Who can be a guarantor?

Borrow up to £10,000 over up to 5 years with a guarantor*

Representative 48.9% APR (fixed)

*Representative Example £3,000 over 3 years, representative 48.9% APR fixed. Monthly payment £145.17. The interest is 10% per annum fixed and service fee is 30.48% per annum fixed. Interest payable £549.95 and service fee payable £1,676.17. Total repayable £5,226.12

Guarantor Loans Online
  • FRIENDLY
  • FAST
  • FAIR
  • FLEXIBLE
  • FIXED PAYMENTS
Apply Now

Who can be a guarantor?

WHAT DOES A GUARANTOR DO?

In the past, before lenders judged the merits of a loan application on the basis of automated credit checks and scoring, a more personal approach was common.

The bank or lender would often ask for a guarantor as security – just like many mortgage companies and landlords do today. It’s a time-proven system based on talking to people in person. and on trust.

In plain language, being a guarantor means that if the borrower has problems with repayments, the guarantor will pay them on their behalf.

Your Guarantor must:

  • Be aged between 21 and 75
  • Be able to take over your repayments if needed
  • Know and trust you well
  • Have a good credit record

Once we’ve received a loan application we will contact the guarantor by phone to ensure that they are comfortable with the repayment arrangements.

They must be able to cover the cost (should you be unable to) in addition to their own outgoings, so it is a commitment that is not to be taken lightly.

Apply Here

REPRESENTATIVE APR 48.9% (FIXED)

For more information, speak to us live!

WHAT DOES MY GUARANTOR NEED TO DO?

Click here for details

APPLY FOR A GUARANTOR LOAN NOW

Apply Now


Who is Guarantor My Loan?

Guarantor My Loan is a Peer to Peer lending platform that matches those wanting to lend with those wanting to borrow.
We specialise in arranging Guarantor Loans for customers and have been lending since August 2014.

How do I Lend?

You can visit our Lender FAQs to find out more about lending on our platform and how to become a lender. If you have any further questions please call us 01603 391013.

How do I Borrow?

You can visit our Borrower FAQs to find out more about borrowing on our platform and to start the application process visit our apply page. If you have any further questions please call us 01603 391013.