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Guarantor Loans

Borrow £500 - £10,000 within 24 hours with a guarantor

Loan Calculator

Representative Example:

You're borrowing £4,000

Over a term of 36 months

Repayment £195.16 per month

Total repayable £7025.76

Interest rate 49.9% (variable)

Representative 49.9% APR (variable)

Representative 49.9% APR (variable)

We are Amigo, and we happen to be specialists in guarantor loans. If you're looking for a straightforward, hassle-free loan with no hidden agenda, then you've come to the right place. You can borrow between £500 to £10,000 and could have it paid out within 2-48 hours. No late payment fees, no early repayment fees, just no fees ever. You will only be charged your agreed interest rate on your guarantor loan, which is calculated daily. Simple, right?

Being a guarantor lender means you must have a guarantor in order to get a loan with us. Your guarantor needs to be a UK resident, aged 18-75 and be able to afford the loan repayments comfortably.


Our service is rated EXCELLENT by over 17500 customers

What is a Guarantor Loan?

Unlike a lot of modern lenders, we believe that if a friend or family member trusts you to make loan repayments, then we can too. This trust is so important because your guarantor must make any loan repayments. if for any reason you don't. So in a nutshell, this trust based lending, is what guarantor loans are all about.

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Who can be a guarantor?

It's completely up to you. As this person will be guaranteeing your loan, they should be someone who knows you well and not forgetting, someone who trusts you to make the repayments!

You should feel comfortable talking about your finances with them, as it's important your guarantor understands why you need them as part of the process. Being a guarantor is a big commitment and its essential both you and your guarantor know what is expected of you when you take out the loan.

Family and friends are the most common guarantors, but colleagues could also be a good guarantor for you; it's about finding someone who is happy to help you out financially. Finding the right person to be a guarantor is easier than you think - you just need to make sure it's someone who meets the following criteria:

Your guarantor doesn't need to be a homeowner, we can still accept those who rent, but they will need to have a strong credit history. There is a greater liklihood of your guarantor being accepted if they are a homeowner, as this usually means their credit score is higher.


How the guarantor loans process works

We know that time is valuable, and that's why our guarantor loan application process takes only minutes to complete - yes really! We've spent time creating the smoothest and quickest process possible to receive your guarantor loan. Both you and your guarantor can complete your applications online, and we may speak with you both before just to make sure you understand your responsibilities.

After your loan is successfully processed, your money will be deposited into your guarantor's bank account usually within 24 hours and they will then transfer the money to you. The reason we transfer the money to your guarantor's account is for fraud protection reasons.


What credit checks are involved?

Although we don't base our lending decision on your credit score, we run a quick credit check to ensure you aren't currently bankrupt or on an IVA (Individual Voluntary Agreement), DRO (Debt Relief Order) or similar. This will not impact your credit score.

We will run a soft credit check on your loan guarantor once they have signed their Credit Agreement, to check that they haven't had any problems paying bills in the past. This won't leave a mark on their credit report that any other lenders will be able to see and will not impact their credit score.

Sometimes a guarantor is not accepted for a variety of reasons, but you can apply with as many guarantors as you need to. We recommend having a back-up guarantor in mind, should the first guarantor not be suitable for your loan.

Award winning for a reason

We don't want to blow our own trumpet too much (okay, maybe we do a little), but we are proud winners of these awards.



    Best Credit Builder Product

  • Best Companies

    Best Companies 2019

    2 star 'outstanding' accreditation

  • Business Excellence Awards

    Business Excellence Awards 2019

    Excellence in Financial Technology

  • Credit Excellence Awards

    Credit Excellence Awards 2018

    Alternative Lender of the year - Finalist