if approved before 5pm

Why choose Buddy Loans?

Because Buddy Loans is a QUICK and EASY way to borrow up to £7,500 with a Guarantor and...

Happy People
    to complete we're 100% online;
    interest rates;
    that are spread out over time, up to 60 months;
  • QUICK APPROVAL and the money in your bank account fast. We aim for same day pay-outs.

Representative Example


36 months

£158.57 p/m

Total Repayable

Interest Rate
41.16% (fixed)

Representative 49.9% APR.

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.

20Frequently Asked Questions

Most asked Guarantor Loans related questions

What is a Guarantor Loan?

A guarantor loan is an unsecured personal loan between £1000 and £7,500 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.

What is Buddy Loans for?

  • - 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 a loan quickly, without loads of paperwork and hassle

Do Buddy Loans credit score me?

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.

Once your Buddy Loan has been approved we will make regular updates to our Credit Reference Agency about the performance of your loan, therefore if you pay on time each month then you will see your credit rating improve! Equally though in the event that a payment is not made as agreed then this may also appear on your credit file.

How long does it take to complete my application?

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.

Can I settle my loan early?

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

What happens if I cannot afford to repay my Loan?

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.

Do you charge me for taking out a Buddy Loan?

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.

In the event that you do not make your agreed monthly payment then there may be a late fee added of £12.

What are the best personal loans in the UK?

There are many types of personal loans available for people to meet their short-term needs which are suitable to their individual needs for a variety of purposes, including home improvement, buying a car or just starting up a small business.

Depending on your circumstances one of those types of loans is a guaranteed loan, or a loan with a guarantor.

Guarantor loans are granted not only based on credit scoring or the need for having good credit, but are approved based on personal affordability and having a guarantor.

If a borrower can afford to repay the loan, and they have a guarantor who feels they can support the application, the loan can be approved.

I have read about "guaranteed loans". What are they?

You may be referring to or have read about a guarantor loan. We here at Buddy Loans do personal unsecured loans for individuals who have a guarantor.

These personal unsecured loans are primarily approved based on if the borrower can afford to repay, and the basis of having a guarantor.

How quickly can I get my personal loan?

There are loans that in most instances can be approved on the same day and the money paid to the borrower within 24 hours. We here at Buddy Loans can approve your online application very quickly and aim have the money to the borrower in that time frame.

Are there any types of unsecured loans in the UK besides a payday loan?

Yes, there are many types of loans which include guarantor loans. At Buddy Loans we only do guarantor loans, and we are a UK based lender.

I need to sort my loan quickly, where can I go?

Buddy Loans can approve and aim have your loan in the bank to you within 24 hours in most instances.

Just use our easy and quick online application to begin the process.

Is a Buddy Loan an unsecured loan?

Yes, Buddy Loans are an unsecured loan and do not require any collateral or property to be secured against. You just need a good buddy who agrees to support your loan.

I just need a small loan, say £1,000 to £1,500

At Buddy Loans you can borrow as little as £1000 up to £7,500. This doesn't mean you have to borrow £7,500, you can borrow as little as £1,000, if that is all you require.

Just complete our easy and quick online application form to begin the process.

How do I pay back my Buddy Loan?

A Buddy Loan is an unsecured, guarantor loan that you pay back by making payments each month.

Your payments will be determined by the amount you wish to borrow, and the term of the loan. The term is how long you are borrowing the money for.

The longer the term of your loan such as 48 months of payments instead of 36 months of payments will reduce your monthly payment. However, you will pay more in interest over the longer time period.

If you want 60 months or five (5) years to pay back your Buddy Loan, your monthly payments will be even lower.

If I use a Buddy Loan to buy a car, or to buy tools for my job, will the car or tools be securing the loan?

No, Buddy Loans are unsecured, guarantor loans that you can use for whatever reason you want. If you use this money to purchase a car or anything, that does not secure the loan. The loan is based on your application, affordability and you having a suitable guarantor.

I am skint and my car needs a major repair. Where can I get a cash loan to repair my car?

If you have a good buddy you can look to get a loan with Buddy Loans.

With our online application process, and quick approval, you can have your loan approved and the money in your bank account within 24 hours.

The boiler went up in my house and I need a same day loan, but with my credit history I know I cannot get a loan in the UK. What are my options?

At Buddy Loans, whilst we do check your credit history or credit score, we base our approval on so much more so that should not be a problem in being approved. Your application is based on your own affordability and you having someone you know, a good buddy or family member, who can also afford the loan if you can’t and they guarantee the loan.

A Buddy Loan can be paid out on the same day. Once you know who you have as your guarantor, complete our quick online application, and the money can be in your bank in 24 hours.

I've been told a payday loan is the best personal loan in UK, is that correct?

Not exactly.

Payday loans can have high interest rates/APR's such as 1,500% or 2,000%!

In addition, a payday loan is a short term loan and it needs to be paid back on your next pay day, usually within 30 days.

A Buddy Loan can be repaid back over as few as 12 months or up to 60 months. There also is a much lower interest rate with a Buddy Loan than with a payday loan.

Any other questions?

For additional FAQs please click here or please get in touch with us on 0800 802 1061 or 0161 850 4141.

Minimum period for repayment: 12 months | Maximum period for repayment: 60 months | Minimum APR 49.8% | Maximum APR 49.9%
Representative example: Amount of credit £3,250 for 36 months. Interest (fixed at 41.16%): £2,464.57. Total amount payable of £5,714.67. Representative 49.9% APR (Variable). 36 repayments of: £158.57.