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Guarantor My Loan (guarantormyloan.co.uk) is a flexible, ethical lender with a strong commitment to personal service and competitive interest rates. As a peer to peer lender, Guarantor My Loan is able to offer fair rates and a good alternative to payday loans for customers struggling with a poor credit rating.
Guarantor My Loan allows customers to use a guarantor to support their application, offering security for the lender while allowing those with bad credit to gain access to loans that they may not normally qualify for. Your guarantor must be a homeowner and between the ages of 21 and 72. They need to have a good credit record with a clear ability to take over responsibility for the loan if necessary, and they should know you well and trust that you will do your best to meet the repayments on schedule.
Customers are able to take out a loan from Guarantor My Loan of up to £5,000, which can be repaid in a period up to five years. The loan comes with no application fees, broker’s fees, late payment fees or hidden costs, making it as affordable as possible for every customer. The advertised APR Representative is set at 48.9%, but this rate will vary for each customer depending on their circumstances and the amount borrowed.
Customers can make repayments in the way they prefer, whether that’s by debit card, direct debit order, by phone, online or from a PayPoint location. Customers can also make early repayments or overpayments at any stage with no charges. If the amount is paid in full on schedule, Guarantor My Loan will reward the customer and their guarantor with one month’s full payment, an offer that’s unique to this lender.
Customers can apply for a loan from Guarantor My Loan online or on the phone, and the lender will offer personalised service and guidance throughout the entire process and term of your loan.
