The purpose of bank loan to the guarantor is to reduce the loan risk and increase the repayment source of the loan. The guarantor's role is to assume the repayment responsibility of the loan when the borrower is unable to repay the loan. Generally speaking, banks will require guarantors under the following circumstances:

First, the borrower's wage income is unstable.

The bank's judgment on the instability of wage income is which unit the borrower works in. Generally speaking, the wage income of civil servants or institutions, state-owned enterprises and retired employees belongs to borrowers with stable income, while private enterprises or self-employed individuals belong to borrowers with unstable income.

Civil servants, institutions, state-owned enterprises and retired employees go to the bank for loans. If there is no problem with credit reporting, the bank will generally not ask the guarantor to make a guarantee. However, employees of private enterprises or self-employed individuals go to the bank for loans, and even if the credit reporting is good, the bank will ask the guarantor.

Second, the borrower's debt is too high.

Sometimes even if a borrower with a stable salary goes to the bank for a loan, the bank will ask the borrower to provide a guarantor as a guarantee when the debt is too high, which is relative to the borrower's income. When the repayment amount of all debts under the borrower's current name plus the repayment amount of the money to be loaned in the bank is almost the same as the borrower's income, it will be considered as excessive debt.

When considering the borrower's repayment ability, the bank will take into account the borrower's basic living expenses. Therefore, when the bank determines that the borrower's debt is too high and then considers the borrower's basic living expenses, the repayment ability is obviously insufficient. In this case, a guarantor is needed to reduce the risk of the loan and increase the repayment source of the loan.

3. The income of the borrower fails to meet the requirements.

The borrower's income does not meet the requirements, which is not equal to excessive debt. When the borrower's debt is too high, if the basic living expenses are not considered, the borrower's income is enough to repay the loan, but the income does not meet the requirements. Even if the basic living expenses are not considered, the borrower's income is not enough to repay the loan.

In this case, the bank will ask the borrower to provide a guarantor with a stable salary income as a guarantor, and deduct the salary from the guarantor's salary card for repayment of the loan. This kind of loan can be used in our local credit cooperative, but other banks don't know whether it will work, so this is a special case and can only be relative.

conclusion

When a bank looks for a guarantor, it is generally the borrower's repayment ability that has certain potential risks. The purpose is to increase the security of the loan, and provide an extra layer of insurance when the borrower's repayment ability has problems, or the borrower's repayment ability is insufficient and the guarantor needs to bear the repayment.

2. What role does the guarantor play in the bank loan?

The main function is actually an extension of the repayment source, and the guarantor bears unlimited joint liability. In other words, if you get a loan and then hire a guarantor, you can't repay the loan and run away on your own, and the guarantor will be held accountable, so generally don't guarantee anyone, which is too risky.

3. What is the guarantor when the bank lends money to the guarantor?

Bank loan guarantor means that the guarantor and the borrower agree that when the borrower fails to repay the loan, the guarantor will perform the repayment obligation as agreed.

According to the provisions of the Guarantee Law, the third party and the creditor agreed that when the debtor fails to perform the debt, the guarantor will perform the debt or bear the responsibility as agreed.

The third party here is the guarantor, including legal persons, other organizations or citizens who have the ability to pay off debts on their behalf, and the creditors here are all creditors of the principal debt.

Here, performing debts or assuming responsibilities according to the agreement is called guarantee debt, and some people call it guarantee responsibility.

Extended data:

Guarantee mode

1, mortgage guarantee

If the borrower uses the purchased owner-occupied house as collateral for the loan, it must use the full value of the house as collateral for the loan; Where real estate is mortgaged, the mortgagor and the mortgagee shall sign a written mortgage contract; The borrower must properly keep the mortgaged property during the mortgage period, be responsible for repairing and maintaining it and ensure that it is intact, and accept the supervision and inspection of the lender at any time.

Before the expiration of the mortgage period, the lender shall not dispose of the mortgaged property without authorization; During the mortgage period, the mortgagor shall not mortgage, lease, transfer, sell or give away the collateral again without the consent of the lender.

2. Pledge guarantee

If pledge is adopted, the pledgor and the pledgee must sign a written pledge contract, which will be terminated when the borrower pays off all the principal and interest of the loan; Before the expiration of the pledge period, the lender shall not dispose of the pledged property without authorization. During the pledge period, if the pledge is damaged or lost, the lender shall bear the responsibility and be responsible for compensation.

Step 3 guarantee

If the borrower fails to provide the mortgage (pledge) in full, the third party recognized by the lender shall provide joint liability guarantee. If the guarantor is a legal person, he must have the ability to repay all the principal and interest of the loan on his behalf and open a deposit account in a bank.

If the guarantor is a natural person, the principal and interest have a fixed source of income, have sufficient compensation ability and have a certain deposit in the loan bank; The guarantor and the creditor shall conclude a guarantee contract in writing.

If the guarantor is changed, the formalities for changing the guarantor must be handled in accordance with the regulations. Without the approval of the lender, the original guarantee contract shall not be revoked.

4. Mortgage plus guarantee

It refers to the loan issued by the lender to the borrower on the basis that the borrower has not obtained the property right of the purchased house, and requires the borrower to provide a third-party joint and several liability guarantor with the ability to pay off on behalf of the borrower as the loan guarantee. Now it is generally required that the developer of the purchased house be the guarantor.