Buddy Guarantor Loans

Buddy Loans are the new, friendly guarantor lender. Borrow up to £10,000 with no fees and a friendly service. All  credit considered. Homeowner and tenant guarantors accepted.



Minimum Age


Debit Card

Yes - Direct Debit Facility Accepted

Credit Checks


Other Requirements

Guarantor does not have to be a homeowner

Same Day Transfer Available


Loan Value Available

£1,000 to £7,500

Representative APR


Loan Length

1-5 years

Credit License Number


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.
  • Direct
  • guarantor
  • credit
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Buddy Loans are one of the largest guarantor lenders in the UK. You can borrow between £1,000 and £10,000 and repay in monthly instalments for 1 to 5 years.

The guarantor you need as part of the loan application can be either a tenant or a homeowner. Buddy recommend your guarantor to be a good friend, family member or work colleague who you are a good person and can repay your loan.

Here is a video all about Buddy Loans:

Who is a Buddy Loan for?

The Buddy Loan website states that their guarantor and bad credit loans are ideal for the following people:

  • Someone who may not have any credit and is looking to build a credit history
  • Someone who may have had bad credit in the past, they can be loans for people with bad credit
  • Anyone who may be in need of loan quickly, without loads of paperwork and hassle


We appreciate that people may have a bad credit history or no credit history and it is not always their fault. It could be because they are young or have had to make repayments on behalf of family members. But by having a guarantor, especially with good credit, you increase the chance to access the funds.

Also, if you are accepted for a loan and repay it on time, the information that you have repaid is paid onto their credit reference agency, such as Experian or Equifax and this allows you to rebuild your credit rating. So if you are looking to build up your credit score, a Buddy Loan can help.

There is the fact that Buddy Loans can get you the loan you need quickly. This is ideal for emergency expenses such as car repairs, broker boiler, funeral or medical bills. With an instant decision at the end of the application and same day funding, you can get the finance you need.

What is the Criteria for a Buddy Loan?

To be eligible for a Buddy Loan, you must be over 18, living in the UK, have a working debit card, email address and mobile phone and you must be employed.

Having a guarantor is key and ideally, you want a guarantor with a good credit score because this means that they will have a history of repaying loans on time and will likely cover the cost of your loan if you cannot. In fact, Buddy Loans have their own criteria for guarantors, below:


Buddy will carry out credit checks on both the borrower and the guarantor to get an idea of their credit history and likelihood of repaying a loan. However, as mentioned on their ‘your loan will be primarily based on your ability to repay your loan. That’s why a guarantor loan is a great loan for those with bad or no credit history.’

Can I repay my loan early?

Yes, Buddy allow you to repay your loan early with no additional fees. You will save money by repaying your loan early with them.

Useful Information about Buddy Loans

Interim Permission no. 651272.

Registered company number 08089541.

Registered with the Information Commissioner’s Office Z3239423.

Registered Address: Alexandra Court, Carrs Road, Cheadle, Cheshire, SK8 2JY

T: 0161 850 4141