Why we need guarantor for a loan? - letsdiskuss
Official Letsdiskuss Logo
Official Letsdiskuss Logo

Language



Blog
Earn With Us

alvina clair

Financial adviser | Posted on | Share-Market-Finance


Why we need guarantor for a loan?


0
0




Employee | Posted on


Hi, We need a guarantor for secured loans only. There are unsecured loans where no need for any guarantor or collateral. As a surety, the lender will ask for a guarantor, there might be a situation that occurs when a borrower not able to make repayments for an availed loan then the guarantor will be responsible for all the borrowings.


0
0