Guarantor Loans

We provide guarantor loans for our clients

Borrow up to £5,000 with no credit scoring!

All you need is a suitable guarantor, even if you have a bad credit rating or poor credit history, providing you can afford the monthly repayments.

Your guarantor knows you best & provides the additional security we need!

Your guarantor must be a UK homeowner between the ages of 25 and 65, have a good credit history and not be your partner or spouse living with you.

At GBP Loans we like to keep things simple & pass these savings to our customers...

That's why we provide the cheapest Guarantor Loans in the UK!

Fast payout, within 48 hours of completion

Our processes are optimised:

• No expensive call centres mean no application fee and no hassle!
• No face to face interviews or intrusive home visits!

So, if you think you have a suitable guarantor, you can apply NOW on our "no obligation" 60 second Fast Track form opposite!

Guarantor Loans and how to re-build your credit rating

GBP Loans are specialists in providing Guarantor loans. Guarantor Loans offer a new category of unsecured loan, which are not reliant on the credit rating of the applicant. Instead, guarantor loans rely on the good credit rating of the person who is prepared to guarantee the loan if the applicant defaults - the guarantor. The financial crisis has meant that many people have lost what were once very good credit ratings. As we all know, if your credit rating is poor, it is very difficult to obtain credit of any kind - be it through credit cards, loans or even normal shop store cards. Guarantor loans are one way to consider obtaining credit and also to rebuild the credit rating of the applicant. In conclusion, considering guarantor loans is something that should be taken very seriously, as it can have far reaching effects for all parties should repayments not be met. Ultimately though, guarantor loans offer another route to credit for those who cannot acquire it.

Not all Guarantor Loans are the same

With many of the major unsecured lenders pulling out of the market, there has been added pressure on Introducers and Brokers, who have increasingly been turning to guarantor loans to earn their commission from a very small number of specialist lenders. These introducers are usually allied to a single lender and do not offer a genuine comparison of guarantor loans, unlike some of the larger traditional brokers that are now becoming increasingly rare. However, not all guarantor loans are the same. The acceptance criteria both for applicants and guarantors vary considerably. Responsible lenders will check that guarantor loans are affordable to applicants. The annual percentage rates (APR's) for guarantor loans also vary considerably, depending on these acceptance thresholds. The APR rates not only vary between lenders, but often increase from the advertised rate and quoted rates to the final (post underwriting) rate - be careful when rates escalate unduly.

The Office of Fair Trading stipulates that the advertised APR rate should indicate that two-thirds of completed guarantor loans fall beneath this percentage and should not be used as a marketing ploy to attract new clients. Also, be wary of sites that show no rate at all!

Finally, all responsible lenders will have a detailed "Treating Customers Fairly" (TCF) policy. Check carefully before deciding which lender to choose. View our TCF Policy.

Typical APR 42.6% (Guarantor Loans only)

Take a look at our Guarantor Loans FAQ for more information