Representative Example: Borrow £4,000 and pay back your loan over 36 months. Monthly payments of £194.78.
Total amount repayable is £7,012.08. Interest payable is £3,012.08. APR of 49.7%. Interest rate of 41%. Fixed rate.
How to Apply
Once you have decided you want to get guarantor loans, the next step is to figure out how to get a guarantor loan. A great place to start is to make an application. Ideally through us (Talk Loans) which allows you to take advantage of our quick turnaround time and a high acceptance rate.
Our overall loan process is simple, allowing you to make one simple application online.
Step 1. Your Initial Guarantor Loan Application
First things first, select the amount you want to borrow, then select your loan term. There is a loan calculator at this stage and the calculations are based on our representative APR. Because of this you get an good idea of what your monthly, and total repayments will be. We recommend you have a play with this to find an affordable option.
Don’t worry if you are unsure, you can always change this later before your loan is finalised.
Once you are happy with the loan details it’s time to enter your personal details including name, date of birth, address and employment details. If you have lived at your address for under 3 years we will ask for your previous address. Make sure you fill all of this in as accurately as possible to avoid any delays in loan processing.
Before you click the next button, we need your bank sort code and account number. We understand it’s never ideal to put your bank details online, however when taking out a loan it is necessary. We will not ask for your long card number or any other information, and please know that Talk Loans and our partner lenders will only use this information to validate your application and combat fraud – it’s one of the simplest and most popular ways to carry out an identification (ID) check.
Our website is secured by a Secured Sockets Layer (SSL) which means your data is encrypted between the website and our servers. So even if you are applying over WiFi in Starbucks, you are safe.
Once you have filled everything in and checked the appropriate boxes, click next to get to Step 2.
Step 2. Is Your Guarantor Loan Affordable?
This is a straightforward stage, simply enter your monthly incomings (pay, benefits, pensions, etc) and outgoings. We collect this information to ensure the loan will be affordable. We may double check this with you before finalising the application so please make sure the information you enter is as accurate as possible.
Once this is done click next.
Step 3. Your Guarantor Details
At this stage you need to enter your guarantor details. If you don’t have your guarantor at this stage you can take a break, stop and continue later. We will send you an email with a link to continue your application, we may also call you to help speed up the process.
If you know who your guarantor will be, this is where you enter their details. Please make sure the email address and contact number are accurate, and not the same as yours, or we will not be able to progress with your loan before amending them.
Once you are happy that your guarantor details are accurate, click the next button.
Step 4. Borrower Complete
That’s your part done. If your guarantor is with you you can click through from this step to complete their bit (which is almost an exact replica of what you have just filled in). If you guarantor is not with you, don’t fret, we will automatically send them a text message and email with a link for them to follow in order to complete their part of the application process.
Once the guarantor has completed their part of the application one of our Account Managers will be in touch with both of you to get everything finalised, and talk you through your options.
At this stage you may need to provide some supporting documents like a payslip or some ID, we will talk you both through this as needed, keeping things as simple as possible.
Once this is all done your guarantor loan will be in with a lender. It is then up to the lender to complete their final checks and pay the loan out in full to your guarantor, who can then transfer the money directly to your account.
Mon - Thurs: 9:00 to 19:30
Fri: 9:00 to 17:30
Sat: 9:00 to 12:00
61 - 63 Riverside Road
WARNING: LATE REPAYMENT CAN CAUSE YOU SERIOUS MONEY PROBLEMS. FOR HELP GO TO MONEYADVICESERVICE.ORG.UK
Guarantor Loans Representative Example: Borrow £4,000 over 36 months. Monthly repayment of £194.78. Total repayable is £7012.08. Interest payable is £3012.08. Fixed APR of 49.7%. Interest rate of 41%. Representative APR 49.7% (fixed).
Personal Loans Representative Example: Borrow £300 over 6 months. Monthly repayment of £92.43. Total repayable is £554.58. Interest payable is £254.58. Fixed APR of 883.6%. Interest rate of 169.7%. Representative APR 883.6% (fixed).
Talk Loans is a Broker, not a Lender. To operate this service we receive commissions from the lender or broker we refer you to. To apply for a loan though our website you must be a UK resident.
Talk Loans is a trading style of Butler Westbury Limited Registered in England No 9035270. Authorised and regulated by the Financial Conduct Authority Reference No. 625156. Registered with the Information Commissioner’s Office ZA090336. Registered office address: 3 Cricket Close, Drayton, Norwich, Norfolk, NR8 6YA