What does "personal guarantee for a loan" mean? - IntrebBT | Transilvania Bank

body * { display: none!important; } body:before { content: 'Eroare: Aceasta pagina are nevoie ca JavaScript sa fie activat.'; position: absolute; top: 50%; left: 50%; width: 100%; max-width: 300px; padding: 20px; display: block; text-align: center; font-size: 16px; font-family: monospace; font-weight: bold; transform: translate(-50%, -50%); }

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 takesthe 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

2026-06-12

Was the answer useful to you?

Tag

Warranty SME