Compare Guarantor Loans

If your friend trusts you then so do we! Borrow up to £15,000 and get the money fast with a same day payout.


Representative 49.9%APR variable
Representative Example: Borrowing £4,000 over 36 months, repaying £195.16 per month, total repayable £7,025.76. Interest rate 49.9% variable.

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Proper Finance works with the best guarantor loans companies in the UK, allowing you to borrow £500 to £10,000 repaid over 12 to 60 months. By having an extra person that you know to act as your guarantor, you can increase your chances of being approved for a loan, despite being turned down by mainstream lenders due to bad credit.

A guarantor loan works by having an extra person to co-sign the loan agreement and guarantee repayments. So in the event that you cannot make your monthly repayments, your guarantor will step in and pay on your behalf. For the lender, this provides extra security knowing that they are more likely to recover their funds and if your guarantor has a good credit rating and is a homeowner, this will increase your chances of being approved.

Guarantor loans are commonly used for lifestyle purchases including paying for home improvements, weddings, debt consolidation, education and more. This type of finance is an unsecured personal loan and uses a guarantor as an extra form of security.

Simply complete your details in the form provided and Proper Finance will assess your details with our recommended guarantor loans provider. Successful applications are typically funded within 24 to 48 hours since the start of the application and transferred to the guarantor’s debit account in one lump sum.

Who could act as my guarantor?

The most successful guarantors are typically parents, spouses and siblings aged 18 to 75. You ideally want someone who you are close to, in regular contact with and can speak openly about your finances. Whilst friends and colleagues are also suggested, you ideally want someone who you know you will be in contact with throughout the loan term (up to 5 years).

By having a guarantor who is in employment, shows a stable income, a good credit history and has their own home, it strengthens your application and gives the lender peace of mind that they will be able to call upon the guarantor if your loan goes into arrears. Our partners will also consider guarantors that are tenants and living with parents or friends, but knowing that the guarantor has their own mortgage and home means that they should always be easier to contact.

The guarantor lenders we work with at Proper Finance will take a view on individuals with a history of bad credit, CCJs and bankruptcy, provided that you have a good guarantor to back up your loan application. If this is not for you, consider applying for a no guarantor loan so that you can work with the lender directly.

How can a guarantor loan improve my credit score?

By making regular monthly repayments on your guarantor loan, your credit record is updated through the three main credit reference agencies in the UK. Therefore, applying for a guarantor loan gives someone with a history of bad credit to get used to making regular payments and prove their creditworthiness.

Over time, a series of several repayments on time will improve their credit score, helping them access other forms of finance in the future and at more favourable rates. Customers will need to keep up with all kinds of repayments and avoid falling into arrears for other credit products to maintain a healthy credit score.

Compare guarantor loans

Proper Finance is dedicated to helping its customers find the best financial products for them, something that has been acknowledged by our recipient of numerous broker awards over the last 12 years.

We offer an effective way to compare guarantor loans, with a representative APR of around 49.9%. Applicants can start by completing their details online and we will process their application as quickly as possible.

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