According to the relevant provisions of the Guarantee Law and the Property Law, there is no age limit for the guarantor, but generally the guarantor will choose someone who has the financial ability to repay.
Second, I want to know, is there an age limit for the guarantor of the rural credit cooperative loan?
There are restrictions on the age of the guarantor, generally China citizens aged 65,438+08-60, and some also require the guarantor to have certain conditions such as property, work unit and stable income.
3. Is there an age limit for the loan guarantor?
The age limit of the loan guarantor is: the age must be 18 years old, and the sum of loan terms is less than 65 years old. Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. : Common sense of interest calculation (1) The interest rate conversion formula for RMB business is (note: general deposits and loans): 1. Daily interest rate (0/000)= annual interest rate (%)÷360= monthly interest rate (‰)÷302. Monthly interest rate (‰) = annual interest rate (%) ⊙. 1. Accumulate the account balance daily according to the actual number of days, and multiply the accumulated product by the daily interest rate to calculate the interest. The interest-bearing formula is: interest = accumulated interest-bearing products × daily interest rate, where accumulated interest-bearing products = total daily balance. 2. Transaction-by-transaction interest calculation method calculates interest one by one according to the preset interest calculation formula: interest = principal × interest rate × loan term. There are three specific methods: if the interest-bearing period is a whole year (month), the interest-bearing formula is: ① interest = principal × years (months) × interest rate; If the interest-bearing period is a whole year (month) and the number of days is decimal, the interest-bearing formula is: ② Interest = principal. Banks can choose to convert the interest period into actual days to calculate interest, that is, 365 days per year (366 days in leap years), and each month is the actual number of days in the Gregorian calendar of the current month. The interest calculation formula is: ③ Interest = principal × actual days × daily interest rate. These three formulas are essentially the same, but because only 360 days are calculated in one year in interest rate conversion, the results will be slightly different when calculating the actual daily interest rate. Which formula is used specifically, the central bank gives financial institutions the right to choose independently. Therefore, the parties and financial institutions can agree on this in the contract. (3) Compound interest: Compound interest means adding interest at a certain interest rate. According to the regulations of the central bank, if the borrower fails to repay the interest at the time agreed in the contract, it will be charged with compound interest. (4) Penalty interest: If the lender fails to repay the bank loan within the prescribed time limit, the penalty interest paid by the bank to the defaulter according to the contract signed with the parties is called bank penalty interest. (V) loans overdue liquidated damages: penalties for the defaulting party with the same nature as penalty interest.
4. Is there an age limit for the guarantor?
According to the relevant provisions of the Guarantee Law and the Property Law, there is no age limit for the guarantor, but generally the guarantor will choose someone who has the financial ability to repay.