How a Guarantor Loan Works

If someone who knows you is happy to trust you, we believe we can trust you too. That’s how we can offer you the money you need – anything from £1,000 to £7,000 – at an APR that’s lower than you might expect.

We don’t worry too much about your credit score. As long as you aren’t bankrupt, in an IVA, have a Trust Deed or similar, we want to help. Of course you must be able to afford your repayments – we don’t want anyone getting into difficulty.

When you apply to glo, you’ll need someone to be the Guarantor on your loan. That person will be asked to take responsibility for the loan if you are unable to repay it, so it needs to be someone with a good credit history, who trusts you. If you get into difficulty, we’ll always try to sort things out with you first before speaking to your Guarantor – that’s what makes us different from some other guarantor loan companies. Most people choose someone in their family (as long as they have separate finances) but it could be a good friend. Your Guarantor does NOT have to be a homeowner – tenants are fine.

We’ll check all the details you provide and also talk to both you and your Guarantor, so it’s important you speak with them about the application first.

So how does this work?

glo look at things differently

Your Guarantor must be:

  • A relative or friend who knows and trusts you
  • Willing to take responsibility for the loan if you fail to make repayments
  • Someone with a good credit history
  • Financial independent from you – you cannot share finances

For further details...

There’s lots of information on the website but if you can’t find what you’re looking for you can call us on 0330 303 7070 or you can email us at