Loan101.co.uk offers guarantor loans from the most competitive companies on the market, and has created a new resource center to introduce the concept to those looking for affordable finance.
Oxford, Oxfordshire -- (SBWIRE) -- 02/17/2015 -- Getting a loan in the modern era is more difficult than it has ever been. Banks have become more risk averse since the economic meltdown brought about by reckless lending. As such, their regulations are now much tighter or their interest rates often outrageous. However, with a Guarantor, those with less than perfect credit rating can actually get a competitive deal. Loan 101 offers guarantor loans from the best lenders in the market, and has created a new resource center to introduce the concept of guarantor loans to a wider market.
The new resource center introduces the concept of guarantor together with information on who can qualify as a guarantor for a loan, and how to pick a guarantor in order to get the most preferential loan rate from lenders.
The website also includes information on how to secure a guarantor loan, including information on what to look for in the offers presented and how to analyze and compare them to make the right choices. The idea is to take people from first understanding to total mastery of the subject, in order to guarantee the best loan possible.
A spokesperson for Loan 101 explained, "Guarantor loans command the very best rates of all alternatives to a traditional loan, and that is because the responsibility is shared between the lender and a responsible party who will undertake to pay off the amount if the borrower is unable. This all but eliminates risk, allowing for the best rates of interest and repayment plans. We want more people to know about this exciting possibility, which is why we created the resource center on our website, which we hope covers everything people need to know. The site will be updated regularly to answer any questions that emerge from consumer feedback."
About Loan101
Loan101 is a one-stop destination for all matters concerning guarantor loans. Whether an applicant, a guarantor, or are simply looking for information about these types of financial products, the site has all the guidance and insight required. The lenders recommended by the site are passionate about helping people obtain the financial assistance they need, no matter what their past and present circumstances are. For more information please visit: http://www.loan101.co.uk/