Guarantor Loans Online Expand Loan Product Range

July 5, 2011 - PRLog -- Guarantor Loans Online (http://www.guarantorloansonline.co.uk) is delighted to announce the release of a new guarantor loan product which raises the maximum loan amount from £3000 to £5000. The product is set to offer consumers with bad credit more options as the entire market returns to lending.

Supporting the new product will be an increased term for the full loan amount of £5000, taking it up to a 5 year term. Guarantor Loans Online also now offer £4000 loans on a 4 year term. The new product also bolsters the new fixed rate lending model which was introduced last month. Initially the increase is available only by going direct and not through any brokers, for prospective customers this means no fees at all. It is expected that the product will be released to the wider broker market in the coming months as the demand for larger unsecured lending takes hold in the UK once again.

A spokesperson commented "We see a great deal of customers coming to us unable to get credit from the mainstream lenders and still requiring an unsecured loan of around £5000, we are delighted to now be able to assist these people further. " They went on to say “We believe that the new £5000 product, along with longer terms and a fixed APR will really help deliver customers the most competitive products.”

Guarantor Loans (available from (http://www.guarantorloansonline.co.uk)) have been filling the void in the unsecured loans market since the down turn in the financial climate. Many people are still struggling to get mainstream lending solutions, often due to bad credit, and turn to this product to fulfil their needs.

While the rest of the market is holding back on lending and refusing customers for the smallest thing, the Guarantor Loans Online team will look at each case individually; with no computerised credit scoring, and make a human decision.

[large]About Guarantor Loans Online[/large]

Guarantor Loans Online is a loan lender based in Norwich, England offering loans with a guarantor. Anyone can make a guarantor loan application or find more information at http://www.guarantorloansonline.co.uk. Alternatively you can call them direct on 08000321414 or send an email to alex.clarke@guarantorloansonline.co.uk.

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