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 25-74 years old
    • 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. Aged 25-74 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.