What is the process?

Get the answers to the most commonly asked questions about applying for a guarantor loan.

Becoming a guarantor is a simple process, but one we want you to feel comfortable with.

Once you have agreed to be a guarantor, both you and the applicant will need to fill in a simple online form. We’ll check the forms and if we need any additional information, we will give you a call. We might need some supporting documents, but we’ll let you know during the call.

If we’re satisfied that both yourself and the applicant will be able to keep up with repayments and the loan is approved, we’ll phone you one last time to run through some affordability checks. When everything’s in order and the loan is approved, we’ll transfer the funds to you. As the guarantor, you are then free to send the money to applicant.

Apply for a loan online and sign forms

Both the applicant and guarantor submit a signed online loan application. You can still cancel the agreement up until 14 days after the loan has been paid out

We’ll give you a call

There may be some additional information we need from you following our checks. We’ll arrange to speak to you about this at a time that’s convenient

Send additional information

If there’s any more documentation needed to support the application, we’ll let you know so you can send it over to us

Final checks

We’ll call you and the applicant to check the affordability of the loan before we approve it

Money is transferred

The loan money is transferred into your bank account to then pass on to the borrower

What is the process?

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