Held back by a poor or limited credit record? By applying for a loan with a guarantor who owns their home, you could get a better rate than you might alone.
UK Credit is a direct lender (not a broker) offering guarantor loans to help borrowers who don’t have fantastic credit records to access affordable credit.
Guarantor loans require a friend or relative of the borrower to promise to step in if the borrower is unable to repay. With a “homeowner guarantor loan”, the borrower’s guarantor must own their home (although the loan is not usually secured on the property), and will also need to have a good credit score.
Warning: late repayments can cause you serious money problems. See our debt help guides.
|Loan type||Unsecured Personal Loan|
|Loan amounts||£1,500.00 to £12,500.00|
|Loan terms||18 Months to 5 Years|
|Loan rate type||Fixed|
|Same day funding available|
|Instant decisions in most cases|
|Soft-search facility available|
|Overpay without penalty|
|Concurrent loans allowed|
|Topping-up pays off existing loan and initiates a new loan|
|Repayment methods||Cheque, Direct Debit, Standing Order|
Am I eligible?
|Available to||New or Existing Customers|
|Age||18 to 70|
|Credit profiles||Fair, Poor|
|Additional requirements||Must not have not been bankrupt or in an Individual Voluntary Arrangement in the past 12 months, and must have no Debt Management Plan.|
Is the guarantor I have in mind eligible?
|Additional requirements||Must not have been bankrupt in the past 6 years, must have no Debt Management Plan or Individual Voluntary Arrangement over the past 6 years. Must be a homeowner.|
How does this loan compare against the competition?