£2,000 over 3 years, representative 54.9% APR fixed. Monthly payment £101.66. Annual interest rate 44.59% fixed. Interest payable £1,659.76. Total repayable £3,659.76.
Tenant Guarantor Loans
Once upon a time it was a rule of thumb that anybody seeking a guarantor loan would only be considered if their guarantor was a homeowner, but times have changed, along with guarantor lending.
With homeownership being at its lowest level in generations, finding a homeowner guarantor can be very difficult for many people. So to help make sure that you can get the money you need, in your hand, we offer a non-homeowner guarantor borrowing option – our tenant guarantor loan. And what’s more, we have made it easier than ever before for you to find a suitable guarantor to support your loan application, following a few tweaks to our lending criteria.
With a non-homeowner guarantor, you will be able to apply for a guarantor loan of up to £3,000, which you could use to pay-off other high interest debts, get a new car, or for whatever other reason you may have for needing a loan. Tenant guarantor loans can be both affordable and flexible; not only can you to take advantage of a competitive 54.9% APR rate of interest, but you can also choose to repay your loan over a 12-36 month period. Of course, as a responsible lender we will always make sure that you can afford the loan you need. If you'd like to discuss your options and get a tailored quote then please contact us.
We understand that circumstances change so if you find that you have more cash in your pocket than you thought, you will be able to make overpayments and pay-off your loan quickly; something which can save you money in the long-run as interest is calculated daily.
If you are wondering who can stand as a guarantor for your loan, the answer is almost anybody. You could ask a friend, family member, colleague, or even your partner, so long as they have a good credit history and are not aged over 65.
Your chosen tenant guarantor can be employed, self-employed, or retired, and there is no minimum income level that they must meet – however we will still need to assess their affordability, just in case they are required to step in your behalf.
The online application process is fast, as is the speed that you will find the money in your pocket once your application has been accepted, and you will be able to speak to one of our friendly staff who will offer you a level of personal customer care that is hard to find elsewhere.