Loans and credit relations have already become quite commonplace, and many have encountered them on their own experience. When someone of your acquaintances decides to borrow a large amount of money, the bank may require that it provide guarantors - people who, in the event of the borrower's insolvency, will be able to give the borrowed amount. If you are the guarantor, you will have to write a surety for the loan - to conclude and sign a surety agreement.
Necessary
- - the passport;
- - income statement.
Instructions
Step 1
A surety is a written obligation of the subject - the guarantor, which guarantees the lender the return of the debt for the borrower in the event that the latter is unable to pay the due amount in part or in full. Officially, a surety relationship can arise only after the signing of an agreement that establishes the obligations of surety or surety in relation to the creditor.
Step 2
The second party signing the agreement can be not only the lender, but also the borrower. If the contract is not signed with the lender, it is a contract in favor of a third party. The subject of a surety agreement is an accessory obligation, which is secondary to the main obligation that the borrower gives. As soon as this obligation - the repayment of the loan amount with interest - is fulfilled, the surety agreement becomes invalid.
Step 3
To become a guarantor, you need to submit an income statement to the bank. Your earnings must be large enough to have sufficient funds for monthly repayment of the loan amount and interest accrued on it. In addition, if you are married, your spouse must be notified that you have accepted the obligations of a guarantor.
Step 4
Civil Code in Art. 361-367 regulates the surety relationship. According to him, they will be considered valid only if the contract is concluded in writing. Before signing it, be sure to study the loan agreement and the form of the surety agreement. They must indicate all the conditions for the issuance of a loan, its repayment, enforced collection and the responsibility of the parties is spelled out. Check with a bank lawyer for all the details.
