Debt Consolidation Loans With a Guarantor

We understand that you may want a debt consolidation loan with more added security. If this is the case for you, you may consider getting a loan with a guarantor. We can work with our partners to help make sure you are getting the type of loan you need.

What is a guarantor?

A guarantor is a person who will cover the cost of your monthly repayment if you are unable to pay it. This person should be someone that you trust and have a healthy relationship with. In most cases, people ask a friend or family member to be their guarantor.

To be a guarantor, a person must be:

  • Between the ages of 18 and 75;
  • Have a regular income which means they can cover the loan repayment if necessary;
  • A good credit history.

Will my guarantor agree to help me?

Choosing a guarantor is a big decision and both parties will need to agree before the loan is approved. Therefore, before starting your application, you should find someone willing to support you.

Although a guarantor should be a close friend or family member, they should have a good history of repaying bills on time and be financially secure.

Homeowners are usually the best people to be guarantors. This is because they often have a good history of managing money well.

Please note, we recommend that a guarantor seeks legal advice before agreeing to be a guarantor on any type of loan.

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How does the application work with a guarantor?

  • You must ask someone to be your guarantor;
  • You will need to fill out our quick online application form to tell us how much you would like to borrow, your ideal repayment time, and some other information;
  • You and your guarantor will be contacted to make sure you understand your responsibilities and that the repayments are affordable for both of you;
  • Once done, you should have the money you need between 2 and 48 hours!

“I can relax and see a future for me and my daughter.”

— Dan

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