Direct Guarantor Loan Lenders are those that will process and fund your application with no brokers involved. We are a comparison website which is authorised and regulated by the FCA. We have hand-picked a few of the best direct lenders in our comparison table below. Our ‘Direct to Lender’ option allows you to submit an application directly to a lender of your choice and once completed in just a few minutes, a representative from the lender will contact you in order to discuss your application. If your application is successfully approved, funds can be transferred in 24 to 48 hours.
Buddy Guarantor LoansBuddy Loans are the new, friendly guarantor lender. Borrow up to £7,500 with no fees and a friendly service. All credit considered. Homeowner and tenant guarantors accepted. Loan Amount£1,000 to £7,500Representative APR49.9% APR variable (£1,000 to £7,500)Loan Term1 year to 5 years The Representative APR is 49.9% APR (variable) so if you borrow £2,500 over 24 months at a rate of 41.16% p.a (fixed) you will repay £154.54 per month & £3,750.17 in total.
TrustTwo Guarantor LoansTrustTwo is one of the most popular guarantor lenders in the UK. Customers can borrow £500 to £10,000, repay over 5 years and guarantors accepted include homeowners, tenants and those living with parents. Apply below: Loan Amount£500 to £10,000Representative APR49.5% APR (£500 to £10,000)Loan Term1 year to 5 years Representative Example: Borrowing £4,000 over 3 years at an interest rate of 40.9% p.a. (fixed), you will repay 36 monthly payments of £194.55. Interest payable £3,003.80. Total repayable £7,003.80. Representative 49.5% APR.
TFS LoansTFS Loans let you borrow up to £15,000 and repay in monthly instalments. They are an established guarantor lender and have been around since 2009. Loan Amount£1,000 to £15,000Representative APR39.9% APR (for loans £8,000 - £15,000)Loan Term2 years to 7 years Representative Example: The Representative APR is 39.9% APR (fixed) so if you borrow £8,000 over 5 years at a rate of 39.9% p.a (fixed) you will repay £279.20 per month & £16,752.00 in total.
Bamboo Guarantor LoansBamboo offer guarantor loans and unsecured loans from £1,000 to £8,000 and repaid over 1 to 5 years. Loan Amount£1,000 to £8,000Representative APR49.7% APR (£1,000 to £8,000)Loan Term1 year to 5 years Representative Example: The representative APR is 49.7% APR (fixed), so if you borrow £2,600 over 3 years at a rate of 41% p.a.(fixed) you will repay £126.61 per month & £4,557.89 in total.
1Plus1 Loans1Plus1 are a trustworthy and reliable lender offering guarantor loans ranging from £500 to £10,000 that are repaid over 12 to 60 months in equal instalments. Loan Amount£500 to £10,000Representative APR47.8% APR variable (£500 to £10,000)Loan Term1 year to 5 years Representative Example: £3000 over 3 years, representative 47.8% APR Fixed. Monthly payment £143.84. Annual interest rate 24.2% Fixed. Interest payable £2170.24 Total payable £5178.24
Amigo Guarantor LoansAmigo Loans is the largest guarantor loan lender in the UK. The Bournemouth-based company has approved over 200,000 loans since they were founded in 2005. Loan Amount£500 to £10,000Representative APR49.9% (£500-£10,000)Loan Term1-5 years Representative Example: The Representative APR is 49.9% APR (variable) so if you borrow £4,000 over 3 years at a rate of 49.9% p.a (variable) you will repay £195.16 per month & £7,025.76 in total.
MASA LoansMASA loans is part of Buddy Loans and offers guarantor loans from £1,000 to £7,500 repaid in monthly instalments over 1 to 5 years. No admin or upfront fees for applying. Loan Amount£1,000 to £7,500Representative APR49.7% (for loans £1,000 to £7,500)Loan Term1 year to 5 years Representative Example: Borrow £7,500 over a period of 36 months (3 years), repaying at a rate of £365.48 each month, the total repayment amount including admin fees and interest, will be £13157.28. Fixed interest rate of 31.9% and a Representative APR of 49.7%.
UK Credit (Homeowner Guarantor)UK Credit are one of the leading guarantor loan lenders. Borrow up to £10,000, no upfront fees, 39.9% APR and applications won't affect your credit score. Loan Amount£1,000 to £10,000Representative APR39.9% APR (£3,000 to £10,000)Loan Term1 year to 5 years Representative Example: £4,500 over 3 years, representative 39.9% APR fixed. Monthly payment £201.15 Annual interest rate 34.05% fixed. Interest payable £2,741.40. Total repayable £7,241.40.
SUCO LoansSUCO are a leading guarantor lender specialising in approving loans for customers with bad credit. Borrow up to £15,000 with no upfront fees. Loan Amount£1,000 to £15,000Representative APR39.9% APR (for loans £8,000 - £15,000)Loan Term4 to 7 years Representative Example: The representative APR is 39.9% APR (fixed) so if you borrow £8,000 over 5 years at a rate of 39.9% p.a. (fixed) you will repay £279.20 per month & £16,752.00 in total.
Talk Loans – BrokerTalk Loans is a specialist broker helping customers find the best guarantor loans to suit their requirements. With a close relationship to the UK's leading providers, they prefer to 'talk' to each applicant and guide them through the journey, which Loan Amount£500 to £15,000Representative APR39.9% to 49.7% Loan Term12 months to 60 months Representative Example: Borrow £4,000 and pay back your loan over 36 months. Monthly payments of £194.78. Total amount repayable is £7,012.08. Interest payable is £3,012.08. APR of 49.7%. Interest rate of 41%. Fixed rate.
What is a Guarantor Loan Direct Lender?
A guarantor loan direct lender is one which allows you to apply for a guarantor loan directly on their website. A guarantor loan is like a normal loan between an individual and a lender but the difference is there is a ‘guarantor’ also involved in the transaction. The guarantor is someone that the individual knows like a family member, friend or colleague and this person typically has a good credit history and agrees to cover the cost of the loan if the borrower defaults on repayment. Many see a guarantor loan as a good opportunity to obtain finance if they do not have good credit and need the help of a friend to get the funds they need.
With a direct lender, the entire application, correspondence, funding and collection is processed with the lender. With several comparison sites, an individual’s details can get passed onto multiple companies at once, leading to the customer being bombarded with phones calls and text messages.
How We Are Different
We are passionate about sending you directly the lender so you know who you are dealing with from start to finish. Whilst many brokers in the loans industry will pass on your enquiries to multiple companies, you have peace of mind knowing that your application is only going with your chosen lender who will be dedicated to processing your application and approving your guarantor loan. Unlike brokers, we do not take a fee from the customer, instead only taking commission from the lender so our site is free for customers and remains free forever.
We only work with a small number of lenders so whilst you may receive a follow up call or two, it will be from a small select group of lenders who are fully vetted and authorised by the Financial Conduct Authority.
We only receive commission from the lender when the loan is funded. Therefore we never take any fees from the customer and only receive money if you do too.
What is a Direct Lender?
Direct lenders are generally the first choice for borrowers when it comes to applying for a guarantor loan of up to £15,000. When individuals are looking to apply for a loan and they are providing their personal details, they want to know who they are dealing with and don’t want any surprises. They want to ensure their details are kept safe and confidential and they will not be bombarded with emails, phone calls and text messages from third parties.
So by applying with a direct lender, you will simply fill in your details and your guarantor’s details and provided that you have passed the checks carried out by guarantor lenders, they will be able to transfer the funds to you on the same day.
What is The Difference Between a Lender and a Broker?
A direct lender will directly process your application and directly transfer the funds into your account. By comparison, a broker will act as an agent on behalf of the lenders thereby taking down your details and passing these on to other companies who may be able to offer you a loan. The broker will usually take an introductory fee from the lender.
You can see in the diagram above how a direct lender is simply between an individual and lender but a loan broker will pass on your details to a series of other lender. The advantage of working with a broker is that if you are not confident that your application will be successful, they should be able to help you find a loan by sharing your details with other potential lenders.
Guarantor Loan No Broker – What Does This Mean?
People type into Google ‘guarantor loan no broker’ or ‘guarantor loan not brokers’ because they want to work with just the lenders instead. Some individuals may have had bad experiences in the past with brokers and are therefore specifically looking to avoid such brokers. Above all, there will be no hidden fees for applying with a direct lender, you will simply pay the interest of the loan that is charged by the lender. Ways to spot a broker include phrases such as:
- 100% Guaranteed loans: The broker will aim to offer you a guaranteed loan by passing on your details to other lenders who may accept your criteria.
- No Credit Check: This is mentioned because the broker won’t run any credit checks on you but the lenders you are passed onto will always run a credit check.
- Our panel of lenders: This refers to the other companies that you could be referred to.
If you are looking at a loan site and are about to fill in your personal details, you could take 2 minutes to check if the company is fully registered and licensed and whether they are a broker or a lender.
You can check the FCA Financial Services Register. Just enter the company’s name (which you might find on the footer of the website) and you can find out more about them.
Other Fees To Be Aware Of
Although working with one of our lenders means that you won’t be charged any upfront fees or broker fees, it is possible to be charged extra fees.
For instance, some lenders will allow you to be transferred your funds quicker by paying a fast payment fee. This is ideal for an emergency if you need money on the same day and cannot wait 48 hours such as home repairs, medical bill or paying rent.
You may be charged a default fee if you miss a payment. You can be charged a default fee of up to £30 for every missed payment and daily interest can be added to your outstanding balance for every day that your payment is overdue.
To avoid these fees altogether, it is worth doing some calculations before you apply and making sure that you can actually afford your loan. It is important to budget and consider how you are going to repay each month, whether it is through your monthly salary, a bonus or inheritance that you are expecting.
High cost short term loans are designs to cover urgent expenses and fill a short-term gap in finance, therefore, you should think carefully before applying and be aware that high cost loans can cause financial problems. For advice about brokers and fees, you can read the information here from the MoneyAdviceService.
Direct Guarantor Loan Lenders From GLC
The lenders we feature are completely online and it is rare to find guarantor loans on the high street. Using our comparison table, you can compare guarantor loans and by selecting the lender of your choice, you will be complete an application form that is reviewed by our team to help guide your loan to approval.
The entire process is online from filling in your details to getting the funds transferred to your account electronically. The only thing that isn’t online is a quick phone call to you and the guarantor to ensure you understand the risk of taking out a guarantor loan and how failing to repay on time may increase the cost of the loan and cause a negative impact on your credit rating.
We are committed to providing a transparent service to our users and if they are looking for a guarantor loan, we want to provide them with one. Every lender we feature is vetted beforehand to ensure that they have an FCA license and follow the criteria for responsible lending. We only work with guarantor lenders in the UK to ensure that you are dealing with real UK-based companies who are most likely to accept your application.