To be a guarantor, you must have certain conditions, such as repayment ability, opening a deposit account in a bank and holding certain assets, and your personal credit is spotless. The qualification of the bank loan guarantor is: 1, a natural person with full capacity for civil conduct, aged between 18 (inclusive) and 65 years old (inclusive);

2. Have legal and valid identification (resident ID card, household registration book or other valid identification) and proof of marital status;

3. Have a good credit record and willingness to repay;

4, with a stable source of income and the ability to repay the loan principal and interest in full and on time;

Most importantly, when the lender cannot repay the loan, the guarantor will repay the loan principal and interest for the lender.

You cannot be a guarantor under the following circumstances:

1, husband and wife can't guarantee each other, because husband and wife are family members, * * * has the responsibility to repay debts, and the guarantor must be a third person;

2. Outsiders can't guarantee for locals. Foreigners can leave at any time because their household registration is not local. When the bank needs to ask the guarantor for a loan, it may be difficult to contact the guarantor, which will bring great risks to the bank.

3. A person diagnosed with mental illness cannot be a guarantor. They can't judge what they have done, so they can't bear the responsibility of repayment.

4. A person with a criminal record of fraud cannot be used as a guarantor, and there is a high probability that such a person will not fulfill his guarantee obligation.

Article 683 of the Civil Code (implemented on1October 65438+20265438+20265438) _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Bank loan guarantee method:

1. Mortgage guarantee: If the borrower uses the purchased house as loan collateral, it must use the full value of the house as loan collateral; 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: at the time of pledge, the pledgor and the pledgee must sign a written pledge contract, which will be terminated when the borrower pays off all the loan principal and interest; 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.

3. Guarantee: If the borrower fails to provide the mortgage (pledge) in full, a 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.