Guarantor Loan Repayments

Guarantor Loan APRs & Repayments

£500 to £7500 Loans - 12 to 60 month loan periods

The Representative APR for the guarantor loans provided by our lenders is 53.8%. In simple terms this means that in at least 51% of the cases the borrower gets this interest rate.

 

This APR is lower than most other lenders who specialise in providing credit to those with imperfect credit, and this is because of the presence of the loan guarantor.

 

The table below shows approximation of the monthly repayments that would be due based on the representative APR%, the loan value and the loan repayment period. However, you should always get personalised quotations from the lenders - in which case complete our online enquiry form :

 

Approx Monthly Repayments at Representative 53.8% APR
	Loan Value:
Months:	£500	£1,000	£2,000	£3,000
12	52	105	210	313
24	31	63	125	188
36	25	51	100	151
48	22	44	88	133
60	20	41	81	121
Example: Borrow £2500 over 36 months, pay back £125.99 per month. Total repayable £4535.70. Representative APR 53.8% fixed.

 

It is worth noting that because the lenders tend to calculate interest on a daily basis and because they don't (in most cases) charge for making early repayments, you can radically reduce the cost of your loan by repaying your loan faster than you originally intended - i.e. make monthly repayments greater than the sums above so that you pay down the loan balance more quickly.

 

£50 to £500 Loans - loan period of a few days to many months

These lower value loans are a direct alternative to a payday loan, but without the high level of charges. They are also more flexible than a payday loan because you can borrow for as long as you want - you don't have to repay on your next pay day. The representative APR is 199% compared to some payday loans of 2000 - 4000%

 

The table below shows approximate total repayment costs for different loan amounts over different time periods - to get an exact quotation you should fill in our online enquiry form.

 

Approx Total Repayments for various loan values over various periods.
	Loan Value:
Period:	£50	£150	£300	£500
7 days	51	153	306	511
31 days	55	165	330	548
2 months	60	180	360	596
3 months	65	195	390	644
Example: Borrow £400 over 31 days. Pay £38.96 interest. Total to repay £438.96. Representative APR 199% fixed.