TrustTwo Loans – Review

If you’ve got into financial difficulty resulting in you getting a credit rating that is poor, and are looking to arrange a loan then you may wish to consider Trust Two loans. They provide loans to applicants with the support of a guarantor for a variety of purposes. Our Trust Two loan review covers things like; who may apply, who can provide a guarantee, and how much you can borrow.

Features at a glance

What amount can you borrow with a Trust Two loan?

  • The minimum amount is £1,000.
  • The maximum is £5,000 if the guarantor rents their home.
  • The maximum is £7,500 if the guarantor owns their home.

“What interest rate do you pay?

Trustwo presently charge an interest rate of 41.2% per annum fixed (representative 49.9% APR ) on loans of between £1,000 to £2,900 and 36.9% per annum fixed (representative 43.8% APR ) on loans of between £3,000 to £7,500.

As the interest rate is fixed this does mean that the repayments will stay the same throughout the term of the loan.

Over what period can you repay the borrowing?

The repayment term can be from 12 to 60 months for loans of £1,000 to £2,900 and the term can be from 18 to 60 months for loans of between £3,000 to £7,500 with the option to pay back the loan in full sooner if you so wish. Repayments are usually made on a monthly or weekly basis.”

Who is allowed to apply for a Trust Two Guarantor Loan?

Loan applications can be submitted as long as you are at least 18 years old, live in the UK, can afford the repayments and have someone that is prepared to guarantee the loan. Although those with a bad credit history can apply, you must not have an IVA, be bankrupt or have a debt management plan.

Who can provide a guarantee?

Typically, a guarantor could be a friend or relative (not your partner) who has a good credit history and is 25 to 74 years old. They must be able to afford to meet the repayments on the loan should you not be able to.

What is the application process?

You will be pleased to read that it is easy to apply online 24/7. A member of staff from Trust Two will then telephone you and the person guaranteeing the loan to discuss your application plus, amongst other things, credit checks will be done. Once a loan has been agreed, it usually only takes a few days before the monies are transferred into the guarantor’s current account who should then pay you the funds.

For what purpose can Trust Two loans be used?

There are so many things that you can borrow the money for. For instance, you may wish to carry out some improvements to your home such as double-glazing or buy some new furnishings. You may need to replace your car. You may have a number of loans and credit cards that you want to consolidate onto one loan to reduce your outgoings.


A large number of people have debt problems resulting in a credit history which is poor, making it difficult for them to obtain finance from high street banks. A TrustTwo Loan supported by a guarantor is a potential solution. It appears straightforward to apply online for Trust Two Loans, with a quick decision being made meaning that, if approved, the money is soon made available.