SUCO Loans

SUCO are a leading guarantor lender specialising in approving loans for customers with bad credit. Borrow up to £15,000 with no upfront fees.



Minimum Age


Debit Card


Credit Checks

Yes, using Equifax

Other Requirements

Guarantors must be homeowners

Same Day Transfer Available

Yes, or within 48 hours

Loan Value Available

£1,000 to £12,000

Representative APR

39.9% APR

Loan Length

Up to 7 years

Credit License Number


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.
  • Direct
  • guarantor
  • credit
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SUCO offer guarantor loans ranging between £1,000 to £15,000 and are repaid in equal monthly instalments for 24 months up to 84 months. Based in Essex, SUCO offer a competitive 39.9% APR. The application is completely online with no upfront fees and there is same day funding for successful applicants.

As a guarantor lender, the loans offered are unsecured so you don’t have to risk your assets as part of the application but you require a second person to act as a guarantor and agree to pay the monthly instalments if you cannot.

What Can I Use A SUCO Loan For? 

SUCO’s website states that their guarantor loans can be used for:

  • home improvements
  • emergencies
  • car loans
  • career development
  • peace of mind

Guarantor loans are ideal for borrowers looking to gain access to funds but have been denied by banks and commercial lenders due to poor credit. By having a guarantor with a good credit rating, you are able to ‘piggy back’ off their credit score and get the funds you need. This is why SUCO accept customers with bad credit, CCJs, defaults and lack of credit history.

In addition, since customers can borrow for up to 7 years and repay in small monthly instalments, a SUCO loan offers flexibility and should be easier to manage than the loans from other high street lenders.

How Does The Application Work for SUCO Loans? 

All applications with SUCO loans are processed online. As a direct lender, you can apply directly on the SUCO website by clicking through this page and you will be in contact with them throughout your entire application.


Applicants will start by providing details including their name, address, contact details, income and employment and also give information about their guarantor.

SUCO will carry out a series of credit checks and affordability on both the applicant and the guarantor. Using credit reference agencies such as Equifax, SUCO can gain access to credit files that provide information on credit history, debt and loans outstanding. The affordability measures confirm the levels of income and employment through pay-slips and bank statements. Using this information, SUCO can assess whether you are eligible for a loan, how much you are able to afford and repay.

By having a guarantor with a good credit history, it will increase your chances of being approved. A guarantor is usually a family member, friend or colleague. SUCO insist that guarantors are aged between 18-75, have a regular income and are UK homeowners because it will demonstrate a high credit rating and mean that the guarantors are less likely to leave the country if they have a property.

Most SUCO Loans are transferred to the guarantor’s bank account within 1 to 2 days. The guarantor can decide to send the money to the borrower or change their mind and send it back to SUCO. To speed up the process, borrowers and guarantors can make themselves more available to confirm their information over the phone and provide relevant documents.

How Does Repayment Work For Suco Loans? 

Repayments with SUCO are made in equal monthly instalments. SUCO offer between £1,000 and £2,000 for up to 2 years but if you want to borrow up to £15,000, you have the choice to repay over 7 years if you wish. Customers have the option to repay early at any point and it is typically cheaper to do so. For similar, see TFS Loans.

Useful Information About SUCO Loans 

Company number: 04771931

Interim Permission Number: 557065