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Guarantor Information

Guarantor Information

Whether you have a bad credit score or limited assets to keep as collateral, you are likely to require someone who can become your guarantor and help you get a credit facility.

However, finding a guarantor can be tricky; hence, you must know everything associated with a guarantor before finding one.

Who is a Guarantor?

Anyone who trusts you and can agree to prove your repayment commitment to the bank/lender! A guarantor must be willing to back up your loan account and ensure no EMI is missed.

Being a guarantor means helping someone looking for a credit facility, but banks are not assured of their financial potential. Becoming a guarantor for someone means you sign the agreement and officially announce that you will afford the repayment if the borrower fails to repay it on time.

In short, a guarantor is anyone who helps to proves the authenticity of the borrower. If the borrower fails to make the payment on time, the guarantor is liable to do the same.

Why Choose Saral Credit

Simple Application Process

1. Just fill up a simple form

2. Validate your details

3. Click on Submit button

Experienced Advisors

1. Wide range of options

2. Customised loan solutions

3. Best deal on your loan

Instant Processing

1. Priority processing by lender

2. Timely Feedback on your application


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