In the case that the borrower can't repay the loan, the guarantor will bear joint and several liability, that is, if the borrower can't repay the loan, he will find your guarantor!

Generally speaking, the guarantor is a teacher or civil servant with a stable income. If the borrower can't repay the loan due, the bank will find your guarantor to repay the loan and cut off your meager salary if necessary. In other words, the salary paid by your company will not be paid to you, but will be paid directly to the bank to repay the loan.