Co-signers of bank loans are actually co-lenders, which is just another way of saying it. For the loan project borrowed by the lender, the co-signers of the loan are jointly responsible for repaying the loan, that is to say, the co-signers need to bear the same creditor's rights and debts as the lender. The co-signer may be the co-owner of the mortgaged house or other natural persons who meet the loan conditions.

Bank loan terms:

1. Having a fixed residence, permanent residence or valid residence certificate at the place where the loan bank is located, having full capacity for civil conduct, having a proper occupation and stable income, being able to repay the loan on time, and having no bad credit record.

2. Information required for bank loan: customer's ID card, household registration book, marriage certificate, bank flow, personal credit information, business and loan use related information, asset certificate and mortgage pledge.

3. Clarify the loan amount: When applying for a loan, the application amount should not be too high. The larger the loan amount, the higher the possibility of rejection, ensuring the authenticity of the loan information. The borrower must ensure that the information provided to the lending institution is true and complete, and the purpose of the loan is clear before it can pass the examination.

4. Some banks will require applicants to apply for their own bank's credit card, or borrow money from their own bank, and have a good credit record.

5. Some also require assets recognized by banks to be provided as collateral or pledge, or units or individuals that meet the prescribed conditions and have compensatory ability to repay the principal and interest of loans as guarantors and bear joint and several liabilities.

6. Other requirements of the Bank.

Legal basis:

People's Republic of China (PRC) Civil Code

Article 669 When concluding a loan contract, the borrower shall, at the request of the lender, provide the true information about the business activities and financial status related to the loan.

Article 670 Interest on a loan shall not be deducted from the principal in advance. If the interest is deducted from the principal in advance, the loan will be repaid according to the actual loan amount and the interest will be calculated.

Article 671 Where the lender fails to provide the loan on the agreed date and amount, thus causing losses to the borrower, it shall compensate for the losses.

If the borrower fails to collect the loan according to the agreed date and amount, it shall pay interest according to the agreed date and amount.

Article 672 The lender may inspect and supervise the use of the loan as agreed. The borrower shall regularly provide relevant financial and accounting statements or other materials to the lender as agreed.