1, general guarantee liability. Its responsibility is that when the debtor can't pay off the due debt, the guarantor going abroad should bear the responsibility for it, that is, pay off the due debt.

2. Joint and several liability. The creditor's responsibility to pay means that when the debt reaches the repayment period, the creditor has the right to ask the debtor or guarantor to repay the debt.

What is a guarantor:

The third party and the creditor agreed that when the debtor fails to perform the debt, the guarantor shall perform the debt or bear the responsibility according to the agreement. The third person here is a guarantor, including a legal person, other organization or citizen who has the ability to pay off debts on his behalf.

To establish a security interest, a security contract shall be concluded in accordance with the provisions of this Law and other laws. Guarantee contracts include mortgage contracts, pledge contracts and other contracts with guarantee functions. The guarantee contract is a subsidiary contract of the main creditor's rights and debts contract. If the principal creditor's rights and debts contract is invalid, the guarantee contract is invalid, unless otherwise stipulated by law.

Conditions for guarantor to go abroad

The guarantor has the qualifications prescribed by law, that is, the conditions that meet the requirements:

1, not involving this case (loan);

2, enjoy political rights, personal freedom is not restricted;

3. Have permanent residence and permanent residence in the local area;

4. Have the ability to fulfill the guarantee obligations;

5. There is no obvious record of breach of contract. The civil liability of the guarantor after the guarantee contract is invalid;

The procedures required for the guarantor to go abroad are as follows:

What materials does the guarantor need to go abroad:

1. After the economic guarantor submits the economic guarantee and bank deposit certificate to the relevant departments, it is not necessary to freeze his bank deposit. However, when examining the economic guarantee ability of economic guarantors, the relevant departments require that bank deposits have a certain deposit period in banks, usually ranging from 3 months to half a year; In addition, foreign embassies, consulates or agencies responsible for approving entry visas will check the deposits of economic guarantors in banks from time to time to prevent fraud or other irresponsible acts.

2. The property of the economic cashier, such as houses and enterprises, is the concrete embodiment of the guarantor's economic strength. However, the relevant departments only regard this as a reference for reviewing the qualifications of economic guarantors, not as the main basis. Because there is still a complicated process to convert property into cash, and property such as houses and enterprises can be maintained by individuals applying for loans or installment payments through lending institutions and banks, this property belongs to the economic guarantor, but it is not entirely owned by the guarantor. Therefore, it is not easy for an economic guarantor to provide financial guarantee directly to international students with his own property.

Legal basis:

Article 688 of the Civil Code of People's Republic of China (PRC)

If the parties agree in the guarantee contract that the guarantor and the debtor shall be jointly and severally liable for the debt, it is a joint liability guarantee. When the debtor of joint and several liability guarantee fails to perform the due debt or the circumstances agreed by the parties occur, the creditor may require the debtor to perform the debt, or may require the guarantor to assume the guarantee liability within the scope of its guarantee.