Can a guarantor get a loan for themselves?

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Whilst somebody is a guarantor for a ClearLoans loan, they can’t borrow another loan from ClearLoans. You may only be on one ClearLoans loan at any one time, as borrower or guarantor.

However, your guarantor may be able to apply for a loan elsewhere. They must pay your ClearLoans loan back if you don't, so they should only take out their own loan if they will still be able to afford the monthly payments on your ClearLoans loan, should they need to, and still have enough money to live their normal life.

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