Borrow £100 to £25,000*
- Bad Credit Accepted
- Fast Payout
- No Fees
- Secure Application
Short Term Guarantor Loans
£100 – £1,000
Rates from 278% to 1576% APR*
3-12 month repayment
Personal Guarantor Loans
£1,000 – £25,000
Whole of Market panel
Trusted panel of lenders
Rates from 5.7% to 278% APR*
3-36 month repayment
Representative example: £500 borrowed for 5 months. Total amount repayable is £991.85 in 5 monthly instalments of £198.37. Interest charged is £491.85, interest rate 238.1% pa (variable). Representative 481.6% APR.
Finding Guarantor Loans Online From UK Direct Lenders
- Applying online for guarantor loans is commonplace in the UK lending market.
- If you have a guarantor you are more likely to be accepted for a loan.
- The loan process is fast, and bad credit scores are also considered.
As you can shop for various products and services, it is possible to shop for your loan in the best possible way. The loan will be sanctioned based on your profession, earnings and credit score. If you would like to apply for a bank loan, you should fulfil complete documentation. The requirements as specified by the bank should be submitted.
The credit score is the deciding factor to get best loan. If you manage a bad credit score, the application might be rejected. If you were granted a loan with a bad credit score, the rate of interest will be high. Features of guarantor loan The Guarantor Loans Online are different and loans will be granted based on the guarantor’s signature. The guarantor’s consent is required so that you will get a quick loan. The loan amount is based on your earnings.
This kind of loan will be sanctioned even though you manage a bad credit score. There are individuals who had not started their credit journey. Hence, young people will not be able to submit any credit score. They can manage a loan with the help of a guarantor. The guarantor should be employed and should be able to fulfil the loan obligations if the borrower fails to repay the money. The guarantor can be a property owner as well so that he or she can give consent to get a loan from the lender. The greatest advantage with guarantor loan is that you will be able to customise the loan as per your needs. The amount of money can be taken as per your needs.
Borrow anything from £100 to £25,000 today.
Quick online application takes minutes.
Guarantor Loans Online is suitable for all age groups. The rate of interest will be very low so that you can take a loan whose duration will be in between 12 months and 60 months. Great flexibility Guarantor loans will give you highest level of flexibility so that you will make the most of your money. The rate of interest on a payday loan will be very high. It will be about 25% per month. There are some lenders who will charge more than 25% per month. Hence, you can close the payday loan after obtaining funds from the guarantor loan.
The guarantor loan comes under the unsecured loan. No asset will be attached when you fail to repay the loan. However, the risk is borne by guarantors. Hence, you should find out the eligibility of the guarantor from the bank or financial institution. You can choose your parents, friends or associates as guarantors. The guarantor should not be dependent on you financially. Hence, the verification of the guarantor’s background and no credit worthiness will be done by the lender and the loan will be sanctioned based on the satisfactory result. Online loans Guarantor Loans Online is a great bonanza for employees and professionals. The loan application can be submitted online and it will be processed online without any issues.
You will get confirmation of loan and funds will be transferred immediately based on your consent. The loan can be customised as per your needs. The rate of interest and monthly instalment and number of instalments can be changed subject to the terms and conditions of the financial institution. Your personal circumstances and credit history will not be verified before sanctioning the loan. The guarantor loan is a good solution if you have a bad credit score. The loan can be managed when there is someone behind you to take care of the loan.
The guarantor will stand behind your debt and will ensure that you will get the right kind of loan to fulfil your financial needs. There will not be any penalty for pre-payment of instalment. The loan can be closed at the earliest by consulting the concerned authorities. Thus, there is great convenience with the online application, confirmation and direct debit facility. Loan application can be made very easily and there will not be any issues in payments as well. When you take a guarantor loan, it is possible to improve your credit score as well. You can apply for loans in future and the interest rate will be low. The loan will be granted quickly when your credit score improves.
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More Online Guarantor Loan FAQs
Can I really get guarantor loans online?
Yes! Thanks to technology, more lenders than ever have moved their businesses online, meaning that you won’t ever have to visit a physical location or stand on endless queues to apply for guarantor loans. This not only simplifies the application process; it means that you will normally get quicker access to your much-needed extra funds as well.
How do applications work?
The application process for guarantor loans online is quick and easy. You will need to fill in an online form and provide information such as your full name, UK-based address, place of employment, your mobile number and information regarding your employment and/or other income sources. Once submitted, an auto decisioning process will usually inform you within minutes whether your application has been approved or not.
Can individuals on benefits apply?
Most definitely! Provided that you receive consistent benefit payments on a regular basis, you should be able to qualify for a loan from at least one lender. Over the past few years, lenders have become more willing to assist persons on benefits because they understand that virtually everyone needs a little extra cash sometimes.
Do different lenders charge different interest rates?
Yes. Although interest rates will vary from one lender to another, industry regulations prevent them from overcharging their clients. However, shopping around between lenders before obtaining a loan could save you a lot of money, especially if you’re borrowing a large amount of cash.
Can I pay my loan back early?
Absolutely! If you have come into some additional funds and want to use them to repay your loan before the due date, you can usually do so. You will need to contact your lender and inform them of your intention to repay early though.