Things to understand before applying forGuarantor loans

Income check: Some lenders check with your bank and understand what your average level of income is. If you are receiving salary as cash, you may fail in this test. In such cases, you will have to produce the pay-in-slips received from your company for the last three years or so for evaluation and ascertaining of your monthly salary. How they are calculating your average income and how they are calculating other information required for ascertaining your salary, your expenditure and your probable savings etc. are not known to others.If your same day guarantor loansapplication is rejected by one of the lenders, you need not feel disheartened or doomed. Your same day loan application company will forward your application immediately to another lender who has more liberal and east terms of service.This saves you from the trouble of starting again from the base level. Your loan application will remain valid with the company for more periods and during the time; theywill be able to find out the exact lender suitable and willing to lend you according to your requirement and capacity.

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