Application process for Guarantor Loans
To apply for a guarantor loan, you need to compare between various lenders to get the best interest rates. If you are applying for a guarantor loan, you need to choose a trusted and reliable lender who offers you the best interest rate. We, at Tikibar guarantor loans, understand your situation and strive to offer you the best of our services. What mainly matters to us is that you can easily afford our loan repayments with your other expenses.
Once you select your lender, you will be asked to provide all of your personal details as well as the loan amount you would like to avail for a specific time period. The lender will provide you with the requisite details, how you will be required to pay each month. However, a trusted lender will not charge any extra amount and therefore, you can discuss everything in details about your loan.
After getting all the required information about your guarantor loans, you need to provide a guarantor’s details with permission. To do this task in an accurate way, please bring your guarantor along with you while applying for a loan. This will help to prevent delays.
Now, let’s discuss these processes in details–
Step 1: Provide your details
While applying for a guarantor loan, we will provide you with a standard form where you will be asked to enter the amount you want to borrow from us and of course, the period. This plays an important role as based on these details we will determine whether you will be offered with the required amount or not because through these details we can assess how much you can afford to pay and how much time you need to pay off the loan. In the form, you will be asked to provide your name, address, email address, mobile number and the purpose of your loan.
Step 2: Receive a phone call
The next step involves the guarantor lender calling you up or mailing you, mentioning the terms and conditions. You will be asked to sign on the document either by typing your name or sending a SMS code. Alternatively, you can expect to get calls from the lending company in order to confirm some of your personal details. This is an important process which confirms the fact that you are eligible for the guarantor loan.
Step 3: Enter guarantor details
Once your personal details are confirmed, you will be asked to provide with the requisite guarantor details which should be done by the guarantor only and include necessary information regarding where the guarantor lives, his source of income and employment. If your guarantor is a homeowner in UK, you are likely to experience more advantages.
Step 4: Provide debit card details
When you successfully pass all the necessary checks carried out by us, you will be offered a loan that you can accept. You will be asked to provide debit card details as guarantor companies do not accept credit cards to collect or deposit funds.
Step 5: Funds will be sent to the guarantor
Once you perform the procedure properly, the funds will be transferred to the guarantor’s debit card account. You can withdraw the amount through your guarantor’s account only.
Our process is simple and easy. Our guarantor loans are designed to meet the financial requirements of every individual.