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.
At Buddy our goal is to pay out your money on the same day of the application.
We will still consider your application if you can afford it, even if you have CCJs or DEFAULTS.
Keeping up with your repayments will improve your credit score.
If you decide to pay back your loan before the term we DO NOT charge you any early settlement fees.
Our repayments are competitive within the industry.
Get your 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
We are a guarantor loan company where you 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.
If you've got a good BUDDY, you can get a loan!
Buddy Loans is a direct lender £1000-£7500 +441618504141 Alexandra Court, Carrs Road, Cheadle, SK8 2JY rated stars by Trustpilot.com based on 428 merchant reviews
Always helpful, reliable and will go out of there way for customers, never had an issue an this is my second loan with them Same great service each time!
Great Company, the communication from start to finish was great, my loan was quickly approved and I received the full amount within 48 hours. I highly recommend Buddy Loans to anyone looking for a guarantor Loan.
Great customer service
I dealt with 2 people mainly and they were soo helpful. Couldnt ask for better customer service.
Very helpful, everything was explained to me and I was asked if I understood each step. Good communication and all callers very friendly. The loan will take a lot of worry off my daughter and I was happy to be her guarantor.
I found them very polite and helpful, they quickly and efficiently sorted out my loan and kept me up to date with its progress. Daniel in applications was brilliant as was Paul in the underwriting team. Thoroughly recommend them!!
Prompt and fast payout
A very professional firm with very little paperwork involved all done and completed within a week. Faultless.
I was a guarantor
These were great. Polite, professional and had a genuine concern to ensure all was explained. I was the guarantor for a good friend and know these guys helped him so much.
Excellent friendly helpful service
Every person I spoke to was very friendly and helpful and they were very knowledgeable about their product would recommend to anyone looking for a loan
Amazing service and very easy and simple process
Amazing service and very easy and simple process. Thank you very much. Would highly recommend. Staff were great very friendly and very informative about everything
From the initial application online right through to the pay out team, brilliant! Easy online application followed by a prompt call back. The whole process was explained thoroughly by a friendly team. Can't thank Buddy enough!!
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* 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.
*during Buddy Loans opening hours
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.
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.
We will consider your credit history and the credit history of your guarantor, however your application approval will be primarily based on your ability to repay your loan.
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.
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.
In the event that you do not make your agreed monthly payment then there may be a late fee added of £12.
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.
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.
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.
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.
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.
Payments are on a monthly basis
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 monthly payments will be even lower.
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.
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.
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.