The guarantor of a loan is liable to pay it if the debtor fails to clear it, the Supreme Court held, in an appeal filed by one Ganga Kishun who had stood as a surety to a bank loan taken by Ganga ...

Although both are forms of security for a principal obligation (the payment of your vehicle finance loan), there is definitely a difference. A surety will exist where a person (you) enters into an ...

A surety bond is a promise by a surety (i.e., guarantor), to pay another party, the obligee (i.e., lender), in the event that ... risk based on the specific guarantee agreement and the rights afforded ...

However, a guarantor loan is a type of unsecured loan that requires a guarantor to co-sign the credit agreement. Note that the guarantor’s obligation comes into effect only when the borrower ...

What Is a Surety? A surety is a promise or agreement made by one party that debts and financial obligations will be paid. In effect, a surety acts as a guarantee that a person or an organization ...

The guarantor of a loan is liable if the debtor fails to clear it, the Supreme Court has ruled, while maintaining that financial institutions too cannot act like property dealers in recovering debts.

Most people stand surety for others’ loan applications, however majority never get to understand the implication of such in case of defualt. Proverbs 6:1-2 has solid financial advice, here is ...

A bank will first try and recover all monies due under the loan agreement from the principal debtor, which includes selling the property. If there remains a shortfall, it will continue to pursue the ...

The SC has said that even if you revoke the guarantee before the loan amount is disbursed, there would be no escape for you from paying up the defaulted amount. NEW DELHI: Next time you agree to ...