MASA Loans

MASA 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.




Minimum Age


Debit Card


Credit Checks


Other Requirements

Guarantors can be either tenants or homeowners

Same Day Transfer Available

Yes, or within 48 hours

Loan Value Available

£1,000 to £7,500

Representative APR

49.7% APR

Loan Length

Up to 5 years

Credit License Number


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%.
  • Direct
  • guarantor
  • credit
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MASA Loans – About The Company

MASA is based in Manchester and part of the large guarantor loan company Buddy Loans. They are dedicated to offering an honest and fair approach to the short-term lending industry.

Founded in 2013, the company’s slogan is ‘the perfect link’ referring to how the borrower and the guarantor come together in order to obtain a loan. Customers tend to have less than perfect credit scores so it is ideal to have a guarantor with a good credit score as this will increase your chances of being approved – the lender feels more confident that they will reclaim their funds. The MASA website suggests that the ideal guarantor is someone like a close family member or friend, grandparent or sibling. For more information, visit our guide on who could be my guarantor.

What Is The Criteria For Applying?

  • 18 years old or older
  • Hold a UK bank account
  • Have a valid UK debit card
  • You need to make sure you can make the repayments, so ideally in employment full time or part time
  • UK resident, excluding the Channel Islands or the Isle of Man
  • Cannot have an existing bankruptcy order or IVA
  • Own a valid UK mobile phone and email address so you can be contacted and Esign the loan agreement

The Criteria For Being A Guarantor

The criteria for being a guarantor is slightly different as this the most important factor that determines if your loan will be successful.

In addition to owning a valid bank account, debit account, mobile phone and email address, your guarantor must be over 25 years of age and in employment, earning a minimum of £1,000 per month. It is ideal that the guarantor has a good credit history as this makes the lender feel more secure that the loan will be repaid if the main borrower defaults. Unlike some lenders we feature that state the guarantor must be a homeowner, MASA offer non homeowner guarantor loans – so the guarantor can be a tenant.

Traditionally, lenders want the person guaranteeing your loan to be a homeowner because it suggests a stronger credit rating to get a property in the first place and means they are less likely to leave and are easier to contact in the event of arrears.

Other Information About MASA Loans

The application with MASA is completely online so by clicking on ‘apply now,’ you can be taken directly through to their website where you can apply in less than 5 minutes. You will be required to provide details about you, where you live, your employment and bank details so they can run a credit check and also so they know where to transfer the funds. You will also need to provide information about your guarantor including their name and address.


You will be contacted by phone to confirm your details. Your guarantor will also be contacted by the MASA team who need to make sure that they understand the responsibilities and terms of the agreement. Both parties will need to electronically sign the loan agreement using an email link and a pin code sent to their mobile phones. This fixed sum loan agreement will highlight all the details, timeframes, repayments and points of the loan.

Since the first guarantor chosen by the customer may not be approved, you have up to 45 days until your application expires, giving you the chance to find additional guarantors if need be.

Provided the application and checks have been successful, the funds can be transferred to the guarantor’s bank account within 48 hours. This person can then choose to send the funds to the borrower or they can change their mind about the loan transaction and send the money back to the borrower.

Useful Information

Credit License Number 662983 (FCA)

Registered with the Information Commissioner’s Office ZA034249.

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

How Our Site Works

At Guarantor Loan Comparison, we offer a free way to compare loans. Using our comparison table, we feature lenders that are FCA registered, are pro-actively funding loans and follow the responsible lending and treating customers fairly criteria.

We are an FCA licensed comparison broker. We do not request your details or charge any upfront fees and to apply, all you need to do is click on the lender of your choice (such as MASA) and you will be taken directly through to their website.