Frequently Asked Questions

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  4. Can someone who is self-employed be a guarantor on a loan?

Can someone who is self-employed be a guarantor on a loan?

YES 👍

Loan guarantors can be self-employed so long as they:

  • Income – have a regular income that they are able to prove (2-3 years accounts).
  • Affordability – are able to show that if they were called upon to make the repayments on behalf of the borrower, that these would be comfortable.
  • Willing – are willing to be a guarantor on a loan, and take on all the responsibilities.
  • Criteria – in addition, they will need to meet all the lender’s guarantor criteria

Our lenders do consider the personal circumstances of all guarantors, whether they are self-employed, retired, part-time employed and more.