Everyone is familiar with the housing provident fund, so if you need a guarantor when applying, how should you replace it because of some special loan guarantors? What are the specific related processes?

I. Guarantor of Housing Provident Fund Loan

1, definition

When applying for a housing loan, it is generally easier to get approval if the borrower's income is sufficient or reliable.

However, if the borrower's income is not enough, or his credit history is not good, and the down payment is not much, the lending institution will ask the borrower to find another guarantor to bear the debt.

③ Parents, brothers and sisters are co-guarantors.

2. What is the responsibility of the guarantor?

If the borrower fails to repay the loan, the guarantor is liable for repayment. Before committing to be a guarantor, we must carefully review the debt guarantee named money, that is, for the lending institution. Even if the relationship between the guarantor and the debtor changes, for example, the husband guarantees his wife to apply for a house loan and eventually they divorce, the guarantee will not be affected by the dissolution of the marriage relationship. Once a guarantor signs as a guarantor, he will always become a guarantor. Unless the borrower agrees to cancel the repayment by the guarantor himself with the consent of the lending institution, the guaranteed loan amount and monthly repayment amount will generally be displayed in the credit record of the guarantor. When the guarantor needs to apply for any loan, the debt he guarantees will be regarded as his own debt, which may usually affect the loan amount of the guarantor.

Second, change the guarantor and change the process.

1. The borrower first applies to the loan department (or management department or sub-center, the same below), and after the loan department agrees, the loan department issues the Notice of Change of Guarantor of Housing Provident Fund Loan to the loan handling bank.

2. In accordance with the Agreement on Notifying the Borrower of Housing Provident Fund Loan, the Newly Added Guarantor and the Original Guarantor to Change the Original Guarantor of Housing Provident Fund Loan with their ID Card, the bank handling personnel shall sign by themselves and press their fingerprints, and the change of guarantor shall take effect after the parties to the agreement have signed it completely.

3, the handling bank according to the change, modify the housing provident fund loan guarantor information, and notify the lender.

4. The loan department unfreezes the housing provident fund account of the replaced guarantor.

According to the above letter, what should you do if you want to change the guarantor? I hope it helps you.

2. Can the loan guarantor be changed?

Legal analysis: Yes. However, on the one hand, the guarantor needs to negotiate with the bank, on the other hand, the bank needs to change the guarantor's identity in RMB for the safety of funds. The so-called guarantee means that when the borrower cannot repay the loan, the guarantor will bear the repayment responsibility, so that the risk of the lender will be reduced.

Legal basis: Article 699 of the Civil Code of People's Republic of China (PRC). If there are more than two guarantors for the same debt, the guarantors shall bear the guarantee liability according to the guarantee share agreed in the guarantee contract; If there is no agreement on the share of guarantee, the creditor may require any guarantor to bear the guarantee responsibility within the scope of its guarantee.

3. Can I change the guarantor after the loan?

If it is better to replace the guarantor after the loan, but it is impossible to replace the guarantor after the loan, the bank contract has taken legal effect.

4. Can the loan guarantor be replaced?

Sure！ But you have to go to the bank and make a record.