Do you need a loan, but your credit is hurting all your available options? Are you put off by those that either have unreasonable rates or require collateral? Have you asked your friends or family for help, but they are financially unavailable to assist you right now?
If at least one of these is true, then you are a perfect candidate for a guarantor loan! To get started, just submit your details through our online application form. All it takes is 30 seconds!
Guarantor loans are financial products specifically designed for people with poor credit rating or those who do not have any borrowing history yet. Because these individuals are considered high risk customers, lenders can only provide a loan if a guarantor is present. A guarantor is someone with good credit history, who is willing to vouch for your good behaviour and timeliness towards payment.
Basically, your guarantor becomes a “human collateral”, because if you fail to meet the repayments yourself, the guarantor will have to take over. In fact, before the contract even starts, the guarantor will have to agree and sign a document stating this.