Key Points to Take into Account Before Becoming a Loan Guarantor

Hero Fincorp16 Jul, 2022Business

Getting a loan sometimes is not that easy. The lender might not be convinced by the borrower?s low credit score or if certain eligibility criteria is not met. In such cases, the lender asks for a loan guarantor, who offers the guarantee to pay back the amount in case the borrower defaults or vouches for the person?s credibility to payback.