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George Banco loans review
George Banco specialises in guarantor loans for people who struggle to get finance on their own but still want the personal touch in customer service.
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Important: George Banco no longer offers personal loans to new customers, but this page has been preserved for historical purposes. You can compare other guarantor loans here.
What is George Banco?
A lender that’s been growing a name for itself since 2013, George Banco has many good reviews online. While it offers personal loans without a guarantor to some people, its guarantor loans have better rates. Having made a number of commitments on customer care, it may not be offering anything special in the rates department, but you can be sure that you and your guarantor will be treated well and staff will be on hand to help if you need them.
What is a guarantor loan?
A guarantor loan is a type of unsecured loan that can suit people in specific circumstances. Having bad or little credit history can be a complete block to getting any financing, but guarantor loans mean that a close friend or family member can help you get that much-needed financial boost. By agreeing to make the repayments themselves if you cannot, they provide the reassurance that your credit history lacks.
Although guarantor loans usually have much higher rates than loans from high-street banks, taking one out responsibly can improve your credit history in the future, making it easier to get a loan next time.
Key features of a George Banco loan
George Banco loans come with a fixed interest rate, which means that the overall amount you pay is set out in your contract, and your monthly repayments won’t change (although you can overpay if you want). There are no upfront fees, and neither the applicant nor the guarantor is required to provide loan security.
| Loan type | Unsecured guarantor personal loan |
|---|---|
| Loan amounts | £1,000 to £15,000 |
| Loan terms | 1 year to 5 years |
| Loan rate type | Fixed |
| Product fee | 0% |
| Same-day funding available | |
| Same-day funding note | Once George Banco has received your completed application, its underwriting team will review all details and will usually contact you within 2 hours. If your loan is approved, the funds will be sent to your Guarantor's current account – usually within 24 hours of application. |
| Instant decisions in most cases | |
| Overpay without penalty |
George Banco customer reviews
George Banco has received positive reviews from customers, according to review platform Trustpilot. It currently has a rating of 4.5 out of 5, based on more than 7,900 reviews (updated June 2023). Many customers praised the excellent service, though others reported issues with payments being taken out unexpectedly.
Existing customers
George Banco decided to stop offering new loans to customers. This will not impact how they support you if you have an existing loan with them. No further borrowing will be approved, and all existing loans will be paid off at their scheduled maturity dates or early as prepayment.
Frequently asked questions
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