A Guarantor loan is definitely 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 to your Borrower, by agreeing they will part of to settle the mortgage in the event that Borrower will not spend. British Credit provides Guarantor loans where both the Guarantor and also the Borrower are property owners. This enables us to supply loans between ВЈ5,000 and ВЈ20,000 with rates of interest between 19.9% вЂ“ 29.9% APR (fixed).
Guarantor loans are a choice for folks who are able the repayments and feel it’s the option that is best open to them according to individual circumstances, no matter if they will have reduced fico scores.
Created in 2009, British Credit the most recognised Guarantor loan providers in the united kingdom.
We Are Responsible
Our Guarantor loans are examined on affordability. We’re going to just accept a loan as we have actually examined that the repayments are affordable alongside other monetary commitments.