If the bank's water is not enough to buy a house loan, you can find someone to guarantee it. With a guarantor, the mortgage review will be easier to pass. Of course, the requirements of the commercial loan guarantor are different from those of the provident fund loan guarantor. For example, the guarantor of the provident fund loan must also pay the provident fund continuously for more than half a year, and there is no provident fund loan under his name.

Of course, there are other solutions to the problem of insufficient bank flow. Users don't necessarily need to find a guarantor. Increasing the down payment ratio and increasing the financial certificate can solve this problem.

Why does a loan need a guarantor?

In general, you don't need a guarantor to apply for a loan. If you are too young or your income is too low, in another case, the bank may ask a guarantor to guarantee in order to reduce the loan risk. The requirements for guarantors are also relatively high. Need to have enough funds and real estate and good credit. In the case that the borrower has no way to repay the loan, the guarantor will naturally bear unlimited joint liability.

What conditions do loan guarantors need to meet?

1. The loan guarantor shall have full capacity for civil conduct.

The loan guarantor should have a certain ability to judge his external guarantee and whether he can bear the guarantee responsibility, so financial institutions require the loan guarantor to have full capacity for civil conduct. At the same time, the age of the loan guarantor is required to be between 18 and 65. If the guarantor is younger than 18 years old, then the loan guarantor has not reached the legal employment age and has no income to prove his guarantee ability. If the guarantor is over 65 years old, then the guarantor has entered the retirement state, and the source of income mainly depends on the pension, and the limited pension cannot bear the guarantee responsibility. At the same time, the age is getting longer and the uncertainty of the body will also affect the support ability.

2. The loan guarantor shall hold valid identity documents and have a residence at the place where the loan is located.

The loan guarantor must be a real individual, which requires that this person must have legal identification. In case of loans overdue, financial institutions can find this person. In order to ensure the guarantor's willingness to guarantee, financial institutions will require the guarantor to have a local residence. In case of loans overdue, the financial institution can find the guarantor through the residence and negotiate the corresponding guarantee responsibility with the guarantor.

3. The loan guarantor should have a good credit record.

In fact, both the loan guarantor and the borrower are taking the risk of the loan, and financial institutions have the same requirements for credit information when examining the qualifications of the guarantor as the borrower. The credit information of the loan guarantor must be good and there is no bad credit record. Poor credit information records of loan guarantors will affect the guarantor's guarantee ability, and financial institutions will not recognize the guarantor's guarantee qualification.

4. The loan guarantor should have strong repayment ability.

The income of the loan guarantor is very important in the guarantee audit. Once the borrower loans overdue, the financial institution will ask the loan guarantor to guarantee the borrower's overdue loan. If the loan guarantor does not have strong repayment ability, the financial institution will not recognize the guarantor's guarantee ability.