Taking out a guarantor loan is likely to be a sensible way to improve your financial situation or overcome a difficult period in life. If you have been hit with a last minute bill or you need financial support, looking for the bets type of loan makes sense. You may think that a payday loan offers support at short notice but a guarantor loan is much more effective for your needs.
If you are looking into the prospect of taking out a guarantor loan, these are some of the companies that you may be thinking about using. The guarantor loan representative APR is listed for all of these companies.
- Guarantor My Loan with a Representative APR of 48.9%
- Bamboo with a Representative APR of 49.7%
- UK Trust Loans Ltd with a Representative APR of 49.9%
- George Banco RateDropper with a Representative APR of 49.7%
- LendFair with a Representative APR of 48%
- TFS Loans with a Representative APR of 48.9%
- Aspire Money with a Representative APR of 49.9%
These are all viable and sensible options when it comes to finding a guarantor loan but if you turn to SUCO Loans, you will find that you choose a guarantor loan company with a representative APR of 44.9%. This is more attractive than all of the other listed firms, and you should always pay close attention to the APR when looking for a guarantor loan.
There are plenty of things to think about when looking for a guarantor loan
The APR is not the only factor to consider when looking out for a guarantor loan, you should also consider:
- If you have a guarantor who meets the criteria
- Whether you really need the money
- Whether you can afford to pay it back at the agreed rate
- Whether you agree with the terms and conditions on offer
These are all important factors that you should bear in mind when it comes to guarantor loans but it has to be said that the APR is a big component of whether a guarantor loan company is right for you. You may not think that there is much of a difference between a representative rate of 44.9% and rates that come in at under 50% but when it comes to finances, every penny is important and this can save you a good deal of money in the long term. This is why SUCO Loans should always be at the front of your thoughts if you are looking to obtain a guarantor loan.