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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

  Guaranteed loanRefers to the guarantee method stipulated in the Guarantee Law, the third party promises that the borrower cannot repayloanAt the time of the principal and interest, the loan will be issued in accordance with the regulations. The loan guarantee provided by the guarantor for the loan is irrevocable full and joint liability guarantee, which means the principal and interest of the loan as stipulated in the loan contract and the related expenses caused by the loan contract. The guarantor must also bear all joint civil liability arising from the contract.

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