Recently, due to the lack of economic stability in the country and the world, it has become increasingly difficult to find a loan guarantor. Few people want to expose their material well-being and act as a "scapegoat" in the event that the borrower suddenly becomes insolvent. Who should you contact in a situation where it is impossible to get a loan without a guarantee?
Instructions
Step 1
Choose a loan program, according to which interest rates will be reduced, subject to guarantees from other persons. Please note that not all banks provide such conditions to their borrowers.
Step 2
Ask your next of kin, friends, and acquaintances to act as guarantors for your loan. Be sure to provide them with evidence that you do not have any other loans either before this or before any other bank. You will have to provide the same certificates to other persons if you really want to find a guarantor as quickly as possible.
Step 3
Go online and try to find a sponsor from your area. You can find a person who will become your guarantor for a certain fee in social networks and on the forums of banks or on websites dedicated to banking. Invite this person to meet you in person, do not send him any money or documents before you see him. Draw up the transaction and the loan agreement in the same way as if your acquaintance acted as a guarantor.
Step 4
If you could not find a guarantor, contact the bank and find out if the bank's charter regulates the issuance of a loan secured by not only an individual, but also a legal entity (firm, institution, enterprise). Usually, bankers do not object to such a surety, especially in cases where the legal entity has a positive credit history, a stable financial position and a current account with the same bank.
Step 5
Be sure to indicate in the agreement with the bank the limits of the guarantor's liability, since this will be beneficial, first of all, to the person (or organization) who decided to vouch for you. Usually banks do not protest against partial liability, but on the terms of surety of several persons.
Step 6
Conclude an agreement on the provision of a surety and indicate in it the conditions for reimbursing its costs in the event that you cannot pay off the loan debt on time.
