Am I eligible for a Guarantor Loan?


Even if you have a low credit score and have found it difficult to secure a loan elsewhere, this won't stand in your way to being accepted for a guarantor loan. However, there are a few requirements we need you to meet.

Every application is thoroughly assessed to make sure both you and your guarantor are financially suitable for any loan provided.

what are the eligibility requirements for a guarantor loan

Borrower

To secure a guarantor loan, our criteria is that you need to:

  • be 18 to 70 years old at the time of loan payout
  • be a UK resident with a bank account
  • be employed, self-employed, retired or on certain benefits
  • have not been bankrupt or in an Individual Voluntary Arrangement (IVA) in the past 12 months
  • have no Debt Management Plan
eligibility requirements for a guarantor

Guarantor

Your guarantor needs to:

  • be 21 to 70 years old at the time of loan payout
  • be either
    • a homeowner, or
    • an employed non-homeowner
  • have not been bankrupt in the past 6 years
  • have no Debt Management Plan or Individual Voluntary Arrangement (IVA) over the past 6 years