Buddy Loans

Buddy Loans are a guarantor loan provider. You can borrow between £1,000 and £10,000, to be repaid over one to five years at a fixed monthly rate. They offer a Representative APR of 49.9%, though this can vary slightly depending on your individual circumstances and the loan amount you apply for.

Guarantor loans are typically aimed at those who have previously had difficulties with credit, and may have a low credit score as a result. The idea is that you include a guarantor on your application, who agrees to make repayments should you be unable to for whatever reason. Your guarantor will generally need to have a fairly good credit rating, and earn at least £1,000 per month.

With Buddy Loans, even those with bad credit are considered, and keeping up with the due repayments can actually help boost your credit score, as you’ll be demonstrating that you can manage your money responsibly.

Why Apply Through My Financial Broker?

• Multiple Lenders: With so many different direct lenders in our network, you’re bound to be matched with one that suits your needs and eligibility. 

• Free Service: Unlike many other brokers, we never charge our customers a commission for using our services. There are no hidden fees or charges - it’s completely free!

• Bad Credit Considered: Here at My Financial Broker, we believe that regardless of your credit score, you should be able to borrow when you need to. Our lenders agree - they’ll look at more than just your credit rating when making a loan decision, and will consider your application even if other lenders have turned you down in the past.