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Guarantee the meaning of the loan and the guarantor's responsibility

Time: 2013-04-07         Source: Rong 360         Author: 360 Financial consolidation

  Guarantee the loanMeans a third party's promise that the borrower can not be repaid in accordance with the guarantee provided by the Guarantee ActloanThe principal and interest, according to the provisions of joint and several liability to pay the loan. Guaranteeing the loan guarantee provided by the person for the loan is an irrevocable full joint liability guarantee, that is, the loan principal and interest stipulated in the loan contract and the related expenses caused by the loan contract. The guarantor must also bear all the joint civil liability arising from the mathematic contract.

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