If you find it difficult to get a loan due to a low credit score or lack of collateral, a guarantor loan may be an option. A guarantor increases the chances of getting a loan, and sometimes it can lead to a lower interest rate. However, both the borrower and the guarantor need to be aware of the risks and responsibilities that come with this loan. Make sure you understand all the terms and conditions before applying for a guarantor loan and consider comparing different lenders to find the best possible rate and terms. If this option is not suitable for you, other forms of loans may be worth exploring depending on your financial situation.