More information on Guarantor Loans: http://www.guarantorloanscomparison.com/

Video transcript:

Welcome back,

So, Can you repay a guarantor loan early?

The answer to this question is "yes". However, the most important thing to do is to check whether the lender will charge you for repaying the loan early. Some lenders will charge and some won't, so shop around if you think you may want to repay early.

There is often a saving involved with repaying early, because most guarantor lenders charge interest daily - so you will repay less if you borrow over a shorter period.

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