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How does the interest work and can I make extra payments?

The most important thing to know about our guarantor loans is that you only pay interest for the time you have the loan, because we calculate our interest daily.

For example, if you borrow £3000 over 36 months but decide to repay the loan in 12 months, you’d only pay interest for those 12 months.

There are no early settlement fees or charges for making extra payments, so you’re free to make as many extra payments, alongside your set monthly repayments, as you like.

To make any extra payments towards your loan you can:

Representative 49.9% APR (variable)

Our Guarantor Loans