Guarantor Loans for Non-Homeowners

At 1Plus1Loans™, we understand that bad credit doesn’t always reflect someone's financial situation fairly, sometimes life just gets in the way. Whether it’s reduced income, unexpected expenses, or previous money missteps, it can all contribute to a less-than-perfect credit file.

That’s why we offer guarantor loans for people with bad credit, even if they don’t own their home.

Helping You Move Forward

Our guarantor loans are designed for people who may have been declined by mainstream lenders. Even those who’ve never borrowed before can struggle to access credit, simply because they lack a proven history.

We lend from £1,000 to £10,000, over 12 to 60 months, with a maximum APR of 49%. These loans can provide a vital helping hand — whether it’s to consolidate existing debts, cover emergency costs, or manage essential purchases.

A Guarantor Can Make All the Difference

You don’t need to be a homeowner to apply for a guarantor loan with 1Plus1. All you need is:

• Someone you trust (often a family member or friend)

• Who has good credit

• And ideally owns their home

This person agrees to act as your guarantor, meaning they’ll step in if you ever miss a repayment. It’s a big responsibility, and we ensure both borrower and guarantor pass credit and affordability checks as responsible lending is at the core of what we do.

Representative Example

Loan amount: £3,000 over 3 years

Monthly repayment: £143.84

Total repayable: £5,178.24

Representative APR: 39.3% (Variable)

Benefits of Guarantor Loans for Bad Credit

• Borrow even with a poor credit history

• You don’t need to be a homeowner

• May help rebuild your credit rating over time

• Funds can be used to consolidate debt or cover important costs

• Decisions based on affordability and support — not just your credit file

If you have questions about guarantor loans or want to see if you’re eligible apply online now or get in touch with our friendly team:

📞 0330 1200 313

📧 info@1plus1loans.co.uk