Guarantor Loans Online @ www.guarantorloansonline.co.uk
Guarantor Loans Online (GuarantorLoansOnline) is a direct guarantor loan lender operating at www.guarantorloansonline.co.uk. This brand was launched in 2010 and arises from UK Credit Ltd who are based in Norwich. Despite still relatively being new to the scene, Guarantor Loans Online does stand as the main competitor to Amigo Loans (previously FLM Loans). They currently offer between £1000 and £5000 with the terms ranging from 12 to 60 months. They have a fixed APR charge in place of 47.9% APR that has recently been trimmed down making GLO now the cheapest guarantor lender. This is a little lower than Amigo’s 49.9% rate that is also a variable rate. A repayment of £1228.44 would be required on a £1000 loan taken over 12 months (22.84%).
The dedicated guarantor will be required to be a UK homeowner with a good credit history. The age requirement sits between 25 and 72 (it is 18 and 75 at Amigo). The www.guarantorloansonline.co.uk site is designed well with all applications being SSL secure. The loan calculator that they provide is a nice added touch. One of the limitations here would be the lack of account login. As well as this, the loan process must be completed through the post, whilst with Amigo you can do this fully online that will speed up the process. Other than this, there aren’t many differences between these impressive guarantor loan lenders. GLO have done a great job in their early days and the customer reviews studied for them have always been very positive.
