Guarantor Loan

Use your savings to secure a preferential interest rate

Put your savings to work

Deposit funds into a savings account and borrow up to the same amount at 6.17% APR.

Great for:

Making a large purchase without losing your savings
Lending to a relative without having to worry about managing the repayments
Helping your child to improve their credit rating

Existing Members Apply Here

New Members Apply Here

Key features:

Eligibility	You must be 18 years of age or older and live or work in the DL, DH, HG, NE, SR, TS or YO postcode area
Amount	Borrow up to £15000
Term	From 6 months to 5 years
Interest	6.17% APR
Security	The loan is secured against your savings. Your savings balance must be equal to or greater than your outstanding loan balance throughout the loan term
Repayments	Loans can be repaid weekly, fortnightly, or monthly depending on which one suits you best
Risk	Your savings may be at risk if the Borrower fails to make their required loan repayments
Early repayments	There are no fees for early repayments

HAVE A CHAT WITH US

If you are interested in guaranteeing a loan for someone else but want to know more please