The bank seeks to provide minimal risks when lending. The requirement of pledge is not always justified for the parties. Additional noarization and evaluation resources are needed. When the amount of the loan does not seem large, and the solvency of the client does not pass along the scoring model, an option with the guarantion is possible.
According to the guarantee, in case of no return of debt, the property will answer the attracted person — the guarantor. Pay attention to the most common misconception. Many bank customers believe that if the bank could not meet the demands of the debtor, he translates the recovery on the property of the guarantor. This is rooted incorrect statement.
The guarantee can be two types —
This option is very convenient to the client. There is no collateral, but there is a provision from another person. The guarantor must remember the important conditions for the conclusion of the contract:
First, the guarantee is less costly for him. No need to pay a notary, appraiser of property and allocate its own property for pledge separately. Secondly, the guarantee is very quickly issued — the party simply signs the contract. Thirdly, you can not have sufficient property to confirm your own solvency. The main thing is that the guarantor answers such conditions to the bank.
For the client, this is a minimum risk. But the guarantor responds to any debt problems of the latter. There is the only exception that was introduced into the practice of the Supreme Court of the Russian Federation since 2015. The responsibility zone of the guarantor does not apply to the expansion of the creditor’s claims after the conclusion of the contract. In other words, if the guarantor pledged for one amount, the Bank unilaterally cannot increase its responsibility within the loan agreement. With the exception of expenses related to legal costs.
Be careful if you agree to the guarantee. If you have problems getting a loan, our
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Did you have cases when you advocated the guarantor and had to pay debt? ?