Guarantor Loans work differently to short-term loans; although the amount you want to borrow will be similar, a Guarantor Loan requires a ‘co-signature’ to ‘guarantee’ the loan. This means that if you are unable to make the repayments, the lender has a second person to ask for payment.
Guarantorloans.com allows you to compare the rates from different guarantor lenders including the loan amount, loan term and Representative APR. You can then choose a lender from our comparison table, click ‘Check Eligibility’ where you will be taken to their website and can apply directly.
Applying for a guarantor loan is not an exhaustive process and the initial online application can take minutes to complete and submit once you go through to a lender’s website.
Most lenders will contact you via phone to verify a few details and go through the approval process. If approved, you can usually expect your funds to be with you in 24 to 48 hours (although this can be sooner). Make sure you check the individual lender’s website, terms and conditions and loan agreement in order to understand your guarantor loan thoroughly.