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What Happens When You Apply For a TFS Guarantor Loan?

hands doing a pinky swear When you apply for a TFS Guarantor Loan, this is the process you and your Guarantor will go through.

It can take less than 24 hours for the loan to be processed and paid out. The average time is 2 to 4 days.

STEP 1: Borrower fills in details online or via phone. You will be asked to give the name and phone number of the person who will be your Guarantor.

STEP 2: One of our customer agents will phone your Guarantor to explain the process. We ask your Guarantor for some basic details and we then run a credit check on them. Your Guarantor is told the amount that you have been approved for.

STEP 3: We email or post documents (depending on yours and your Guarantor’s preference). These documents must be read and understood by both you and your Guarantor. The Guarantor must also sign and return their copies.

STEP 4: Once we have received the signed documents we may ask for a couple of final items e.g a. bank statement, but in the majority of cases this isn’t necessary and we can process the loan agreement.

STEP 5: A member of the TFS Loans customer service team will call your Guarantor to confirm they have no outstanding questions. We will confirm when and where the money will be deposited.

STEP 6: The loan amount is deposited into the Guarantor’s account for them to transfer to you.

If you have any other questions before you decide to Apply for a TFS Guarantor Loan or become a Guarantor for a TFS Guarantor Loan visit  Frequently Asked Questions on our website.

Please feel free to call us if you wish to discuss anything – 0203 476 6438.

At TFS Loans we offer Guarantor Loans from £1,000 to £15,000, over 1 to 5 years.

Our representative APR is 44.9%.

Apply for a TFS Guarantor Loan using the button below:
Apply Online
or
Call 0203 476 4170

44.9% APR Representative

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Loans are subject to status and affordability. Consolidating debts may increase the term and the total amount payable.

Before entering into any credit agreement please make sure you can afford the monthly repayments, we recommend that you seek independent advice if you are unsure of any of the terms of our agreement. There may be other taxes or costs, not paid through us or charged by us, that you have to pay in connection with the agreement.

Late repayments can cause you serious money problems. For help go to www.moneyadviceservice.org.uk

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