Sample Loan Guarantor Form

A loan guarantor form is a crucial document in the lending process, designed to protect the lender against the risk of default by the borrower. This form outlines the responsibilities and commitments of the guarantor, who agrees to cover the debt if the borrower fails to repay it. Below is a comprehensive sample of a loan guarantor form, including essential sections and details.

1. Guarantor's Information

• Full Name:
• Address:
• Phone Number:
• Email Address:
• Date of Birth:
• Social Security Number:

2. Borrower's Information

• Full Name:
• Address:
• Phone Number:
• Email Address:
• Date of Birth:
• Social Security Number:

3. Loan Details

• Loan Amount:
• Loan Term:
• Interest Rate:
• Purpose of Loan:

4. Guarantor's Commitment
I, [Guarantor’s Full Name], hereby agree to act as a guarantor for the loan mentioned above. I understand that my commitment includes:

• Responsibility to Repay: I agree to repay the loan amount, including any interest and fees, if the borrower defaults on the loan.
• Financial Assessment: I acknowledge that the lender may conduct a financial assessment to ensure my ability to cover the debt if needed.
• Legal Obligations: I understand that this guaranty is legally binding and will be enforced in accordance with the terms and conditions set forth by the lender.
• Communication: I will promptly notify the lender of any changes in my contact information or financial status.

5. Guarantor's Declaration
I declare that the information provided in this form is accurate and complete to the best of my knowledge. I acknowledge that I have read and understood the terms and conditions of this guaranty and agree to be bound by them.

6. Signatures

• Guarantor's Signature:
• Date:
• Witness's Name:
• Witness's Signature:
• Date:

7. Lender's Information

• Lender’s Name:
• Lender’s Address:
• Lender’s Phone Number:
• Lender’s Email Address:

8. Additional Terms

• Amendments: Any changes to this form must be agreed upon by all parties and documented in writing.
• Governing Law: This guaranty will be governed by the laws of [Jurisdiction].
• Dispute Resolution: Any disputes arising from this guaranty will be resolved through [Dispute Resolution Method].

9. Notarization (if required)

• Notary Public Name:
• Notary Public Signature:
• Date:
• Seal:

This sample loan guarantor form is a basic template and may need to be customized based on specific requirements of the lender or jurisdiction. Always consult with a legal advisor to ensure compliance with local laws and regulations.