TrustTwo guarantor loans

If you’ve been turned down for loans in the past, a guarantor loan from TrustTwo could allow you to access up to £10,000 within 3 days, and build your credit rating while you're at it.

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Important: TrustTwo is no longer accepting any new applications. This page has been preserved for historical purposes, and you can compare a range of guarantor personal loans here.

TrustTwo is a direct lender that says it prides itself on being there for people other lenders turn down. It does this by offering guarantor loans, and focusing more on whether or not the loan would be affordable for you, rather than on your credit score.

Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.

Late repayments can cause you serious money problems. See our debt help guides.

What is a guarantor loan?

A guarantor loan is a type of unsecured loan that requires a co-signatory. This person might be a friend or relative. They agree that they will pay back the loan should you struggle to meet the loan repayments. This type of loan generally comes with a higher interest rate, as it represents greater risk to a lender, but it is available to people who wouldn’t be able to get finance through the regular lending streams.

Key features of TrustTwo personal loans at a glance

TrustTwo loans are “unsecured” meaning they are given based on your (or your guarantor’s) creditworthiness and are not secured by property or assets. Here are some of the other key features of TrustTwo loans:

  • Borrow from £500 to £10,000.
  • Loan terms from 12 to 60 months.
  • Fixed rate of interest, so monthly repayments remain the same throughout the loan term.
  • Your guarantor can be a homeowner, a tenant or live with their parents.
  • Access to funds within 3 days.
  • No set-up fees.
  • The loan will be in your name, so providing you stick to the repayments, it will help improve your credit record.
  • Repay your loan early at any time.

If you’re approved for a TrustTwo loan, the interest rate that you’re offered will be subject to TrustTwo’s assessment your circumstances and also of your guarantor’s circumstances. It may differ from the advertised “Representative APR”.

APR and Representative APR explained

The Annual Percentage Rate (APR) provides an annual summary of the cost of a specific loan, taking into account both interest and any mandatory charges (like an application fee) over the duration of a loan. Because TrustTwo doesn’t charge any fees, its advertised APR is the same as its interest rate.

All lenders must calculate the APR of their products in the same way, so it should be a handy tool for comparison, but unfortunately there’s a catch.

Most lenders tailor interest rates to the applicant – in other words, the riskier they think it would be to lend to you, the higher the interest rate they’ll offer you. The representative APR is the APR that a lender realistically expects 51% of its customers to pay. If your application for a TrustTwo loan is successful, it will make a specific loan offer to you – detailing the actual APR that you’ll receive.


TrustTwo loans, being guarantor loans, have relatively lenient eligibility criteria for the borrower, and fairly standard criteria for the guarantor.

Borrower criteria

  • You must be over 18 years old
  • You must be confident you can meet the loan repayments
  • You must have someone who is prepared to be your guarantor
  • You must have an income

Guarantor criteria

  • Your guarantor cannot be your spouse, but can be a close family member or friend.
  • They must be aged between 21 and 75.
  • They must have a good credit history.
  • They must have separate finances to you.
  • They can be a homeowner (with or without a mortgage), a tenant or living with their parents.
  • They must agree and be able to make loan repayments if you don’t.

TrustTwo will consider almost anyone for a loan, but the credit history of the guarantor is important. It helps if they are a homeowner and have a good annual income. You will also be more likely to be accepted if they have no recent bankruptcies or convictions.

How can I apply?

Guarantor loans can take a little longer to organise that a traditional loan, because there’s a few extra hoops to jump through. TrustTwo does have a fairly streamlined online application process however:

  1. You apply online by entering your name, date of birth, current address and employment details.
  2. You can then give your guarantor a dedicated link where they can register as a your guarantor.
  3. Both your own and your guarantor’s credit histories will be “soft searched” (this won’t affect your credit scores). TrustTwo will not be demanding that you have good credit, but it more than likely will want your guarantor to.
  4. Provided you’re both accepted in principle, you’ll then receive a loan quote.
  5. If you choose to continue at this point, Trust Two will want to give both you and your guarantor a short phone call. At this point there’s also likely to be a “hard search” of you credit files.
  6. Following final approval, you’ll both receive an electronic loan agreement to sign.
  7. The money is then transferred to your guarantor’s account. This is a final security step to ensure that the guarantor is aware of what’s going on.
  8. Your guarantor can transfer the funds to your account.

The company states that it aims to pay out loans within three working days.

TrustTwo customer reviews

TrustTwo has received mixed reviews from customers, according to review site Trustpilot. It currently has a rating of 2.9 out of 5, based on more than 250 reviews (updated 8 April 2021). Some customers praised the helpful service and easy process, but others cited communication issues when applying or requesting information.

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