GUARANTORLOANS.COM REVIEW
GuarantorLoans.com provides loans in the UK market.
They have a representative APR of 295.74%. They only supply loans for a 3-month period and the loan is repaid in monthly installments with the first installment due at the end on the next month and no interest charged for the current month. For example, borrowing £100 will cost you £65.22 in interest plus an admin/transfer fee of £7.50.
GuarantorLoans.com supply loans that start from £100 and go up to £750. These amounts are comparable with those provided by traditional payday lenders.
It seems that their online application is not secure.
They offer same day transfer on the condition that the loan is approved by 5:00pm on the same working day.
They do not credit check their applicants. Instead they require the applicant to provide a guarantor for their loan.
This company does not ask you to fax in any paperwork.
As for their eligibility criteria, you must provide a guarantor who is between the ages of 21 and 60, working, and who has a clean credit history as well as no shared financial connection with yourself. As the loan amounts are relatively small, they do not require your guarantor to be a homeowner.
They provide no ready information on their website about the available repayment methods.
