Do I need a guarantor for my housing loan?
This is at the financial institution's discretion and depends on the credit standing of the borrower.

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  1. Guarantor - Person or entity who is legally bound to pay a debt incurred by the borrower if that borrower fails to pay.

Reprinted with permission from BankingInfo (A Consumer Education Programme by Bank Negara Malaysia)

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Knowledge Base ID :   1285
Last Review :   May 22, 2014
Source :   BankingInfo
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