1. The role of the guarantor: the guarantor undertakes the repayment obligation in the online loan, and can repay the loan on behalf of the borrower if it fails to repay the loan on time.
2. Application conditions: As a guarantor, you usually need to have a good credit record and a stable economic situation. Different platforms may have different requirements, but generally speaking, good credit records and income sources are important factors.
3. Risks and liabilities: As a guarantor, if the borrower fails to fulfill the repayment obligations, the guarantor shall compensate the arrears. Therefore, the guarantor should carefully select the borrower and evaluate its risk-taking ability.
4. Platform regulations: Different online lending platforms may have different requirements and operating rules for guarantors. Before choosing a platform, it is recommended to read the relevant regulations carefully to understand the reputation and reputation of the platform.
Summary: Participating in online lending as a guarantor is a way to provide credit endorsement for others. However, as a guarantor, there are certain risks and responsibilities, which need to be carefully considered to ensure sufficient economic ability. When choosing platforms and borrowers, we should consider and comprehensively evaluate risks. Extended data:
Low-interest loans and individual industrial and commercial loans are some common types of online loans.