Who can be a guarantor
for a loan?

A guarantor for a Buddy Loan can be a family member, good friend, or someone you know at work.

They do not need to be a homeowner, but being a homeowner can help. They do need to have good credit, and not be financially linked to you. This means they cannot be a guarantor for you on other loans, or have co-signed for you for other loans.

Your guarantor can be your partner or spouse, again as long as you do not have other financial ties together.

A guarantor can be your parents, Aunt, Uncle, brother or sister, any family member who knows you and feels you will repay the loan.

Any of your good friends can be a guarantor as well, including a work colleague, again as long as they have good credit, and feel you can repay the loan.

Your guarantor cannot be someone you have met at the pub, or someone you recently have become acquainted with.

As long as you can afford the repayments, and your guarantor feels you will repay the loan, you can get a Buddy Loan.

And having a guarantor means there is less risk involved in the loan, so you can get a better and lower interest rate than many other bad credit loans.

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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from 0 to 10

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.

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.