When it comes to getting a loan in a hurry, the amount of money you need can have an impact on what options are available to you. If you only require a small amount of money, you should find that you have a few options. It is unlikely that you will receive much support from traditional lenders but you may find that friends or family members will be willing to help you out at short notice for a small amount of money.
Of course, as the amount of money you need rises, you’ll find it harder to raise funds at short notice. If you have unexpected bills to pay for something major has come out of the blue, you need to get money in a hurry but it can be a difficult process. If you are looking to pay for car repairs or you need your boiler sorted in a hurry, you may find that your options are very limited.
Not that you should be considering payday loans, the associated APR with these loans is far too high, but you’ll find that APR loans are only suitable for small amounts of money. After all, you are expected to pay these loans back within a short period of time, so they aren’t really aimed at people who need a lot of money in a short period of time.
Help is available with guarantor loans
However, help is at hand in the form of guarantor loans. If someone is willing to be a guarantor for you, you’ll find that a guarantor loan comes with a much more affordable rate of APR. You’ll also find that guarantor loans come in much bigger values. Starting from £1,000, it is possible to find guarantor loans up to £15,000 depending on which company you work with.
You shouldn’t take out a sum of money just because you can but knowing that there are guarantor loans up to £15000 is a great comfort for many people. Knowing that you can get your hands on that amount of money at short notice and for an affordable amount of time has to be seen as a great thing for many people.
Whatever you need a loan for, you’ll find that there are suitable options; you just need to know what you are looking for. A guarantor loan may provide you with the finance you need to afford what you really need in life.