LendFair offer very competitive and flexible Guarantor loans. We are the lender, so you are not dealing with a broker or agent and you will never pay us fees. We will also give you a quick decision on your application. See our loan comparison table below for the product that best suits you.
' guarantor loan offers one of the lowest comparable APRs, at just 29.9% (fixed) even for those with a less than perfect
credit history, but you must provide a Guarantor with an excellent credit history who is also a homeowner, and you
must be over 21 years old and take home at least £1,000 per calendar month.
Swapping an existing Guarantor loan from a competitor to Lendfair could save you up to £4,198 * So why not swap today, and save ££££s?
Advantage 29, at just 29.9% APR (fixed) may be especially suitable where you want to borrow a larger sum over a longer period, say for debt consolidation or debt replacement. As we say at Lendfair; "If your friends and family trust you; so do we"............and now we've put that into practice with an industry busting loan rate.
Our ' Standard 47' guarantor loan, 47.9% APR (fixed) is tailored for those that don’t earn at least £1000 each month, or if your proposed guarantor doesn’t have an excellent credit history. It’s also our most flexible loan and you can borrow as little as £500.
Our Standard 47 requires a Guarantor with a reasonably good, but not perfect, credit history and you can tailor our Standard
loan to fit your borrowing needs and what you can afford to pay back each month, selecting your loan in £100 increments
and 3 month intervals, from just £500 over 6 months at 47.9% APR (fixed), allowing you to borrow exactly what you need,
at a monthly repayment you can afford.
The flexible loan from Lendfair.
Basically to benefit from a Lendfair Advantage 29 loan, you will need a Guarantor with an excellent credit rating and
as the borrower you must be over 21 years old and taking home at least £1,000 in earnings each month? Your Guarantor
must have been at the same address for the last 5 years (but can be a tenant OR homeowner, we don't mind) and cannot
be your spouse or partner. Can't meet those requirements? Then consider using a different Guarantor; or apply for our
Standard 47 loan, It's a bit more expensive but may still be a good alternative, especially when compared to other
High Cost Short Term Credit, like Payday loans, and particularly for small loans over short periods.
A complete comparison is given in our loan comparison table below.
* Compared to an Amigo loan of £7500 repaid over 60 months APR 49.9%; repaying £17,786.40 compared to Lendfair Advantage 29 repaying £13,587.83 over the same period APR 29.9%. Lendfair saves you a whopping £4,198.57. Correct at 14/07/16
|To find out more about the loans we offer there is more information in the||Advantage 29||Standard 47|
|About our loans section||Apply||Apply|
|Term||12 - 60 months||6 - 60 months|
|Loan amount||£1,000 - £10,000||£500 - £5,000|
|Incremental loan term||6 months||3 months|
|Minimum monthly payment||£40||£30|
|APR % (fixed)||29.9%||47.9%|
|Borrower age||21 - 73||18 - 75|
|UK residents only||True||True|
|UK personal bank account required||True||True|
|Minimum net monthly income||£0||£1,000|
|Can my guarantor be my spouse or partner?||False||False|
|If all my income is benefits other than pension, can I still apply?||False||False|
|Will I be credit scored?||Discretionary||True|
|Can I apply if I have CCJs?||True||False|
|Can I apply if I am in a debt management program?||False||False|
|Guarantor age at start||25 - 73||20 - 75|
|UK residents only||True||True|
|UK personal bank account||True||True|
|Can I be a homeowner?||True||True|
|Can I be a tenant?||False||True|
|How long must I have lived at current address (years)?||1 year||5 years|
|Representative example; Borrow £3,500 over 48 months repaying £118.86 a month. Total repayable £5,705.28 Representative APR 29.9% fixed. Interest rate 29.9% fixed||Representative example; Borrow £2,500 over 36 months repaying £120.04 a month. Total repayable £4,321.44 Representative APR 47.9% fixed. Interest rate 47.9% fixed|