Hero Loans (HeroLoans.co.uk) is a specialist lender that aims to offer flexible guarantor loans to customers who may be turned down by other banks and lenders. By taking out a guarantor loan from Hero Loans, you could avoid the high interest rates set by payday loan companies. No matter what your credit history might be, if you have a trusted qualifying guarantor then Hero Loans may be able to help you.
To apply for a guarantor loan with Hero Loans, your guarantor must be a trusted friend or family member who is between the ages of 25 and 65. They must be a homeowner and a UK resident with a good credit record who will be willing to take over the payments of the loan if for some reason you are not able to cover them. Before your loan is approved, Hero Loans will talk to your prospective guarantor to ensure that they are able to afford the repayments and that they understand the terms of the loan.
Customers are able to borrow anywhere from £1,000 and £5,000 from Hero Loans, as long as they are able to meet the monthly repayments and have a guarantor backing them up. The loan can be repaid over one to five years, depending on the amount of money borrowed, and you can make early repayments or overpayments at any stage in your loan without being charged an additional fee. Making early payments is a good way of reducing the long term overall cost of your loan, as you’ll avoid the future interest rate that will be incurred.
To apply for a guarantor loan from Hero, all you have to do is confirm your agreement with your guarantor, fill out the online application form and wait for a response from the lender. If your application has been successful, Hero Loans will call to confirm your acceptance of the conditions of the loan. The whole process usually takes just a few hours, and Hero Loans can be reached by phone or by live chat on its website if you need more information.
