Borrow between £1,000 and £15,000.
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 £15,000.
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 18-80 years old
- Have no Debt Management Plan or Individual Voluntary Arrangement in place
- Not be bankrupt
- Have a bank account that accepts Direct Debits
- Be 21-80 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
Your Guarantor (usually a relative or close friend) must:
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?
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 21-80 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 £15,000.