You deserve a vacation, far away from all the things that stress you out. But if you don’t have the budget for it now, that vacation can easily become a far-fetched dream. This is where Guarantor My Loan can help you.
Why wait when you can act now and get closer to achieving your travel goals? Use our Guarantor My Loan personal loans calculator and find out if their estimated monthly payments suit your budget.
Terms from 1 to 10 years. Representative example: 5 year £10,000 loan with comparison rates from 2.8% to 49.9% APR would cost between £10,728 and £27,321, including fees. The interest can vary between £728 and £17,321.
Guarantor My Loan summary
Guarantor My Loan is a web-based platform for lenders and borrowers. It primarily offers Guarantor Loans, which is a peer-to-peer lending model that doesn’t include banks.
With this simplified system, guarantor lenders can directly find and connect with qualified borrowers.
Guarantor My Loan features
- Has fixed repayment rates
- Representative 48.9% APR (Fixed)
- You can borrow up to £10,000 over up to 5 years
- Offers Weekly and Fortnightly payment options
- Same-day fund release after approval of application
- Offers cash reward if you pay on time and in full
Guarantor My Loan review
When is it right for you?
Traditional lenders often give first-time borrowers a hard time. That’s why guarantor loans might be the best option if
-
you’ve never borrowed before
- or if you have a bad credit score
Guarantor loans can help you build or rebuild your credit history. In applications, they’re more lenient with credit checks since you can ask a trusted friend or family member with a good income as a guarantor. Their guarantee will then help boost your credit score during credit checks.
Moreover, you can expect lower interest rates because lenders can see that people trust you. As a result, you’ll have more confidence in applying for a loan.
Other key information
If you’re still doubting if getting a guarantor loan fits your situation, you might find these bits of information helpful:
- Guarantor My Loan doesn’t charge broker fees. So, you’ll pay a fixed repayment fee all throughout your term.
- Even if you have a bad credit score or a CCJ, you can consult them for a workaround.
- You can choose between monthly or weekly repayment schedules.
- You don’t need the guarantor to be present during your application, but it will help you get approved faster.
Application process
You’ll get approved for a guarantor loan if you and your guarantor:
- Are at least 21 and no older than 75
- Live in the UK permanently
Meanwhile, your guarantor has to:
- Be a homeowner in the UK
- Earn a monthly income
- Have a good credit history
- Have an active UK bank account
Apply here now.
Guarantor My Loan calculator
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£1,000
to £10,000
We are a peer to peer platform that doesnt charge any upfront fees and you have the flexibility to repay early at any time without penalty.
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £25,000
Paying off your debt using a Nationwide loan could give you the chance to take control of your finances.
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £15,000
You are eligible if youre 21 or over and live in the UK permanently, you have a regular yearly income of £6,000+, you are able to make your repayments by Direct Debit, and you havent been declared bankrupt, had a CCJ or an IVA within the last 6 years. All credit is subject to status and credit checks.
Repayment Period
12 months
to 96 months
Loan Amounts
£15,000
to £25,000
Make your plans a reality with a personal loan with fixed monthly payments, an instant credit decision, quick access to funds and no arrangement fee.
Repayment Period
24 months
to 60 months
Loan Amounts
£15,000
to £24,999
When it comes to putting your plans into action, its personal. And with a personalised loan just a few clicks away, getting things moving could be simpler than you think. Get your loan rate before you apply without it affecting your credit score.
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Minimum and maximum loan periods vary between 1 month and 10 years. APR varies between 2.80% and 71.30% p.a. Total interest repayments vary between £435 and £1,019 over the life of the loan. *APR is based on an unsecured loan of R£15,000 for a term of 3 years. WARNING: This APR is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different APR. These rates can change without further notice. All rates quoted are per annum.
