March 29, 2025

loan guarantor

7 critical RISKS of being a loan guarantor in India | All you should know to ensure your credit score, finances are safe | Mint

7 critical RISKS of being a loan guarantor in India | All you should know to ensure your credit score, finances are safe | Mint

TheSpuzz Desk08 mins

Source: Live Mint India is a country that cherishes relations, humility, and affection. Perhaps that is why being a loan guarantor might easily appear to be a mere act of kindness. However, it is important to acknowledge that being a loan guarantor entails high risks and complications you should be aware of. Below are seven…

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What is a loan guarantor and how does it affect your credit score? | Mint

What is a loan guarantor and how does it affect your credit score? | Mint

TheSpuzz Desk011 mins

Source: Live Mint While applying for a personal loan, an individual has to fulfil various eligibility criteria. Some of these include age, income, credit score, debt-to-income (DTI) ratio, profession, work experience, etc. What if the loan applicant’s income is lower or credit score is lower than the bank’s personal loan eligibility requirements?  In such cases,…

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