Hero Loans

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Company Information

  • Company Name:
    Hero Loans
  • Website Address:
  • Business address:
    215 Crosby Road South, Liverpool, L21 4LT
  • Phone number:
    0800 566 8930

Hero Loans (HeroLoans.co.uk) is a specialist lender that aims to offer flexible guarantor loans to customers who may be turned down by other banks and lenders. By taking out a guarantor loan from Hero Loans, you could avoid the high interest rates set by payday loan companies. No matter what your credit history might be, if you have a trusted qualifying guarantor then Hero Loans may be able to help you.

To apply for a guarantor loan with Hero Loans, your guarantor must be a trusted friend or family member who is between the ages of 25 and 65. They must be a homeowner and a UK resident with a good credit record who will be willing to take over the payments of the loan if for some reason you are not able to cover them. Before your loan is approved, Hero Loans will talk to your prospective guarantor to ensure that they are able to afford the repayments and that they understand the terms of the loan.

Customers are able to borrow anywhere from £1,000 and £5,000 from Hero Loans, as long as they are able to meet the monthly repayments and have a guarantor backing them up. The loan can be repaid over one to five years, depending on the amount of money borrowed, and you can make early repayments or overpayments at any stage in your loan without being charged an additional fee. Making early payments is a good way of reducing the long term overall cost of your loan, as you’ll avoid the future interest rate that will be incurred.

To apply for a guarantor loan from Hero, all you have to do is confirm your agreement with your guarantor, fill out the online application form and wait for a response from the lender. If your application has been successful, Hero Loans will call to confirm your acceptance of the conditions of the loan. The whole process usually takes just a few hours, and Hero Loans can be reached by phone or by live chat on its website if you need more information.

39 Reviews of Hero Loans have been submitted - read the latest 3 below

Visit your parent's regularly for a few weeks, get in their good books THEN ask them to act as guarantors on a loan for you! As usual I stuffed up big time, had a flaming row with my dad who said I didn't call or pop round to them enough, especially my mum, stormed out of the house and THEN had to go back with my tail between my legs a few weeks later when I had tried unsuccessfully to get a personal loan and my only other option was either a guarantor loan or worse still a bad credit loan. When it comes to money I have no pride and so I did the whole eating humble pie thing and then asked them to help me out with this loan. Mum's the soft touch and she gave in first so dad had to go along with it. We got the loan application done and got the affirmative from Hero Loans almost immediately. Once they had our acceptance of the t's & c's of the loan it was just a matter of hours before the money was transferred. That's me all sorted with my loan now and the only drawback is that I have to do an ET and call home more often.

Review posted by Jake Napier, West Wickham

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

I had a really hard time trying to get a guarantor for this loan and that is probably the only negative thing I could to say about this experience. Once I had got over that particular hurdle, which I reckon a lot of people taking out guarantor loans have the same problem with, the rest of the loan process with Hero Loans was really good and positive.

They have made their loan application process really simple and once you've filled out the online form and got a response from them to say your loan application has been accepted, all you have to do then is wait for Hero to contact you with the terms and conditions of the loan. If you agree to them the loan money can be deposited into your account within a few hours.

As long as you can find a guarantor and they agree to the terms of the loan then you really can't go wrong with Hero Loans and if I ever need another guarantor loan I will definitely go back to them.

Review posted by Loretta Wainscott, Stoke-on-Trent

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Hero Loans are one of the first guarantor loan lenders that I looked at when I first started my search for a guarantor loan and after looking at a few more I decided to go back to Hero Loans and apply for one of their loans. I think the main reason I chose them is because apart from their rates being pretty competitive, they had a really simple, straightforward application process that both me and my guarantor could do together to make sure we both knew what we were signing up for and then when the loan was approved it was just a case of Hero Loans contacting us both to make sure we were happy to agree to the conditions of the loan. Once that was done the money was available within a few hours. I don't know how many of the other guarantor loan lenders operate that quickly. Some of them appeared to require paperwork to be signed and returned by post which can take days depending on the postal service and as I was in a bit of a hurry to get the money I liked that Hero Loans are able to process everything online. For that reason i think I would use Hero Loans again provided their rates were still good enough.

Review posted by Owen Pilkington, Brighton

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money