Buddy Loans

Buddy Loans is an innovative provider spread across five specific areas of interest; bad credit, car, debt consolidation, business and wedding loans.

Buddy Loans Features

Loan Value Available £1,000 to £10,000
Loan Length 1 to 5 years
Representative APR 49.9%
Minimum Age 18

Buddy Loans Quick Application

How much cash do you need? £3,000

How long do you need the cash for? 3 year

Your mMonthly repayment: 
£---- p/m
Total repayable: £---- Interest rate: ----% (fixed) Representative: 49.9% APR

Who are Buddy Loans?

Founded in 2013, Buddy Loans is an innovative provider spread across five specific areas of interest; bad credit, car, debt consolidation, business and wedding loans.

Regulated and authorised by the Financial Conduct Authority, Buddy grants loans based on your ability to repay it, and the fact that your guarantor also feels you can, and will, repay the loan.

With flexible rates and offers, Buddy understands that not everyone is the same when applying for a loan, so, they make it their objective to understand you and your financial needs.

Their Representative APR is 49.9%, so, if you borrow £2,500 over 24 months at an interest rate of 41.16% p.a (fixed), you will repay £154.54 per month and £3,704.96 in total.

Founded in 2013, Buddy Loans is an innovative provider spread across five specific areas of interest; bad credit, car, debt consolidation, business and wedding loans.

Regulated and authorised by the Financial Conduct Authority, Buddy grants loans based on your ability to repay it, and the fact that your guarantor also feels you can, and will, repay the loan.

With flexible rates and offers, Buddy understands that not everyone is the same when applying for a loan, so, they make it their objective to understand you and your financial needs.

Their Representative APR is 49.9%, so, if you borrow £2,500 over 24 months at an interest rate of 41.16% p.a (fixed), you will repay £154.54 per month and £3,704.96 in total.

What can Buddy Loans offer me?

A Buddy Loan provides you with more flexibility than many other types of loans. If you’ve had credit problems in the past or have no credit and need to establish yourself, Buddy could help.

As a direct lender, Buddy handles everything from start to finish, including application, underwriting, funding and collections. You don’t have to worry about going through any brokers or your details being accessed by third-party companies.

You credit rating, whether it’s average, poor, or you don’t have one, is not the deciding factor during your application process. Buddy Loans consider how you are currently managing any exisitng credit commitments, understand reasons when you may have fallen into financial difficulties, check your affordability to repay the loan and any existing credit commitments, and have a guarantor.

As with all guarantor lenders, there are no upfront fees, to put your mind at ease.

A Buddy Loan provides you with more flexibility than many other types of loans. If you’ve had credit problems in the past or have no credit and need to establish yourself, Buddy could help.

As a direct lender, Buddy handles everything from start to finish, including application, underwriting, funding and collections. You don’t have to worry about going through any brokers or your details being accessed by third-party companies.

You credit rating, whether it’s average, poor, or you don’t have one, is not the deciding factor during your application process. Buddy Loans consider how you are currently managing any exisitng credit commitments, understand reasons when you may have fallen into financial difficulties, check your affordability to repay the loan and any existing credit commitments, and have a guarantor.

As with all guarantor lenders, there are no upfront fees, to put your mind at ease.

Who can be my guarantor with Buddy Loans?

With Buddy Loans, your ideal guarantor is someone you can trust, a family member, friend or colleague.

They need to be dependable from day one, answering questions from the lender, providing information and signing the loan agreement.

Your guarantor must be aged between 18 and 80, have a UK bank account with a good credit score and a minimum income of £1,000.

The benefit of a Buddy Loan is that your guarantor does not have to be a homeowner to qualify, as they offer tenant loans. The main requirement is that they would be in a financial position to repay the loan if called upon.

Buddy takes your guarantor through every detail, ensuring there is trust and understanding on both sides.

With Buddy Loans, your ideal guarantor is someone you can trust, a family member, friend or colleague.

They need to be dependable from day one, answering questions from the lender, providing information and signing the loan agreement.

Your guarantor must be aged between 18 and 80, have a UK bank account with a good credit score and a minimum income of £1,000.

The benefit of a Buddy Loan is that your guarantor does not have to be a homeowner to qualify, as they offer tenant loans. The main requirement is that they would be in a financial position to repay the loan if called upon.

Buddy takes your guarantor through every detail, ensuring there is trust and understanding on both sides.

About Buddy Loans

FCA Number: 718849

Company Number: 8089541

ICO Number: Z3239423

Headquarters
Alexandra Court
Carrs Road
Cheadle
Cheshire
SK8 2JY