4. No fees
There are no fees charged on guarantor loans in the UK while processing or after early or late payments as a means to attract borrowers.
5. Flexible Payment Plans
A lender ensures your loan repayment is affordable and can be paid through direct deposit, cash, online or through a debit card.
Before you take up a guarantor's loan, always consider the following:
1. Interest rates
2. Repayment periods
3. Your eligibility to qualify.
4. Eligibility of your guarantor
Guarantor loans are an easy and fast way to finance individuals. However, despite the minimum requirements, guarantor loans in the UK are expensive due to the interest charged.