WARNING: LATE REPAYMENT CAN CAUSE YOU SERIOUS MONEY PROBLEMS. RATES FROM 45.3% APR TO 1575% APR FOR HELP, GO TO MONEYADVICESERVICE.ORG.UK

The Very Best Loans with Loantra

Short-Term Loans

Apply Today to Borrow up to £995

*Online decision

*Responsible lenders

*Rates from 278% to 1576%

*3-12 month repayment

Personal Loans

Apply Today to Borrow up to £25,000

*Instant Decision

*60-Second Application Form

*Rates from 4.7% to 278%

*3-36 month repayment

What Loantra can do for You

Guarantor Loans With Same Day Pay-Outs

Guarantor loans are in many ways among the most convenient and useful types of loans for a wide range of borrowers. In theory, a guarantor loan can help you to get more money, more quickly while spending less on fees and APR.

A guarantor loan makes it possible for someone with bad credit to get a loan at a good rate and to do so without the risk of losing their home or vehicle. It’s a relatively new option and it’s something that you should definitely consider if you’re looking to get a loan.

What is a Guarantor Loan?

If you have failed in the past to make repayments, then this makes it more likely from the perspective of a lender that you might fail to pay their loan back too. That in turn will make them cautious to loan you the money and you will thus either end up paying more, or not getting the loan at all.

There are all kinds of ways you can get around this. One is to take out a more expensive loan through a no-credit-check lender. Another is to secure your loan against your property or to take out a title loan, thereby securing the loan against your vehicle.

A guarantor loan however means that you are essentially securing the loan against a friend or family member! Here, the guarantor signs a contract and thereby agrees that they will help to pay for your loan in any instance where you are unable to pay for it yourself. This means that the lender has the certainty that they will get the money back: as if you fail to pay, then your guarantor (who should have a good credit score) will be able to pay on your behalf.

Benefits of Guarantor Loans

What makes a guarantor loan so good is that you don’t have to ask the bank or lender to trust you – which they don’t tend to do. Instead, you are asking someone who knows you well and who cares about you to trust you, which will often work a lot better.

Sometimes we need a bit of extra cash and we know without a doubt that we have the means to pay it back – it’s only proving this to lenders that is hard and this can leave us unable to access funds even when we should be able to.

A guarantor loan offers a perfect solution in these scenarios as your friend or family member will be able to listen to your case and decide to help you out. Just make sure for their sake that you make your repayments on time or you could jeopardize your friendship!

See How We Compare to Our Competitors

Loan amount
£500 - £20,000
Loan term
12 - 60 Months
CUSTOMERSCORES
Good
Apply Now

Show More ▼

Loan amount
£500 - £100,000
Loan term
1 - 18 Months
CUSTOMERSCORES
Excellent
Apply Now

Show More ▼

Loantra is a licensed credit broker and not a lender.

We will never charge you for our service and the lender will not increase the rate to cover our fee to them.

We work with over 40 different lenders to bring you the very best rates from across the UK market.

Representative 305.9% APR. Representative example: £400 borrowed for 90 days.

Total amount repayable is £561.92 in 3 monthly instalments of £187.31.

Interest charged is £161.92, interest rate 161.9% (variable)

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

Do not borrow more than you can pay back as defaulting on payments can lead to serious monetary problems.

Any collateral you have against the amount may be at risk of repossession.

5 most recent personal loan reviews

Review of Natwest

My personal loan from NatWest was planned in advance because I like to do plenty of research before committing to something as important as a building extension. I wanted to make sure the loan would be possible and that it was at a competitive rate before I started employing architects and builders. I was in regular contact with our local branch’s loan adviser and they finally sorted out a very good loan for me and once that was agreed I got on to the job of planning this extension. We’d already had the go ahead from the local council so it was all systems go once that all important loan was finalised. Sometimes it’s best to deal with your own bank for such an important loan and I am pleased that I entrusted NatWest with my loan.

Review posted by Wayne Crouch, Plymouth

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of U Switch

In our position your company treats us well. We have the income but unfortunately due to circumstances beyond our control our credit rating is bad. Thank you Uswitch for giving us a chance.

Review posted by Neil Morrison, Perth

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Wonga

Suprised at ease of application. Never wanted to use these kind of things but had a very tough month and needed a few pounds before payday. After checking different options I found the small amount to payback manageable and it’s all payed back 2 days after payday. Easy process with quick response.

Review posted by Anthony Bell, Chelmsford

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

All reviews have been sourced from Trust Pilot to ensure authenticity of testimonials.