Who can act as a guarantor on a Bamboo guarantor loan?
Your proposed guarantor should meet the criteria below:
Aged between 21 & 72 at the start of the loan
UK resident (excludes Isle of Man and Channel Islands)
UK bank account
Valid UK debit card (Visa Debit / Visa Electron / Debit MasterCard)
Either a tenant or homeowner
Able to afford the monthly repayments
Not currently a customer or guarantor with Bamboo
Remember, a suitable guarantor includes someone who regularly pays their bills on time, has a regular income and can afford to make the loan repayments if the borrower cannot.
This could be your partner, spouse, friend, family member or even someone you work with.