What is a Guarantor loan?

A Guarantor loan can help you gain access to the money you need even if you can't obtain credit in your name alone.

The idea is very simple.

A second person - typically a relative or good friend - agrees to be your Guarantor. They promise, should you ever fall behind with loan repayments, to personally cover them for you.

Because your Guarantor knows and trusts you - and has also agreed to cover any repayment shortfall - it's easier for us to lend.

Once there's a suitable Guarantor in the background, we can consider offering you the money you need - potentially anything up to £10,000.


How does it all work?

Our process is quick and easy. Once you and your Guarantor are approved, we'll transfer the money to you within 3 days.

Click each of the icons to view each step of the process.

  • Step 1: How much do you need to borrow?

    Decide how much money you need to borrow by using the slider to select a loan amount that suits your budget and your needs.

  • Step 2: Fill in our short application form

    Fill in our short application form to begin.

  • Step 3: Conditional Approval

    Once conditionally approved, we'll email you a link to forward to your chosen Guarantor.

  • Step 4: Complete Application

    When your Guarantor is accepted in principle, we'll call you to check you can afford the loan and to complete the application.

  • Step 5: Confirmation Email

    Once everything's confirmed, you'll receive an email to log in to your TrustTwo hub to electronically sign your loan documents.

  • Step 6: Money is transferred!

    The money is transferred to your Guarantor for them to pass on to you, it’s that simple!


Am I eligible?

To apply for a TrustTwo Guarantor Loan, there are a few conditions that you and your Guarantor must meet.

To borrow from us you need to:

  • Be employed/have a regular income
  • Be 18-74 years old
  • Have no Debt Management Plan or Individual Voluntary Arrangement in place
  • Not be bankrupt
  • Have a bank account that accepts Direct Debits

    Your Guarantor (usually a relative or close friend) must:

    • Be at least 21 years old, and under 80 years old by the end of the loan term
    • Not be your husband/wife
    • Have separate finances from you
    • Be a homeowner, suitable tenant or living with parents
    • Have a good credit record
    • Agree and be able to make loan repayments if you can't

    Read more about choosing a Guarantor for your loan application; or, if a borrower has asked you to help them apply, learn about the responsibilities of becoming a Guarantor.


How much can I borrow?

This depends both on your income and your Guarantor's situation, provided that you can each independently afford to cover the loan repayments, you can:

How much can I borrow?

Borrow between £500 and £10,000.

How long can I repay the loan over?

Make repayments over a 12 to 60 month term.

Who Can Be My Guarantor?

It can be a family member, friend or work colleague, but not your wife/husband. Guarantors must be at least 21 years old, and under 80 years old by the end of the loan term and with good credit history.

We also accept Guarantors who are homeowners, tenants or still live with their parents who have a good credit history. Provided you can each independently afford to cover the loan repayments, you can apply for a loan for up to £10,000.