Guarantor Loans, Direct Lender Options for Your Financial Needs

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The cost of borrowing £300 over 6 months:

Fast Loan UK £507.48

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Warning: Late repayment can cause serious money problems. For help, go to moneyhelper.org.uk

Representative example:

Borrow: £300 over 8 months. 8 repayments of £70.31. Total amount payable £562.44. Interest rate: 130.21% pa (fixed). Representative APR: 840.75%

If you’re struggling to get approved for a loan because of your financial history, a guarantor loan could provide the support you need. This type of loan lets you borrow money with the help of someone you trust who agrees to back your repayments if you’re unable to keep up.

At Fast Loan UK, we offer an alternative to a guarantor loan with fair terms and the possibility of a same-day decision, even if you have a poor credit history. Before you apply for a loan of up to £800 for new customers (maximum £2000 for returning customers), it's important to assess your financial situation and ensure you can manage the repayments.

What Is a Guarantor Loan and How Does It Work?

A guarantor loan is designed for people who may find it difficult to borrow money on their own. Instead of relying only on your credit history, guarantors who often are a friend or family member, agree to step in if you miss payments. This makes borrowing more accessible to people who may have bad credit. The borrower applies for a loan, and the guarantor, who must meet certain requirements, agrees to take responsibility for the loan repayments if the borrower defaults. Both parties should understand their responsibilities before proceeding.

With payday loans with a guarantor, you can apply for smaller, short-term amounts to cover urgent bills or unexpected expenses. The eligibility criteria for both borrowers and those who can act as a guarantor typically include being financially independent, trustworthy, and meeting lender-specific requirements.

Here at Fast Loan UK, you can apply for no guarantor loans as long as you are:

Aged 18 years or over
Current UK resident
Be in Full-Time, Part-Time or Self-employment
Receive a regular income
Have a valid bank account and debit card

These requirements help ensure loans are given responsibly and that repayments are manageable.

Benefits of A Loan With A Guarantor

Guarantor loans with a direct lender offer several unique advantages, especially for people with poor credit or a limited credit history. One of the main benefits is that they allow you to borrow money from a direct lender even if you have a poor credit score or have struggled with bad credit in the past. By having a guarantor with a good credit history, you can access funds that might otherwise be out of reach.

Another significant benefit is the opportunity to rebuild your credit score. Making regular monthly repayments on your guarantor loan shows lenders that you can manage credit responsibly, which can help improve your credit rating over time. Guarantor loans also tend to offer more flexible loan terms than payday loans, allowing you to choose a repayment schedule that fits your financial circumstances. Whether you need a short-term solution or a longer loan term, a guarantor loan with same-day payout can be tailored to your needs, making them a valuable option for many borrowers.

Can I Get a Guarantor Loan If I Have Bad Credit?

Yes, a guarantor loan can be an option even if your credit score isn’t strong. Many people who have faced financial difficulties in the past struggle to access credit, but a loan with a guarantor helps increase your chances of approval. Some people may also consider a bad credit loan as an alternative, though this may come with higher interest rates. The guarantor acts as additional reassurance to the lender that the loan will be repaid on time.

Your guarantor will need to have a stronger financial profile than you, often with a stable income, good credit history, and sometimes even a homeowner status. This doesn’t mean the loan will automatically fall on them, as the borrower, you’re still responsible for repayments. But it does provide the security lenders need to say “yes” to your application.

Why Choose Fast Loan UK for Guarantor Loans?

Fast Loan UK is an FCA-regulated direct lender with a focus on helping people who need short-term financial support. Unlike some brokers, we manage the whole process ourselves, which means fewer delays and no unnecessary middlemen.

At Fast Loan UK, we know that when you need a loan, speed and clarity are essential. Our straightforward online application process makes it easy to apply in just a few minutes. If approved, you could have your money on the same day, giving you fast access to funds when you need them most. With flexible repayment terms and a supportive approach, we offer non-guarantor and guarantor loans as a direct lender, with competitive terms and features.

Loan With A Guarantor Terms and Conditions

Before you get a guarantor loan, it’s important to fully understand the loan terms and conditions. The loan contract will clearly state the loan amount, interest rate, repayment schedule, and any additional fees. Take the time to review the loan agreement carefully so you know exactly what is expected of you and your guarantor. This includes understanding the consequences of late repayment, which can affect both your credit history and your guarantor’s.

You’ll also need to provide details such as your bank account information, proof of income, and employment status. Make sure you can comfortably afford the monthly repayments and that your chosen guarantor is suitable and willing to co-sign the loan. Remember, guarantor loans with a direct lender are not the right choice for everyone.

Apply for a Guarantor Loan Today

If you need financial support but have struggled to borrow in the past, a guarantor loan from Fast Loan UK could be the right choice, allowing you to get a loan quickly and easily. With a simple application, fast approval decisions, and the potential for same-day payout, we’re here to help when money is tight.

Apply today for a guarantor loan with same-day payout and take your next step with confidence. Want to apply for a loan without the need for a guarantor? We can offer various quick loans that you may be eligible for. Choose up to 8 months repayments as a new customer and up to 12 months if you are a returning, trusted customer. If you have any questions, please contact us.

Guarantor Loans With A Direct Lender FAQs

What’s the difference between a guarantor loan and a payday loan?

A payday loan is usually based only on your creditworthiness, while a guarantor loan allows you to borrow with the support of someone else who agrees to cover repayments if needed. This makes guarantor loans more accessible for people with bad credit, as lenders have added security through your guarantor’s backing.

Can I get a guarantor loan with bad credit?

Yes, guarantor loans with a direct lender are designed to help people with poor credit who may struggle to borrow otherwise. Having a guarantor gives lenders confidence that repayments will be made, even if you face difficulties. While your guarantor must meet certain criteria, it can open the door to borrowing when other options aren’t available.

How quickly can I get the money?

Once your guarantor has been approved and the loan agreement signed, we aim to transfer funds as quickly as possible. In many cases, you could receive a guarantor loan with same day payout, meaning you’ll have access to the money you need without long delays.

Who can act as my guarantor?

Typically, a guarantor is a trusted friend or family member who has a stronger financial background than you. They usually need to have a steady income, a good credit history, and sometimes be a homeowner. The most important factor is that your guarantor understands and agrees to take responsibility if you’re unable to pay.

What happens if my guarantor can’t pay?

If you miss repayments, your guarantor will be asked to step in. If they also can’t pay, this can impact their credit history as well as yours. For this reason, it’s vital that both you and your guarantor fully understand the responsibility before applying. At Fast Loan UK, we’re always transparent, so you know exactly what to expect with our payday loans with a guarantor.

Guarantor Loans With A Direct Lender

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