Do banks do
guarantor loans?

Yes, some banks do guarantor loans. They may review a borrower's loan application and credit history, and if the borrower has a low credit score, or bad credit in the past, or no credit, they may then condition the loan for a guarantor.

Then as the borrower you will need to find a guarantor, and then the bank can review the loan again.

Here at Buddy Loans we only do guarantor loans. That is what we do.

When you apply for a Buddy Loan, we ask that you try to have a good buddy or guarantor lined up prior to applying. As this is all we do, guarantor loans, we can process your online loan application quickly, and have it approved in most instances within 24 hours.

Benefits of a Buddy Loan

  • Easy online application
  • Quick approval
  • Money in your account within 24 hours (in most instances)
  • No deposit required
  • No upfront fees
  • Loan can be for any purpose, to buy a car, consolidate bills, repairs, home improvements
  • Competitive interest rate
  • Loan can be paid back over 60 months (5 years)

Apply today and have your loan tomorrow!

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Excellent

9.5

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Representative Example

Borrow
£3,250

Term
36 months

Repaying
£158.57 p/m

Total Repayable
£5,714.67

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.

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.