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Why Guarantor for a loan?


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Hi All

Why would bank ask for Gurantor on going for a loan, when one would have pledged the land or building documents in original? Generally, the asset worth would be more than the loan amount. Please share your thoughts.

Thanks

Shanerobert

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Because  they dont feel the security you offered by way of the land or buildings is sufficient....for whatever reasons...hence you need to expand on your question.

 

Andy

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