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UK Credit Limited

UK Credit Limited provides guarantor loans to people with a poor credit history which allow a friend or a relative to act as a security if you fail to keep up your repayments.

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Loans displayed have term lengths between 6 months and 5 years, and 39.9% APR.

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APR Total repayable

The amount is based on monthly compounding and for comparison purposes only.

Monthly repayments

UK Credit Guarantor Loan

  • Direct lender, no upfront fees
  • Secure online application with fast pay-out
  • Loans from £1,000 to £10,000
More info
39.9% APR Representative
£8,850.60
£245.85 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Aged between 18 and 65
  • UK resident
  • Guarantor must be homeowner

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £5,500 over 36 months at a fixed rate of 34.1% per annum would result in a representative rate of 39.9% APR, monthly repayments of £245.85 and a total amount repayable of £8,850.60.

Warning: Late repayments can cause you serious money problems. For more information see our debt help guides.

uSwitch Limited is a credit broker, not a lender, for consumer credit products. Our services are provided at no cost to you, but we may receive a commission from the companies we refer you to. For some loans a broker fee of up to 12.5% may be added to the cost of the loan.

About UK Credit Limited

UK Credit Limited are providers of guarantor loans to customers across the United Kingdom who are looking for an alternative to the traditional lending sources such as banks or building societies. 

They are based in Norwich, and are authorised and regulated by both the Financial Conduct Authority and the Information Commissioner's Office. This means that their borrowers can have confidence in the security of their personal data.

Guarantor loans, such as those offered by UK Credit Limited, are becoming increasingly popular. This is because they don't disbar people who have had problems with credit in the past, or who don't have sufficient credit history to satisfy the major lenders.

Rather than relying on a computer score to say whether a person is capable of paying their loans back on time, they rely on the word of somebody who really knows them: the guarantor. This guarantor has to be a person who knows the applicant very well, and is often a close friend or family member. The guarantor can be either a homeowner or a tenant, but they can't be financially linked to the applicant, which means that spouses aren't permitted.

If the original applicant is unable to pay back the loan, then the guarantor will have to take over the payments. For this reason, it's essential that the guarantor can afford to pay back the loan, and that they have a good credit history themselves.

The interest rates provided by UK Credit Loans are fixed, so they won't increase whilst the loan is running. Up to £7,500 can be borrowed, if the guarantor is a homeowner and it can be repaid over as long as 5 years. If the guarantor is not a homeowner, then the maximum amount that can be borrowed is £3,000, paid back over a maximum of 36 months.