This section has recently been revised to reflect a number of new changes that have taken place in the guarantor loans niche. A number of the articles found across the site have become a little outdated, but I will be hoping to make some changes over the coming weeks. For now, this posting has been updated and now displays lender interest charges in more detail and you may also see the addition of small guarantor loans. This includes the new loan product from FLM Loans (FLM Quick) and also Guarantor Loans (Blackheath) who no longer provider larger guarantor loans. This is a posting that will be updated on a regular basis. If you have had any experiences with either of these guarantor lenders or have any general enquiries then please get in contact via the form above.

Compare Guarantor Loans: Guarantor Loan Lenders

★ Guarantor Loan Lender: FLM Loans (Based in Bournemouth)
From… Financial Processing UK Ltd/ The Richmond Group
Amounts and Interest: £500 – £3000 (£5000 only as top up) | 49.9% APR (typical)
Example: £3000 over 36 months @ £146.37 (rounded off) monthly (Total £5269.26).

→ Online account management, positive reviews online, was the first guarantor loan lender in the UK.
→ FLM have had mixed press over the years.

Note: The 49.9% APR FLM rate is typical rather than fixed. This means that they can charge more and it doesn’t include any broker fees that would I believe push the rate into the 60% region.

★ Guarantor Loan Lender: Guarantor Loans Direct (Based in London)
From… GBP Loans Limited
Amounts and Interest: £1000 – £5000 | 53.8% APR
Example: £3000 over 36 months @ £151.15 (rounded off) monthly (Total £5441.40).

→ Clean design, have a similar setup to Guarantor Loans Online such as with interest rates. If you want £5000 on day one then you’ll have to be earning £1500 per month.
→ Applicants must be over 21, no bankruptcy/IVA cases.

★ Guarantor Loan Lender: Guarantor Loans Online (GLO) (Based in Norwich)
From… UK Credit Limited
Amounts and Interest: £1000 – £5000 | 53.8% APR
Example: £3000 over 36 months @ £151.15 monthly (Total £5441.40).

→ Customers have access to £5000, can check rates with guarantor loan calculator.
→ Ideally, they would beat/or match the interest rate of FLM. They actually do if you apply via Money Supermarket.

★ Guarantor Loan Lender: TFS Loans (Based in Essex)
From… TFS Loans Ltd
Amounts and Interest: £1000 – £5000 | 55-65% APR (estimated)
Example: Can’t provide an estimation due to an unknown interest rate.

→ Have been popular over the years with brokers.
→ The site has no privacy data that is a concern when sending personal data, previous 3 payslips and 2 months bank statements required, the negative reviews online (this may have more to do with the brokers representing them).

Note: A guarantor has to be a homeowner, be working and have a good credit history. Their age requirements are: FLM Loans 23-70, GLD 25-75, GLO 25-72, TFS Loans 23-69. The interest rates above are “typical APR rates” and so they will not include any broker fees (not sure how much this distorts the payout APR, will be looking into this).

Compare Small Guarantor Loans

★ Guarantor Loan Lender: FLM Quick (Based in Bournemouth)
From… Haymarket Lending Ltd/ The Richmond Group
Amounts and Interest: £50 – £500 | 199% APR
Example: £300 over 31 days @ £29.22 monthly (Total £329.22).
More Info: The minimum interest is taken each month, not the total borrowed. Other than the minimum interest (here £29.22) it does state that you must pay 1% of the total balance off (I assume an additional £3) although this may only be for when you rollover. I will email them to clarify this.

→ Cheap interest rates, online account management, you can clear the balance at any time and will only pay the interest charged at that date.
→ Requiring a guarantor for a short term loan will be a worry for many, but the guarantor requirements are less strict that usual.

★ Guarantor Loan Lender: Guarantor Loans (Based in London)
From… Blackheath Ltd
Amounts and Interest: £100 – £750 | 320.18% APR
Example: £300 over 3 months @ 157.53 monthly (Total £472.59).
More Info: I received this quote from their calculator. You get the first month free of interest and then the following three months will take each single payment.

→ Fresh upgrades, the interest-free first month is impressive.
→ A few negative reviews online (with their past product) and more expensive fees than FLM Quick.

Note: A guarantor does not have to be a homeowner here. They do need a good credit rating though and be working. The age requirements are: FLM Loans 18-70 and with Guarantor Loans 21-60.

(common misspellings/related: bad credit loans, blackheath loan, flm loans review, home loan lenders uk, student loan lenders)