1. The extended loan contract shall take effect after being signed by the creditor and the debtor.

2. If the guarantor does not sign, the guarantee will not take effect.

It means that the bond-debt relationship is established during the supplementary period, but the guarantee relationship is not established.

A secured loan is a loan in which the borrower's property or the property of a third party is used as the loan guarantee according to the loan contract or the borrower's agreement, and the third party is jointly and severally liable for repayment when necessary.

Secured loan means that when the borrower fails to provide the mortgaged (pledged) property in full, the third party recognized by the lender shall provide joint liability guarantee.

If the guarantor is a natural person, he must have a fixed source of income, have sufficient compensation ability and have a certain deposit in the loan bank; The guarantor and the creditor shall conclude a guarantee contract in writing.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.