1, three-party joint guarantee loan, for example: you borrow from the bank, but the bank thinks that the conditions for granting you credit are not enough, so the bank finds two other people who also need loans, and binds the three of you together to enjoy the quota. For example, if the bank approves100000, then this100000 can be used by any of the three of you when necessary.

But no matter which company withdraws money, if it doesn't pay back the money when it is due, the other two companies will bear joint and several liability.

3. This is the risk point of three-party joint guarantee, so if you want to make a joint guarantee loan, you must be familiar with several other companies, in case others don't pay the money in the end and get caught by themselves.

Extended data

I. Business processes

1. Business application and submission of relevant materials;

2. Members of UNPROFOR sign credit contracts and related guarantee contracts;

3. Implement the guarantee, pay the full deposit, and handle the relevant guarantee registration, notarization and insurance procedures (if necessary) in accordance with the credit requirements;

4. Obtain financing and use the credit line according to the purposes agreed in the contract;

5. Repay the financing in the way agreed in the contract.

Second, the application materials

1. Basic information required for general credit business;

2. If other auxiliary guarantee measures are taken, relevant guarantee materials shall be provided.

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