WARNING: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.
We will never contact you offering loans and we do not ask for up-front fees. Nowloan is a broker, not a lender.

Guarantor Loans from £500 - £10,000 in minutes.

Get an online decision in minutes.

Free, no obligation quote
Instant decision
Same day payouts

Representative 49.7% APR

Representative example: Borrowing: £1,200 Interest: 0.34% per day for up to 75 days (124% per annum, variable) Representative: 49.7% APR (variable)

UK Guarantor Loans

No matter how prepared you try to be or what your financial situation is, countless factors that affect your financial security can go sideways at a moment’s notice. At Now Loan, we understand better than anyone just how important it is to have financial assistance readily available, regardless of your credit rating or current finances. This is why we have made it possible for you to quickly and conveniently find lenders who can fill your temporary needs, and we’ll do it for free!

Why You Might Want a Guarantor Loan

There are so many types of loans, so how do you know which kind of loan might be best for your situation? Would you benefit more from a secured loan? Will you qualify for an unsecured loan? Do you just need a small payday loan, or are you looking for a larger instalment loan?

We’ve got the answers to all of your questions, so let’s take a look at a specific kind of secured loan that doesn’t require you to put up any property as collateral: guarantor loans.

A guarantor loan is one in which someone in addition to you signs their name as a responsible party on the loan agreement. This basically says that, if you are unable to make a payment or fulfil your role as the borrower, the co-signer or “guarantor” will take over the responsibility of that payment. Such a statement means that the lender can legally contact and request payment from the guarantor as opposed to coming after whatever property you might have otherwise used to secure the loan.

Because this is a type of secured loan, you would be far more likely to be offered a lower interest rate, since it’s less of a risk to the lender. You may also qualify for more funds than you would through an unsecured loan for the same reason. This may be ideal for people whose situation requires emergency funds, and their loved ones can’t directly let them borrow the money, but would be able to help them make payments in a pinch.

Finding the Best Lenders for Guarantor Loans

Once you have decided on a guarantor loan as opposed to another type of loan, the next step is to actually find a lender who will not only approve your application but do so with the best possible terms available to you. But how can you do that without racking up multiple hard credit inquiries on your report and potentially lowering your score a great deal? Finding the ideal lender for your guarantor loan can seem like an incredibly time-consuming and inconvenient task if you’re unsure of where to start.

Once again, NowLoan is the answer! Our free service allows you to enter in your information, the amount of money you’re looking to borrow, and the period of time over which you would like to pay it back. When we have that information, we then run it through our fast and secure system to sort through our entire panel of lenders, then match you with the ones that are most likely to approve your application given the criteria you provided.

This can be a game-changer for those whose credit rating would suffer greatly from repeated hard inquiries as a result of declined applications. It takes the guessing out of the equation and allows you to choose a lender from your list of matches with the confidence that you will most likely be approved. So, not only will you avoid the possibility of multiple new formal credit checks on your report, but you’ll also have the comfort and peace of mind from knowing the process will be quick and painless.

Getting a Guarantor Loan Quickly, Easily, and Conveniently

Gone are the days of having to walk, bike, or drive around the city in search of a loan company that may or may not be willing to lend to you. Even better, we save you the hassle of having to make countless phone calls or even do your own internet searches to find the right lender for you and your specific circumstances.

Instead, we streamline the entire process for you and take the information you provide us with, then run that information through our own search engine to pair you with the best possible match that will cater to your situation. After filling out a quick form, our service will help you compare guarantor loans from direct lenders and ensure that your valuable time is both respected and utilized as efficiently as possible.

Start by scrolling up to the top of this page and using the sliding panel to determine how much you’re looking to borrow, then click the green “GET MY QUOTE” button to be taken to the full search form. Select a loan term that will work best for you, ranging anywhere from 3 months to 3 years, then click whichever loan purpose best correlates with the reason you’re looking for a loan in the first place.

In the following sections, you’ll provide your basic information (name, date of birth, marital status, any dependents, and contact information), followed by your current income information. In the bottom sections, you’ll want to list any expenditures you regularly need to pay for on a monthly basis, including:

  • Rent/Mortgage
  • Existing loan payments
  • Utility bills
  • Transport costs
  • Food costs
  • Other monthly outgoings

For the “other monthly outgoings” section, be sure to include anything you pay on a monthly basis. Subscriptions, childcare costs, memberships, delivery services, etc.

Finally, provide the account number and sort code you would like the borrowed funds deposited into and select the card type. Then, once you’ve agreed to the Terms of Use and Privacy Notice, click the red CONFIRM APPLICATION button at the very bottom of the form. After a moment, the screen will populate with your list of potential lenders, allowing you to view each match directly from their own website and determine whether or not you would like to complete your application with that lender. If not, simply return to your NowLoan match results and pick the next one!

A huge headache when it comes to taking out a loan is always the paperwork, but thankfully, NowLoan’s form only takes approximately two minutes to fill out, and you can always complete the entire process online. You can wind up having your funds deposited into your bank account in as little as 15 minutes from the start of your search! This kind of speed will vary depending on the loan company’s policies and your circumstances, but many lenders end up getting you your money within the same day of your application.

Security and Peace of Mind

We promise you: You will never have to worry about being harassed by a ceaseless barrage of phone calls from Now Loan. We know that the constant stream of follow-up calls from lenders you haven’t even applied to can be one of the most stressful parts of trying to find a loan, which is why our service is 100% online.

Additionally, the information you provide us with is completely secured and kept private through NowLoan’s lender matching software. We don’t compromise when it comes to the security of your personal and financial information, and we wouldn’t want you to, either!

Finding a UK Lender Without a Credit Check

One of the scariest parts of applying for a loan can be the looming possibility that not only will you be declined, but you might also be declined multiple times before ever receiving the funds you need IF you receive those funds! Since multiple applications mean multiple hard inquiries or formal credit checks, your credit score can drop significantly if that worst-case scenario becomes your reality.

Luckily, Now Loan removes that risk altogether! Instead of forcing you to have to cross your fingers and hope that you’ll be approved for the loan after going through the hassle of filling out all of the application paperwork, our free service allows you to spend 2 minutes on a quick form, then sit back and relax while we do the work for you!

You’ll still have to choose a lender based on the match results we give you, but we take the guesswork out of it and make it so that you can breathe easy as you click that “Submit Application” button at the end of the process. We’ll match you with whichever lenders we believe are most likely to approve guarantor payday loans, or if your circumstances call for it guarantor loans for people with bad credit.

How NowLoan Can Help People Improve Their Credit

If you’ve found yourself in a position of emergent financial need and your credit score could use some work, we assure you you are not alone. But did you know that taking out a loan can actually help you improve your credit rating? If not, you may be wondering how that would even work, and we’re here to break it all down for you!

It’s important to know that the number of hard credit inquiries or formal credit checks on your report does have an impact on your score. The more inquiries you have in a given period of time, the harder the hit to your score. If you’ve gone a couple of years without applying for any kind of loan, credit card, car note, or mortgage or have only done so once or twice the effect of one new inquiry on your report will be negligible. However, if there have been numerous inquiries in a short period of time, any new inquiries can be pretty damaging.

This is why Now Loan wants to take the guesswork out of searching for and applying for a loan, as described above. But what about after you’ve received your funds? How does taking out the loan actually improve your score, as opposed to Now Loan just minimizing any negative impact?

Through the payments you make! One of the credit factors with the heaviest weight on your score is your payment history. Every payment you make in full and on time is a positive mark on your report, meaning that the longer you’re paying (regularly and completely) on a loan, the more your payment history is improving! In that regard, finding and receiving a loan through Now Loan’s services will:

  • Reduce the number of applications you submit, thereby minimizing any negative impact on your credit score due to formal credit checks.
  • Help you improve your score through building a solid payment history, adding positive marks to your rating every month you pay in full and on time.
  • Help you get the funds you need right now with confidence and peace of mind.
  • Making things significantly more convenient by ensuring you can complete the whole process from the comfort of your own home.

Your Next Step

If guarantor loans sound like the right category of loan for you, the last thing you have to do is fill out our form by scrolling back up to the top of the page and following the process as outlined above! We’re determined to help you find the financial assistance you need in the safest, easiest, fastest way possible, and look forward to helping you build toward your future successes.

If you find, however, that a different type of secured loan (such as using collateral like a car or other owned property) might benefit you more, or you’d rather see if you might be approved for an unsecured loan instead, feel free to look through other loan categories in our LOANS list at the top of the page for any information you need. The wonderful thing about Now Loan is there is absolutely NO downside to doing multiple quotes. We are a free service, so you don’t have to worry about any hidden fees or charges per quote, and since we don’t perform a formal credit check on your report, there is no negative impact to you whatsoever! So give us the chance to help, and we’ll do our best to make sure your needs are met!

Cookie Use
NowLoan uses cookies to enhance your website experience. Read more