How long is the application process and when can I look to receive my funds?

Submitting the application form on the lender’s sites usually takes a matter of minutes to complete and submit. However, because a guarantor loan requires a co-signature to guarantee the loan, the actual completion and receipt of funds may take longer (1-3 working days on average), as the lender will usually need to speak to yourself and your guarantor in order to verify details and then approve the loan.

When applying for a guarantor loan, make sure you read the terms and conditions on the lender’s website and the loan agreement fully.