Generally speaking guarantor loans can be arranged for those with financial history that shows themselves to be financially independent and capable of repaying a loan without the need of help from others. They are the complete opposite of no guarantor loans or loans without guarantor in the respect that these are for bad credit but carry much higher rates of interest.
Lenders are looking for those that are able to repay comfortably without stress or financial difficulty. With that said, because you have a guarantor, the final burden of proof will lie with your guarantor and while this sounds negative it’s not. If your guarantor has great history it’s going to considerably reduce the amount of interest that you need to repay.
If you make these payments on time its going to help your own credit history too and be rather useful to you in respect to achieving a lower interest rate than you would otherwise have been able to get. Guarantor loans are generally helpful to anyone with bad credit history or good and almost anyone that meets basic eligibility can apply for one much like a bad credit short term loan.