subject: Guarantor Loans - What We Need [print this page] When applying for a guarantor loan through Guarantor Loans Online (UK Credit Limited) there are certain bits and pieces you need to show us before we are able to fully process the application. The great thing about guarantor loans is that they allow you to borrow money not purely based on your credit history but because of this there is an additional need for proof of things like your income and address.
So what do we need?
We can accept numerous different types of supporting documents. They are listed below:
Proof of Identification
A valid EU or Non-EU Passport
A valid UK Photo-card, or old style paper Driving licence
If neither of the above possessed, then valid debit or credit card with matching statement dated in the last 90 days may be used. If debit card and statement is used and it is the applicant"s main bank account, this may also be used as proof of income but alternative proof of residency will be needed. If you send us a copy of your bank card please cover up your long card number and security number.
Proof of Residency
Bank statement dated within the last 90 days
A utility bill, local authority letter or government department letter dated within the last 90 days
A rental agreement dated in last 90 days
Entry on the electoral register for the current year
If bank statement is being used as proof of ID then alternative from list above must be provided.
Proof of Income
A bank statement dated in the last 90 days
A payslip dated in the last 90 days
Employers reference
Benefit statements
Pension statements
Along with the documents we can accept it is also important to know what we can not accept. It is mainly certain types of incomes that we can not accept. They are listed below:
Unacceptable Income
Proceeds of Gambling
Job Seekers Allowance
Income derived from Savings or Trust deeds
Income derived from an insurance payout
Training Grants
Child Benefit
We need these documents from both you and your guarantor. Having these to hand with make your guarantor loan application as smooth as possible.
