24 free months for your businessOnline account in 15 minutes via BT GoOver 600,000 entrepreneurs are already with BT

What does "personal guarantee for a loan" mean?

Personal guarantee for a loan is the commitment made by a person other than the one who takes the credit and assumes it towards the creditor to execute the obligation, in the event that the principal debtor does not fulfill the contractual duties. 📑

Personal guarantees can be surety or guaranty. 🙂

Last update
  • Was the answer useful to you?
  • How can we improve the answer?

    We are sorry that this answer was not useful to you. Help us improve it

    0/500

    • Tags
    WarrantySME
    2 years of business banking with no fees
    Open an account for your business directly from BT Go in 15 minutes and enjoy 24 months of unlimited payments, collections, and accounts in RON and foreign currency.
    I want the offer
    2 years of business banking with no fees
    You have reached the end of the results
    No results found