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Do you know the risk associated with loan guarantor?

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A lot of people help their friends and family members by becoming a loan guarantor

But, there are few things which you need to consider before signing as the guarantor

By becoming a guarantor you assure the bank that you will repay the loan if the borrower or co-borrowers fails to repay the loan. In case the borrower fails to repay the loan, you will not only be liable to repay the loan even your credit score will be impacted.

Watch this video to know everything about becoming a guarantor.

 
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