Whether retirees can guarantee loans has no relevant provisions in our laws, but banks have such provisions because they are worried about the repayment ability of retirees. The loan guarantor refers to the behavior that the guarantor and the creditor agree that when the debtor fails to perform the debt, the guarantor will perform the debt or assume the responsibility according to the agreement. A loan guarantor refers to a legal person, other organization or citizen who has the ability to pay off debts on behalf of the guarantor and creditors and can act as a guarantor.

legal ground

Article 7 of the Civil Code of People's Republic of China (PRC) The principle of good faith A civil subject shall abide by the principle of good faith and abide by it when engaging in civil activities.