When you apply for the Guarantor loans, you might have decided that it is the best loan for you. After you compare it, you are in the position when you need to find out more about the guarantor loans. You may need to find out about the criteria for the guarantor loan first. It will help you to get the official information about the loan. You could find about it from the website. Mostly, every lender has similar criteria for the application.
The criteria for applying for the guarantor loans from the lender
As applicants, you may need to be older than 18 years old. Besides that, the guarantor should be older than 25 years old. The application is only available for the applicant and guarantor who are UK residents. Then, both of the borrower and the guarantor should be employees and they have to earn at least 500 Pounds in a month. When you fill the application, you need to give your working mobile phone number and email address. Besides that, you must have a working debit account. The most important think is that you are not in a state of bankruptcy or IVA