Simple Loan Process
Solent Loans has a simple loan application process that anyone can use. All you need to do is go through 4 simple steps and you will have the loan in your hands. The 4 steps include:
- Loan Quote Application
- Finding A Guarantor
- Confirmation Of Loan
- Disbursement Of Funds
Loan Quote Application
With the online application feature, you can apply for our guarantor loans from the comfort of your home. The quote application form is brief and can be filled within minutes. You can use our loan calculator on the site to calculate the installments you will need to pay on your desired loan.
Finding A Guarantor
The next step is to find a guarantor. You need to select a Suitable Guarantor who is able to guarantee your loan. The most suitable guarantor should be 21 years and above, has a steady source of income, is willing to take responsibility of the loan when you are not able to service it, and is a UK resident.
Confirmation Of Loans
We will call you for a chat regarding the loan. When you have all the things needed for the loan in place, your loan will be approved. And the proper documentation sent for signing. With this completed, you await to receive the funds.
Disbursement Of Funds
Disbursement of the loan funds is usually carried out once the office receives all loan documents dully signed. With the guarantor agreeing to the funds applied for, all our team has to do is release the funds for their intended use. The repayment of the loan will be as agreed in the loan offer letters.
Benefits Of A Guarantor Loan
There are numerous benefits associated with guarantor loans from Solent Loans. These include:
- You get flexible loan options
- Your assets are not required as security for the loan
- You have access to fast and simple online application process
- You are not required to pay any upfront fees to access the loan
- You are not offered loans based on your credit score but on your repayment ability
- The interest rate fees are competitive and could see you paying a much lower amount
- Fast disbursement of funds that range from within an hour or more depending on your speed of application