Loans like Wonga refer to the other companies that can lend you a few hundred pounds until payday. We feature a number of payday lenders and guarantor lenders on our website so that you can borrow hundreds or thousands of pounds for emergency purposes. We are a broker site licensed by the FCA and offer a free comparison service. Simply review the loan options and click on apply now to be taken directly to the lenders’ website.

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Everyday Loans

Everyday Loans offer unsecured personal loans of up to £15,000 without a guarantor which can be used for any occasion including home improvements, new cars and weddings. 
Loan Amount£1,000-£15,000Representative APR79.4% (£1,000-£15,000)Loan Term24 - 60 months Borrowing £3,000 over 2 years at an interest rate of 59.9% p.a. (fixed), you will repay £217.24 per month. Total amount payable £5,213.68. Representative 79.4% APR

Warning: Late repayment can cause you serious money problems. For help, go to

Huzzah! You’ve found this page because you may have used loans or sites like Wonga in the past and are looking for something similar. Maybe its because you want to try out a different lender or because you already have a payday loan and want to take out a similar loan to pay it back.

Well at Guarantor Loan Comparison, we offer something slightly different. We feature loans like Wonga in the sense that you can borrow a few hundred pounds in less than 24 hours and repay on your next payday – the only difference is that with our list of guarantor lenders, you require a guarantor in order to be eligible for a loan.

A guarantor is someone that you know such as a family member, friend, acquaintance of person from work. Their role is to simply agree to cover the cost of the loan if the main borrower cannot afford to repay. Usually a guarantor has a better credit rating than the person who is applying for the guarantor loan. So the idea is that the lender believes that there is good security and if they provide the loan, they guarantor should be able to meet the repayments on their behalf – so overall this leads to a much higher conversion rate.

Payday loans from Wonga

So the way a payday loan works is that you don’t need a guarantor to get a loan. You can simply apply directly with the lender and if successful, up to £400 (and £1,000 for repeat customers) can be transferred to your account on the same day.

The idea of a payday loan is to tide you over until your next payday. So if you need money for an emergency like a broken boiler, car repair or dental bill, you can get the injection of cash and then repay automatically via direct debit when you next receive your salary from work, typically the last day of the month.



Looking for sites like Wonga? Ours are slightly different…

Characteristics of payday loans include:

  • Typical Representative APR of 1,200%
  • No guarantor required
  • Average size loan is £300
  • Average duration is 2 weeks
  • Used for short term emergencies

With the guarantor loans on our website, there is a greater chance of approval is you have bad credit. This is because someone with a poor credit rating can have a guarantor with a good credit score and this will make the lender confident of collecting their repayments. Ideally, a guarantor that is a homeowner is very likely to get the loan approved for their friend, because someone who owns a property must have demonstrated a good history of credit and also be less likely to leave their property and go AWOL.

A guarantor loan is longer than Wonga

A payday loan lasts until your next payday, so usually around 30 days and up to 45 days for some lenders. Usually, they consist of being high cost loans in a short space of time which is why their APR is typically over 1,000%.

By comparison, a guarantor loan lasts from 6 months to 5 years and is paid in monthly instalments. Being able to spread the repayment over time makes the loan cheaper which is why the guarantor APR ranges from 40-50%.

Some borrowers don’t want the hassle of paying the loan so quickly which is why many people prefer the flexibility to pay over a longer period of time. You feel less stressed knowing that your full repayment is not due at the end of this month but over a number of years.

There’s the added bonus that if you are able to get back on your feet financially, you can repay the loan off early and save money for doing so. The cost of the loans we feature are based on a daily interest so the longer you have the loan open, the more you pay. So the sooner you pay it off, the cheaper it will be.

Borrow more 

With typical payday loans, the most you can borrow is around £400 for your first loan. Then if you can repay numerous loans on time, they may extend your borrowing facility up to £1,000 or £1,500 (Quickquid). How much you can borrow will always depend on whether or not you can afford to repay based on your salary and expenses.

What’s great about a guarantor loan is that the lender may allow you to borrow up to £7,500 because you are spreading the repayment over time. You can get the money you need in one lump sum. So if you have a real emergency, you have the option to borrow quite a lot to get it sorted. If your house is flooded or you need a new car, sometimes a few hundred pounds from a payday loan is not enough and this is why guarantor loans can be better suited to large expenses.

Financial support from your guarantor

If you are unable to repay your guarantor loan, you have the financial support of the person who has agreed to be your guarantor. Usually there is a loan agreement which has to be signed by all three parties before granting the loan. Compared to loan companies like Wonga, if you are unable to pay, you have the debt hanging on your head and whilst the late fees accumulate, you have to find a way to repay whether this is taking out other expensive loans or going into IVA or debt management. So in other words, having that extra support from your guarantor makes life a lot easier.

At GLC, we compare guarantor loans, ranging from £500 to £7,500, repaid from 6 months – 5 years with an APR of 40-50%. Our site is completely free to use and we keep it free by taking a commission from the lender for every successful applicant. Our site will always be free to use and we will never take down your details or pass on your details to third party companies.