If you want to apply for a loan, you need the applicant to meet the loan conditions. Some applicants are not very qualified, and lending institutions will require a guarantor. Can a person guarantee a loan for others? Under what circumstances can I not be a guarantor? What are the risks of the guarantee? Let's have a look.

Can you guarantee a loan for others? According to relevant regulations, legal persons, other organizations or citizens who have the ability to pay off debts on their behalf can act as guarantors. Whether you can guarantee for others depends mainly on the repayment ability and personal credit status of the guarantor. If you already have a loan, but the loan amount is not large, the debt ratio is not high, and you still have the ability to pay debts, then even if you already have a loan, you can still guarantee someone else's loan. But if the borrower and the guarantor are husband and wife and belong to the same economy, they cannot guarantee each other. Foreigners can't be guarantors. Under normal circumstances, lending institutions will require borrowers and guarantors to have the same household registration. Because of the inconsistency, the loan risk will increase. If you have no financial resources, you can't be a guarantor. After all, the guarantor needs to bear the responsibility of repayment. Retirees generally can't guarantee loans for others, because their age and financial strength are difficult to meet the requirements of lending institutions. Loan guarantee for others can be divided into general guarantee and joint liability guarantee. If the borrower can't repay the loan in the end, he will have to bear the repayment responsibility, and the credit information of the guarantor after loans overdue will also be affected. Therefore, there are certain risks in the guarantee. Before signing the guarantee contract, the guarantor is advised to know more about the borrower. Can you guarantee a loan for others? I believe everyone has an answer to this question. As long as you have repayment ability and good credit information, you can still be a guarantor for some liabilities.

2. When I am a bank loan guarantor, can I still get a loan?

1. During the period of being a bank loan guarantor, the guarantor can also make loans. 2. Under normal circumstances, the borrower repays the loan by himself, and the guarantor does not care. However, the loan amount and monthly payment borrowed by the borrower will generally be displayed in the credit record of the guarantor. 3. When the guarantor needs to apply for any loan, the debt he guarantees will be regarded as his own debt, and usually the lending institution will include it in the debt, which may affect the loan amount of the guarantor.

3. Can I be a guarantor after I have already made a loan?

Hello, I think the lender can be a guarantor. Because the guarantor is an additional guarantee according to the requirements of the loan bank or related companies when the borrower's own strength is insufficient, usually the bank will review the qualifications of the guarantor and evaluate the guarantee ability. If the guarantor has borrowed money, he can be a guarantor as long as he can repay it normally. The key is whether the guarantor can repay the bank loan. For reference only.

4. Can I be a guarantor during the loan repayment period?

1, the loan is available.

2. The loan guaranteed by the guarantor belongs to the guarantor's liabilities before it is paid off.

When the guarantor issues the loan, these are included in the liabilities. Once it exceeds its liabilities, it may not be able to lend.

4. Once the secured loan is overdue, the guarantor will bear all the debts, which need to be reflected in the credit report, which will seriously lead to dishonesty.