Several companies have begun offering guarantor loans . Among which Piggy Guarantor loans is the proven leader. Almost anyone can act as your guarantor, as long as they are not linked to you. A guarantor could be a family member, friend or even work colleague. In order to apply for it, you must be over 18 years old and have a UK bank account where the repayments can be collected. To be eligible you will still need to show that you can afford the repayments and that you are capable of paying the loan back in a timely fashion. Only if fulfill these two conditions you are eligible to enjoy the benefits. If you are using a tenant as your guarantor then the maximum amount you will be able to lend is £3000, and the interest rate APR will be 99.9% instead of the rate of around 48% apr of when using a homeowner, so finding a homeowner as a guarantor will result in lower monthly payments than using a tenant. At Piggy Financial Ltd, you can get loans of up to £10,000, if you are a tenant the maximum you will be able to lend is £6000, for £6001 – £10,000 you will also need to be a homeowner as well as your guarantor. They have flexible working criteria’s and hence you will enjoy working with them. If you really need the £10,000 and you are a tenant and can easily afford the repayments, then we do have an option of splitting the full amount over 2 lenders, you can email about this for more details before applying should you want more information; or you can visit their official website and enquire the detailed procedures and work according to their directions.