When you are looking to take out a guarantor loan, the first thing you need to realise is that not all guarantor loan lenders are the same. You may take a casual glance at some firms and think that there isn’t much difference but there are definitely aspects that could greatly impact on how attractive a loan company is to you. It is likely that there will be a number of factors that are important to you when looking for the best loan but you should always be on the lookout for affordable guarantor loan lenders.

Some representative APRs from leading affordable guarantor loan lenders in the UK are:

• Amigo Loans 49.9% Representative APR
• Buddy Loans 49.9% Representative APR
• Bamboo Guarantor Loan 49.7% Representative APR
• TFS Guarantor Loans 48.9% Representative APR
• Trusttwo Guarantor Loans 43.8% Representative APR
• SUCO Guarantor Loan 39.9% Representative APR
• UK Credit Guarantor Loan 37.9% Representative APR

This list provides you with a fantastic starting point that will help you look for the loan that is right for your needs. There are many different things to consider when looking for a guarantor loan but knowing the representative APR allows you to make a quick judgment on what a company is like. The lower the representative APR, the better for finding an affordable loan but don’t forget that the final decision on every loan comes down to what is included in the application.

Choose from the most affordable guarantor loan lenders

This means that your view on the most affordable guarantor loan lenders is likely to differ from someone else. If you have a guarantor with a fantastic credit score, you’ll find that it is more likely that you will receive a positive offer. If the guarantor doesn’t have a fantastic credit score, the offer is likely to be less attractive. This means the choice of guarantor is crucial in finding the best loan, so make sure you think seriously about who you ask to support you as a guarantor.

In addition to finding the most affordable guarantor loan lenders, you need to think about the repayment schedule. It is one thing to find the money you are looking for but if you cannot repay it back in the allotted time, this isn’t the loan that is right for your needs. It is important that you take the payment schedule into consideration as well because that may cause a problem later on if you cannot meet the schedule.