A guarantor for the loan who is it And his duties. And his duties

a guarantor for the loan who is it? And his duties. And his duties

a guarantor for the loan who is it? And his duties. And his duties

  1. Who is the guarantor? What is its role in lending? And why do banks so willingly give out consumer, and other loans too, under the guarantee of individuals? Moreover, the larger the loan amount, the more the number of guarantors is attracted. So, for example, when drawing up consumer loans, Sberbank of Russia requires:
    for loans from 45 000 to 300 000 rub. 1 guarantor and without collateral,

    for loans from 300 000 to 700 000 rub. 2 guarantor and without collateral,

    on loans for 700 000 rub. and above 3 guarantor and bail.

    When the bank places guarantors in place as collateral (pledge of suretyship), and secures loans under bail, it receives additional guarantees of credit repayment and at the same time reduces the risk of issuing credit to unscrupulous clients. After all, the guarantor also presents a passport to the bank, a certificate of average salary for the last 3-6 months of work and all information about himself. Requirements to the guarantor's income sufficient funds to repay the loan and the bank's interest. In addition, the bank minimizes the risk of issuing a loan on forged documents, with forged employment, etc. Remember that most of the bank's employees, never on their own initiative, will not make sure to the guarantor about the consequences if the loan is not repaid by the borrower. This is always humbly held back, as the recipient of the loan and the bank do not care.

    So, the guarantor is a person who incurs obligations to the creditor of another person to be responsible for the fulfillment by the latter of all of its obligations under the loan. Article 361 of the Civil Code of Russia on this occasion reads as follows: Under the guarantee agreement, the guarantor agrees to the creditor of another person to be responsible for the fulfillment of his obligations by the latter.

  2. Very briefly: the guarantor is responsible for paying off the loan in the same way as the borrower. Including own property.

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  • A guarantor for the loan who is it And his duties. And his duties A guarantor for the loan who is it And his duties. And his duties A guarantor for the loan who is it And his duties. And his duties A guarantor for the loan who is it And his duties. And his duties A guarantor for the loan who is it And his duties. And his duties A guarantor for the loan who is it And his duties. And his duties A guarantor for the loan who is it And his duties. And his duties A guarantor for the loan who is it And his duties. And his duties A guarantor for the loan who is it And his duties. And his duties A guarantor for the loan who is it And his duties. And his duties