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From £1,000 to £25,000
Rates from 5.7% to 278%
3-36 month repayment
Borrow up to £3,000
Rates from 278% to 1576%
3-12 month repayment
Representative Example: Cash price £7,500. Deposit £0.00. Total amount of credit £7,500.00.
60 monthly repayments of £137.22 Total charge for credit £733.20. Total amount payable £8,233.20. Interest rate 3.8% fixed. 3.8%APR Representative.
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Guarantor loans UK, are they right for you?
Why should you choose guarantor loans?
There are several reasons to choose a guarantor loan. The guarantor loan is an unsecured loan which will be granted based on the guaranty offered by the guarantor they are processed in an instant. The guarantor will understand all the terms and conditions of the loan. He should have regular source of income. The credit history of the guarantor should be good so that the loan will be granted to the applicant in spite of poor credit score. If you have no credit score, it is possible to take loan from £500 to £20,000 as per your needs from many reputed lenders in UK.
Features of unsecured loans
Guarantor Loans UK are one form of unsecured loans. Payday loans will also come under unsecured loans. However, the rate of interest on a payday loan will be very high. Such kind of loan is ideal for few weeks and when the emergency situation arises. If you fail the money on the stipulated date, there will be very high penalty.
As you go for personal loan, you will be able to get money from banks and financial institutions. However, your financial situation will be assessed before granting the loan. The loan is based on the credit score. If you manage a poor credit score, the loan application will be rejected. There will not be a guarantee that you will get a loan from the lender in spite of the best efforts placed by you.
When you choose a guarantor loan, it will be sanctioned immediately. The loan can be customised as per your needs. The loan will fulfil your short-term needs in the best possible way. There will not be any issues as long as you can pay the monthly instalment. If you fail to pay monthly instalments, it should be borne by other person. The guarantor will take care of your needs and will ensure that the loan amount will be paid by him or her. There will be legal protection for the bank or financial institution as guarantor will ensure that repayment will be done without fail.
You can obtain quick Guarantor Loans UK so that all your needs will be fulfilled without fail. The guarantor can be your father or mother as long they are not dependant on you financially. You can also assign your friend or associate so that you will get loan at a very low interest rate.
There are multiple loan options. If your loan is spread in between 10 and 60 months, the guarantor loan is the best option. You will get funds into your account as you submit the online application. The application will be processed very quickly.
The processing can be sped up with the help of a representative or an agency. The agency will go through your personal information and will advise you to choose the best lender and best lending option. There are reputed lenders who will accept enquiries and they will be answered to your satisfaction.
Huge saving potential
There will not be any pre-payment penalty when you go for Guarantor Loans UK. The loan will be granted in spite of poor credit score. There will be customisation of the loan as per your needs. When you take the help of a guarantor, you will save money as the rate of interest will be low.
The rate of interest on payday loan is very high. The penalty amount will also be high. It will not arise when you go for an unsecured online loan. There will 100% transparency on granting the loan and administration of the loan. If you would like to know more about the lender, you can follow them on social media including Facebook, Twitter and other sites.
The feedback shared by other customers will help you assess the performance of the lender and it is possible to settle for the best lender in your area. As you choose a licensed vendor, your needs will be fulfilled in the best possible way. The guarantor loan will be granted in spite of the poor credit score. You can fulfil your dreams in life by going for a guarantor loan. As loan will not secure your assets, there will be great peace of mind.
What if I can’t keep up my repayments?
If you can’t keep up with your repayments you must contact your moneylender immediately and advise your struggling with the monthly installments some companies will adjust your monthly installments to reflect what you can afford to pay back on a monthly basis please note that this can also extend your term of the agreement and probably the amount of interest that you end up paying back. You’re never advised to just stop paying your agreement as this may result in interest being charged on the agreement and missed payments showing on your file this could make obtaining further down the line a lot more difficult.
What do i do next?
Next is the fun bit you need to click on the apply button and fill out our simple online form designed to make sure the whole application as smooth and pain free as possible. The whole application process from start to finished shouldnt take you longer that 3 minutes its as simple as you can get.
*Subject to lender approval and requirements.