Guarantor Loans

What can you use a guarantor loan for?

You can use your guarantor loan for a variety of things. You could use it to pay university fees, buy a new car or make a deposit on a home. It can also be used to consolidate debt, as guarantor loans are usually offered at a lower interest rate than other loans. We provide access to a range of lenders, so you can find the ideal loan and lender to suit your financial circumstances. From long term loans to comparing offers for the best rate, discover the most affordable plan for your needs.

Why choose Norton for a guarantor loan?

We know the difficulty that some customers face when it comes to applying for a loan. And we can help. With a range of lenders available, it’s easy to compare guarantor loans, so we can help you find a loan that’s the best suited to your circumstances. We also offer free, no-obligation quotes which won’t show up on your credit report. Our experts are always on hand to offer their knowledge, helping you to research the best loan from a busy market. Find tailored personal loans to fit your financial needs with our help.

How do I ask someone to be my guarantor?

“Mum, Dad, Sister, Friend,. . . I’m hoping to buy a new car / go on holiday ( whatever the reason ) but I don’t have the money right now. Allied Loans could lend it to me, but I need someone who trusts that I’ll make the monthly repayments to be my guarantor. Are you happy to help?”

Be honest, let them know why you’re hoping to apply for a loan, and explain they could be the one making everything possible. Knowing they could be helping you out in a potentially life-changing way can be an amazing feeling, and the likelihood is they’ll be honoured you asked.

Here’s a couple things that can be good to mention:

• Make it clear that you’ve thought your application through and have worked out it’s the best option for your circumstances.
• Guarantor loans are a way to borrow money more cheaply as our interest rate can be up to 25 times lower than payday lenders.
• Let them know a guarantor loan with Allied Loans could improve your credit score, as long as you maintain your payments on time and keep on top of your other bills.
• Assure them you can comfortably afford the monthly repayments. And when things go wrong, Allied Loans will always try and come to an arrangement with you first.

Just remember, honesty is the key. You’ll likely be asked why you need a guarantor at all, which could lead to an uncomfortable conversation about credit scores. Don’t worry. As long as you’re prepared and willing to speak openly about your finances, then soon you could be wondering why you were so unsure about asking.