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.





Minimum Age


Debit Card


Credit Checks


Other Requirements

Tenants and Homeowners Accepted

Same Day Transfer Available


Loan Value Available

Up to £6,000 for Tenants & Up to £10,000 for Homeowners

Representative APR


Loan Length

1-5 years

Credit License Number


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.
  • Direct
  • guarantor
  • credit
Apply Now

UK Credit are based in Norwich and one of the leading guarantor lenders in the UK. They offer a completely online application and are direct lenders meaning that if you click apply now through this page, you will be taken directly to their website where you can apply, with no middlemen in between and no upfront fees for applying.

One of their best attributes is their attention to customer service. With a live chat function, you can ask any question and will receive a response from one of their dedicated staff in a matter of seconds.

What is the criteria to apply for a UK Credit loan?

To apply for a UK Credit loan, you must be:

  • Aged 18 to 65
  • UK resident
  • Employed or Self Employed Full Time or Part-Time
  • Have a working email, mobile and debit card account
  • Must not have experienced debt management problems, Individual Voluntary Arrangement or Bankruptcy in the last 12 months.

All applicants must have a guarantor to be part of the loan transaction. The UK Credit website recommends that this person is a friend, partner, family member or colleague who acts as a ‘back-up’ and will cover the cost of your loan if you cannot fulfil repayments.

Both Tenants and Homeowners can be approved

Unlike most guarantor loans in the UK, UK Credit accept customers that are tenants – meaning that they currently live in rented accommodation.

Most other lenders in the industry only offer loans to those that are homeowners. This is because someone with a mortgage is likely to have a better credit rating, is used to making monthly repayments and also less likely to skip town if they have a property.

With UK Credit, homeowners can borrow up to £10,000 with the following repayment example:

Representative Example: The Representative APR is 38.9% APR (fixed) so if you borrow £4,500 over 3 years at a rate of 33.33% p.a (fixed) you will repay £199.26 per month, interest payable of £2673.36. & £7,173.36 in total. 

For tenant guarantor loans, there is slightly more risk that they could leave their premises at any time and be harder to contact. UK Credit offers tenants a maximum of £6,000 with the pay format below:

59.9% APR Representative (Fixed) Representative Example £3,000 over 3 years, representative 59.9% APR fixed. Monthly payment £158.39. Annual interest rate 47.85% fixed. Interest payable £2702.04. Total repayable £5702.04.

How does the application work?

The application is completed 100% online and customers will be required to provided to enter their name, contact details, address, monthly income, mortgage/rent and how much they wish to borrow.


Applicants will also be required to enter the details of their guarantor and the option to choose more than one if they wish.

In terms of next steps, both parties will undergo credit and affordability checks to assess whether they can afford to borrow the required amount. The borrower and guarantor will be required to answer a few questions over the phone to confirm their identity and make sure they both understand the terms and responsibilities of the transaction.

Both parties will be required to electronically sign the loan agreement which highlights the details of the loan. The ‘Esign’ is carried out by opening up the loan agreement in an email and then verifying the agreement using a pin code that was sent to both parties’ mobile phone.

Once complete, the funds can be sent within 24 to 48 hours. The monies are always sent to the guarantor’s bank account who can then decide to go ahead and give the money to their friend or exit the deal and send the money back to the lender. There is usually no charge sending the money back provided it is done within 2-3 days.

How UK Credit offers flexibility

One of the best things about their loans is that you can repay early if you need to and it will be cheaper to do so. If your financial situation improves due to a bonus at work, new salary or inheritance, there is no need to continue paying off the full interest and loan over 5 years – you can simply pay early and save money. You will only get charged for the daily interest that you have accumulated and around 2 months interest as well.

Another bonus feature is that existing customers can top up at a lower interest rate. So if you need extra funds due to car repairs or medical bill, you can receive the funds you need at a reduced rate.

About UK Credit

UK Credit Limited is Registered in England No 6929807.

Credit License Number 631483.

Registered with the Information Commissioner’s Office Z2022318.

Registered office address: St Crispin’s House, Duke Street, Norwich NR3 1PD.