What are the rights of a guarantor? There are certain rights accorded to you as a guarantor before and after signing the contract of guarantee. These include: The right to obtain a copy of the letter of guarantee or contract of...
How do I withdraw as a loan guarantor? A guarantor may request to be released from the guarantee. However, the decision is up to the financial institution. The financial institution may: Agree without conditions Agree subject to an...
What are the liabilities of a guarantor? More often than not, guarantors willingly sign the contract of guarantee without fully realising the impact it may have in the future. Therefore, it is extremely important for a prospective...
Is there a maximum age to be accepted as a guarantor? Financial institutions have the discretion to accept anyone as a guarantor as long as the legal requirements of a guarantor are met. Back to Guarantors' Contents
