A Guarantor loan is an unsecured personal bank loan where the quantity lent is вЂguaranteedвЂ™ by another person вЂ“ the Guarantor.
The Guarantor guarantees the mortgage by acting as back-up towards 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 and also the Borrower are home 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 an alternative for those who are able to afford the repayments and feel it will be the smartest choice open to them centered on individual circumstances, even when they usually have reduced credit ratings.
Created in 2009, British Credit the most recognised Guarantor loan providers in britain.
We Are Responsible
Our Guarantor loans are evaluated on affordability.