Guarantor loans from £500 – £5000
The guarantor loan is a relatively new concept in unsecured personal loans. A high street bank will run a credit check on you and your profile and the decision will probably be made by a computerised system. We don’t believe that computers are always right so we make our decisions personally. With a guarantor loan you can initially borrow between £500 and £3,000 irrespective of your circumstances, providing you can provide a guarantor to endorse your application and with the option to top up to £5,000 at a later date once you qualify.
The applicant / borrower
Between £500 and £5,000 cash in your hand.
Between 12 and 60 months.
The cheapest sub prime loan available in the UK today. Interest rate is 24% with a guarantor loan.
Overpay at any time or settle without penalty.
CCJs/Defaults/discharged bankruptcies accepted.
Applicants must have a Bank Account.
Applicants must provide proof of identity.
Guarantor must provide proof of identity and a copy of one month’s bank statement.
Guarantor required, must have a good credit rating.
Guarantor must be a homeowner.
The guarantor must meet the following criteria:
Homeowner.
Aged between 21-60.
Employed or self employed for more than 16 hours per week.
Income of more than £800 per month.
Fairly decent credit score- regardless of the clients credit score.
Does not have to be related to client, it can be a neighbour, work colleague, in fact anyone who can ‘vouch’ for you and meets the above criteria.
Remember, a guarantor loan is far cheaper than a traditional loan as it offers the lender greater security on their money.
