How do you apply for guarantor loans?

The application process is simple and similar to applying for other types of loans – the only difference is that information is also required about the guarantor.

The application can be made online and a decision is provided almost straight away on whether or not the borrower is eligible for guarantor loans. After that the notification of the final approval is given to the borrower and the guarantor and the loan can be paid out. A borrower should be at least 18 years old before applying for guarantor loans, as well as being a UK resident with a UK bank account.

Simply find a lender and begin to apply for guarantor loans, you can do this online or walk into a high street bank.

Within hours you should have a decision, if you are accepted by more than one bank you will be able to pick the one which gives you the better deal. Look for payment timelines and low interest.