Guarantor Loan Explained: Who Can Be A Guarantor | How to Apply in UK
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Guarantor Loan

Guarantor Loan
  • Quick & Simple Application Process
  • All Circumstances Considered‎
  • Buy Any Car From Any Dealer
  • No Deposit Required
  • No Arrangement Fees
  • Refinancing Available
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Guarantor Loan Car Finance

Here at U Car Finance, we have made getting car finance simple using our three step process, and you can be approved for car finance within minutes. Our aim is to help you secure low rate vehicle finance. We aim to get you the most competitive rates for your car finance, relative to your personal circumstances from our carefully selected panel of lenders.

Use our finance calculator to see what you could borrow today; our finance calculator can give an idea on the monthly payments based on your credit rating.

A Guarantor Loan is when a third party – typically a family member or friend, agrees to repay any of the finance in case you fail to make the loan/finance repayment. A guarantor will take final responsibility for a loan/ finance. You usually pay the lender the loan repayments but if you do not make the repayment, the lender can ask the guarantor to make the repayment on your behalf.

At U Car Finance getting a Guarantor Loan is a great way to boost your chances of getting approved for finance. Guarantor Loan finance can be helpful for a young person who has a questionable Credit History or has no Credit History. Guarantor Loan finance agreement can be really helpful if:

  • You have a bad credit history.

  • Are self-employed, workings with an agency, doing commission based work, claiming benefits etc. (inconsistent income).

  • Are a younger applicant, so you don’t have enough credit history to present reliability.

Getting a Guarantor Loan is not only a helpful way to keep up your repayments; it will also help you improve your credit score in the long run as long repayments are made on time. Meaning you will have a better chance of getting approved for a single applicant loan next time.

Alternatively, you could also try applying as Joint Application, Joint Application agreements are typically seen as a safer alternative to a standard finance agreement, as a secondary applicant can make repayments on your behalf if you find you cannot make the repayment yourself. A Joint Application allows both applicants to pay in an equal amount agreed between them. However, if one applicant doesn’t make a payment or defaults altogether, the other applicant is still held liable for the repayments.

Use our finance calculator to see what you could borrow today, we have competitive rates, we consider all our applicants on an individual case by case basis, this way we are able to take all small personal factors into consideration when making a decision. You can call 0330 445 5505 and talk to one of our friendly members of staff who will help you with any queries.

Why Choose U Car Finance?

  • All Circumstances Considered‎
  • Low Interest Rates
  • No Deposit Required
  • No Arrangement Fees
  • No Obligation Quote
  • Refinancing Available
About Us & How Car Finance Works

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U Car FInance
U Car Finance is one of the leading UK Car Finance Brokers, we are dedicated to giving our customers the best service as possible. We accept people who have been refused elsewhere, people with good credit, bad credit and people with no credit history at all.

Our Address

U Car Finance
208 Victoria Street (Ground Floor)
Oldham, OL9 0DA
United Kingdom

Opening Times
Mon-Fri: 9.00 am - 7.00 pm
Saturday: 9.00 am - 5.00 pm
Sunday: Closed

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Phone : 0330 223 4384
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