However, in practice, situations where the guarantor manages to relieve himself of responsibility for debt repayment are very rare. Even his death does not end the obligation, because in many cases the debts are transferred to the heirs along with the accepted property. Therefore, it is important to make an informed decision and try to protect yourself. Even if a close relative asks you to be a guarantor.
If you have been asked to act as a guarantor for a loan, try to assess the risks correctly. Study the agreement – it should spell out all the essential terms. In particular, the document should contain information on the procedure for the bank to contact the guarantor in the event of non-payment of the loan by the main borrower.
If you have a choice between joint and several liability, choose jiangxi mobile number database the second option. In this case, the bank will first make every effort to collect the debt from the main borrower and only then contact the guarantor. It is also worth remembering the basic precautions - do not sign on blank pages, clarify unclear wording with a bank employee, keep copies of contracts, and so on.
Loans in Bank Sinara
Sinara Bank offersget favorable loansfor up to 3 million rubles and a term of up to 5 years. Most of them do not require a guarantee from third parties. Our clients often receive loans on the day of application, providing a minimum set of documents. And they often manage to return the interest paid when connecting favorable options.
Leave a request on the website and get a decision in just a few minutes! We do everything possible to offer our clients the most favorable conditions.
The information in the article is current at the time of publication. Financial conditions may change. Please check the current data on the page of the product you are interested in. The Bank is not responsible for the use of outdated information.