A Guarantor loan is an unsecured personal bank loan where the total amount lent is вЂguaranteedвЂ™ by another person вЂ“ the Guarantor.
The Guarantor guarantees the mortgage by acting as back-up into the Borrower, by agreeing they will step up to settle the mortgage in the event that Borrower will not spend. British Credit provides Guarantor loans where both the Guarantor while the Borrower are property owners. This permits us to supply loans between ВЈ5,000 and ВЈ20,000 with rates of interest between 19.9per cent вЂ“ 29.9% APR (fixed).
Guarantor loans are a choice for folks who are able to afford the repayments and feel it will be the option that is best offered to them according to individual circumstances, even in the event they usually have reduced fico scores.
Created in 2009, British Credit the most recognised Guarantor loan providers in britain.
We Are Responsible
Our Guarantor loans are examined on affordability. We shall just accept financing as we have actually examined that the repayments are affordable alongside other economic commitments. Our specialist team are readily available to respond to any concerns.
British Credit is really a lender that is direct Guarantor loans. WeвЂ™re perhaps perhaps not an agent and we’ll never ask for almost any fees that are upfront. Upon application, our specialist team will conduct the required monetary and criminal background checks, and stay in touch to find out more or even verify the main points provided.
We Are Recognised
We’ve lent over ВЈ50 million to a lot more than 24,000 clients. Our clients speed us as exceptional on Trustpilot, with more than 1,000 5-star reviews.
To be looked at for the loan from British Credit, both the Borrower and their Guarantor must satisfy some initial requirements.
- A home owner, either outright or via home financing.
- Aged between 21 in the beginning and 70 in the final end associated with the loan term
- Employed, retired or on particular advantages
- Have already been A british resident for at the very least 3 years
- Manage to pay the repayments
Complete criteria for Borrowers can be located on our Am we eligible page