About Buddy Loans
At Buddy Loans, we offer loans up to £7,500 with flexible repayment terms and we are proud to say that we have the UK’s friendliest guarantor loans website.
We are professional lenders who deliver only the very best lending services. We are also regulated and authorised by the Financial Conduct Authority.
No credit or slow credit
If you have no credit or bad credit, it might seem difficult to get your hands on the finances you need. At Buddy Loans we grant loans based on your ability to repay the loan but more importantly the fact that you have good Buddy, which is your guarantor, makes getting a loan as easy as you need it to be.
Simpler lending services
There was a time that banking and lending was simpler, and we liked it when banking and lending was done on a more personal level. Thus, we look at each individual situation before making a decision on your loan application.
Do you have a buddy?
If your good buddy says you're good enough for a loan, then we believe that you are good enough for a Buddy Loan. You require a guarantor to apply for a loan with Buddy Loans and all loans are subject to status and affordability checks prior to approval. Additionally, all applicants must be 18 years old or older.
What Buddy Loans can offer you
One of our expert financial services is offering individuals bad credit loans of up to £7 500. Our repayments terms are available from 12 to 60 months.
We offer bad credit loans
If you do not qualify for a loan through traditional banking or mainstream lending; we are your solution. We offer loans to people who have a less than perfect credit score. Having a bad credit score should not stop you from getting the finances you require.
Our convenient guide to bad credit loans will help you understand all there is to know about bad credit loans.
How to use this guide
For a better understanding, it is best to read the entire guide. It will ensure that you know all there is to know about bad credit loans and applying for a bad credit loan, your credit score and all the options that are available to you.
The guide is conveniently divided into different chapters, making it easier for you to work through the guide and get to grips with all you need to know.
Each chapter acts as a stepping stone onto the next chapter, by the end of the guide, you will have all your questions answered and you will know exactly how to apply for the loan you need.
In a Nutshell
- Average processing time Same day
- Online application
- Secured loan option
- Bad credit consideration
- Early repayment
How to get a bad credit loan with Buddy Loans
Buddy Loans make applying for a guarantor loan as easy as it could possibly be.
How guarantor loans work;
Simply visit our website and apply online. The application form won’t take longer than just a few minutes and then you are well on your way to getting the loan you need.
Nominate your guarantor
As you know, to apply for a bad credit loan at Buddy Loans, you will need a ‘buddy’ that is willing to co-sign as a guarantor.
Your application will be assessed
We are now ready to assess your loan application form and we will do so within an hour.
Loan approval within one hour
You will receive an answer within the hour, provided that you have applied within Buddy Loans operating hours.
If you are approved before 17h00, you could receive the funds the same day. We believe you should not have to wait for the funds that you need, thus we have made the lending process as easy and quick as possible.
Who can be my guarantor?
A guarantor can be a good friend, a family member or a work co-worker that guarantees the loan for you. Should you default on your repayments, your guarantor will be liable for the outstanding loan amount.
Guarantor loan requirements
- Family member, close friend, colleague
- Aged between 18 and 75
- You need to have a valid UK bank account
- OK credit score
- You need to have a minimum income of £1,000
- We require your residential status i.e. are you a homeowner, tenant or living with parents
Improve your credit score
If you stick to the repayments of your approved guarantor loan, you will improve your credit score, which will help your financial lending abilities in the future. Speak to us today to apply for a guarantor loan and improve your credit score.
Eligibility & Requirements
- Stable address history
- 18 years or older
- UK resident
- Earning a stable income
- Active UK bank account
- Recent pay slips
- Proof of address
Other Products & Services
- QUICK Loans
- PERSONAL Loans
- BAD Credit Loans
Customer Reviews & Testimonials
Buddy has been a lifesaver in helping me understand and combat my bad credit. The offered affordable terms and low-interest rates on loans.
— Stockport —
Flexible terms, low rates, and costs. What could I ask more?
— Cardiff —
Simple and easy to get a bad credit loan from Buddy, they are indeed your friend in finance if you ask me.
— London —