When you are looking for a loan, you should try to calculate if you’ll be a good match for the lender. Loan companies don’t just provide loans to everyone, so you need to make sure that you find the loan that is right for you and where you appeal to the lender. You should look for the loan quote eligibility before you build your hopes up about finding the loan that is best for your needs.

One of the best things about guarantor loan quote eligibility is that you don’t have to have a positive credit score. This is something that worries many people when looking for finance. Traditional lenders will often ignore or quickly decline applications from people looking for a loan while they have a poor credit score. This means the options provided by guarantor loan firms are of particular benefit and interest.

However, you shouldn’t assume that there is no criteria to meet and you will have to meet some loan quote eligibility. First of all, the applicant needs to be 18 years old. This is a fair enough assumption for a firm to make and hopefully people below that age won’t be in a position where they need to find funding in this manner.

Check out the loan quote eligibility

There is also a need for a person to be in employment and earning a regular income. This is standard when it comes to loan quote eligibility and if you’re looking for a loan at short notice, you need to be able to prove that you receive regular income.

Another aspect to consider when it comes to loan quote eligibility is that you need to hold a bank account in the United Kingdom. This isn’t going to be an issue for the majority of applicants but it could be an issue where some people fall down. You should find that you can open a bank account quickly so if you are struggling at this point, be proactive and take action before you apply for a loan.

The last aspect of loan quote eligibility to bear in mind is that you need to be a resident of the United Kingdom. Again, this shouldn’t be a concern for the vast majority of people applying for a guarantor loan, but it could trip some people up.

While there is no need to worry about your credit score or rating having any impact on your eligibility to receive a guarantor loan, there are some criteria you need to meet. You need to be at least 18 years old and you need to be in employment earning a regular income. You should be able to show that you hold a bank account in the UK and that you are a resident of the United Kingdom.