Personal guarantee required.

Usually, the installment purchase of Lei Shing Hong excavators requires a personal guarantee. The purchase of an excavator involves a large amount of money, and banks or financial institutions need to ensure that the buyer has the ability to repay and has a good credit record before approving the installment payment.

When making an installment purchase, you need to submit your personal information and credit history to the credit institution, and you need to provide proof of assets such as collateral or guarantor to ensure your ability to repay on time.