If you currently have a loan with us and have been affected financially by the COVID-19 pandemic, please click here for ways in which we may be able to work with you during these difficult times.
At TFS Loans we offer two types of loan products – personal unsecured loans and guarantor loans. A guarantor loan requires you to have someone else on the loan who guarantees to make the loan repayments on your behalf, should you find yourself unable to.
With a guarantor loan from TFS, you could borrow up to £15,000 – subject to your credit and affordability profile – with the option to spread repayment over a varied period of time. Guarantor loans may be a suitable way for you to borrow money, so why not get in touch today?
A guarantor loan is essentially a loan where you find someone who will ‘guarantee’ to make the monthly payments in the unfortunate event that you cannot.
It works on trust-based lending and is an unsecured loan, meaning you do not have to put your property up as collateral against the loan. Essentially, you don’t need to be a UK homeowner to secure a loan.
We only ask that you provide a guarantor with your application, someone you trust who is willing to and can afford to make the monthly payments in the situation that you cannot.
Your guarantor can be a friend or family member, a work colleague or even your landlord… as long as they have a good credit status and can demonstrate they can afford to make the monthly loan repayments.
For our Homeowner Guarantor Loans, your guarantor needs to be a UK homeowner. If they are a Tenant, you may be eligible for one of our Tenant Guarantor Loans.
As long as your guarantor can afford the monthly repayments and is willing to make these payments should you find yourself unable to, then they can be considered to act as guarantor on your loan application.
Your loan can be used for almost anything, as long as it’s legal. From debt consolidation*, car finance or even funding your dream wedding, a guarantor loan is a different kind of personal loan which may just be suitable for you.
(Please note: We do not allow customers to borrow for gambling or investment purposes)
*Consolidating debts may increase the term and the total amount payable.
The best guarantor loans have low APRs and offer a range of terms to suit you. Having a guarantor ensures that payments are made should you, as the borrower, be unable to make them.
A guarantor loan from TFS has no hidden charges or set up fees. With a quick approval and the option to repay your loan early, a loan from TFS may be a suitable way to borrow money.
Use our loan calculator to see how much you could borrow.
36 Monthly Repayments, borrowing £5,000
Total Amount Payable: £8,418.60
44.9% APR Representative
Rate of Interest 22.79% Fixed Flat Rate
Monthly Repayment: £233.85
Visit our FAQs pages for any questions you may have about Guarantor Loans.Get Answers
Nothing but friendly helpful service from start to finish with my loan application. Everything has been sorted within 24 hours with exceptional customer service provided! I will definitely recommend TFS to my friends.
15th February 2019
Fast process and the staff were wonderful. Great professional people, definitely recommend TFS. Thank you!
3rd July 2017
Excellent communication from well trained staff who explained everything from start to finish. I had the pleasure of dealing with Sally who was lovely. Well done!
16th June 2017
Great Service, kept me well informed every step of the way. Extremely efficient.
1st June 2017
A very efficient well mannered group. As a guarantor you answered all the questions I asked and time was of no problem - thank you for looking after my daughter.
28th February 2017
All customer service personnel were really polite and extremely helpful. I would definitely recommend the company to others. I would definitely use the service again if needed in the future.
10th October 2016
I would definitely recommend TFS loans and would use them myself again. Everything thoroughly explained in detail!
25th July 2017
I felt that the process from start to finish was smooth and quick. My application was dealt with, with ease and I look forward to being able to use this loan for a good cause
16th September 2017
Highly recommend TFS Loans very friendly and people person advisors. Very helpful very quick decisions I have had 2 loans with them now
1st October 2018
Very helpful friendly staff. Good rates. Would recommend TFS Loans .
Anthony Denis Millington
8th October 2018
Very good service and explained everything that was going on. Highly recommend TFS for a loan.
13th November 2018
Very thorough and informative.
3rd December 2018
Loans are subject to status and affordability. *Consolidating debts may increase the term and the total amount payable.
Before entering into any credit agreement please make sure you can afford the monthly repayments, we recommend that you seek independent advice if you are unsure of any of the terms of our agreement. There may be other taxes or costs, not paid through us or charged by us, that you have to pay in connection with the agreement.
Late repayments can cause you serious money problems. For help go to www.moneyadviceservice.org.uk