| Name | Representative APR | Loan amounts | ||
|---|---|---|---|---|
 |
Amigo Guarantor Personal Loan | 49.9% | £1,000.00 to £10,000.00 | |
 |
UK Credit Limited Unsecured Homeowner Loan | 26.9% | £3,000.00 to £20,000.00 | More info |
 |
1plus1 Loans Guarantor Loan | 47.8% | £1,000.00 to £10,000.00 | Go to site |
Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk.
Please note: High-cost short-term credit is unsuitable for sustained borrowing over long periods and would be expensive as a means of longer-term borrowing.
Amigo has made a name for itself in the UK loans market by offering “guarantor” loans – loans which are guaranteed by a relative or friend (hence the name) of the borrower. The guarantor promises to step in and pay off the loan in the event that the borrower is unable to do so, for whatever reason.
For those who feel let down by mainstream lenders, either because they don’t meet eligibility criteria or because their credit history is less than perfect, companies like Amigo can provide invaluable access to finance, but it does come at the cost of relatively high interest rates.
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Hi I’m looking for a lender who would accept the guarantor living on the isle of man
Hi Jimbon,
Thanks for leaving a question on finder.
Both Amigo and TrustTwo stipulate that the applicant and guarantor must be UK residents (for TrustTwo the guarantor must be a UK homeowner).
Cheers,
Joel