The conditions that a loan guarantor needs to meet are: 1. A person with full capacity for civil conduct; 2. A permanent residence and a fixed residence in the local area; 3. The ability to fulfill the guarantee obligations; 4. No obvious record of default. , and the guarantor and the creditor should enter into a guarantee contract in writing. Article 681 of the Civil Code: A guarantee contract is a contract in which the guarantor and the creditor agree, in order to ensure the realization of the creditor's rights, that the guarantor will perform the debt or assume liability when the debtor fails to perform the due debt or the circumstances agreed upon by the parties occur. Article 683: Institutional legal persons shall not be guarantors, except for those approved for on-lending using loans from foreign governments or international economic organizations. Non-profit legal persons and unincorporated organizations with public welfare purposes shall not be guarantors. Legal basis: "Mortgage" as mentioned in Article 33 of the Civil Code in this Law means that the debtor or a third party does not transfer possession of the property listed in Article 34 of this Law and uses the property as a guarantee for the creditor's rights. When the debtor fails to perform its debts, the creditor shall have the right to receive priority payment from the price of the property at a discount or from the auction or sale of the property in accordance with the provisions of this Law. The debtor or third party specified in the preceding paragraph is the mortgagor, the creditor is the mortgagee, and the property providing guarantee is the mortgage. Article 46 The scope of mortgage guarantee includes the principal creditor's rights and interest, liquidated damages, damages and expenses for realizing the mortgage right. If the mortgage contract stipulates otherwise, the stipulation shall prevail.