ಪರ್ಸನಲ್ ಲೋನ್‌ಗಳಲ್ಲಿ ಖಾತರಿದಾರರ ಬಗ್ಗೆ ನೀವು ತಿಳಿದುಕೊಳ್ಳಬೇಕಾದ ಎಲ್ಲವೂ

ಈ ದಿನಗಳಲ್ಲಿ ವೈಯಕ್ತಿಕ ಲೋನ್ ಸುಲಭವಾಗಿ ದೊರೆಯಲಿದೆ. ಇದು ಸೆಕ್ಯೂರಿಟಿಗಳು ರಹಿತ ಲೋನ್ ಆಗಿದ್ದು, ಇಲ್ಲಿ ಒಬ್ಬರು ಯಾವುದೇ ಅಡಮಾನವನ್ನು ಭದ್ರತೆಯಾಗಿ ಇರಿಸಬೇಕಾಗಿಲ್ಲ. ಇಂದಿನ ದಿನಗಳಲ್ಲಿ, ಅನೇಕ ಬ್ಯಾಂಕ್‌ಗಳು ಮತ್ತು ಹಣಕಾಸು, ಆರ್ಥಿಕ ಸಂಸ್ಥೆಗಳು ಉತ್ತಮ ಕ್ರೆಡಿಟ್ ಸ್ಕೋರ್‌ಗಳನ್ನು ಹೊಂದಿರುವ ಗ್ರಾಹಕರಿಗೆ ಮುಂಚಿತ-ಅನುಮೋದಿತ ಪರ್ಸನಲ್ ಲೋನ್‌ಗಳನ್ನು ಒದಗಿಸುತ್ತವೆ. ಆದಾಗ್ಯೂ, ಖಾತರಿದಾರರು ಅರ್ಜಿದಾರರ ಮರುಪಾವತಿ ಸಾಮರ್ಥ್ಯಕ್ಕೆ ಭರವಸೆ ನೀಡದ ಹೊರತು ಕೆಲವು ಲೋನ್‌ಗಳನ್ನು ಅನುಮೋದಿಸಲಾಗುವುದಿಲ್ಲ.

ಖಾತರಿದಾರರೊಂದಿಗೆ ಪರ್ಸನಲ್ ಲೋನ್ ಎಂದರೇನು?

ಪರ್ಸನಲ್ ಲೋನ್‌ನಲ್ಲಿ, ಖಾತರಿದಾರ ಎಂದರೆ ಸಾಲಗಾರರ ದೃಢೀಕರಣವನ್ನು ಸಾಬೀತುಪಡಿಸುವ ವ್ಯಕ್ತಿ. ಅಂತಹ ವ್ಯಕ್ತಿಯು ಸಾಕ್ಷಿಯಾಗಿ ಕಾರ್ಯನಿರ್ವಹಿಸುತ್ತಾರೆ ಮತ್ತು ಸಾಲದಾತರಿಗೆ ಸಾಲಗಾರರ ವಿಶ್ವಾಸಾರ್ಹತೆಯ ಭರವಸೆಯನ್ನು ಒದಗಿಸುತ್ತಾರೆ. ಮರುಪಾವತಿಯಲ್ಲಿ ಡೀಫಾಲ್ಟ್ ಆದರೆ ಬಡ್ಡಿಯೊಂದಿಗೆ ಲೋನನ್ನು ಮರುಪಾವತಿಸಲು ಖಾತರಿದಾರರು ಸಾಲಗಾರರ ಪರವಾಗಿ ಗ್ಯಾರಂಟಿಯನ್ನು ತೆಗೆದುಕೊಳ್ಳುತ್ತಾರೆ. ಅಂತಹ ಸಂದರ್ಭದಲ್ಲಿ, ಖಾತರಿದಾರರು ಕಾನೂನುಬದ್ಧವಾಗಿ ಬದ್ಧರಾಗಿರುತ್ತಾರೆ ಮತ್ತು ಲೋನನ್ನು ಮರುಪಾವತಿಸಲು ಹೊಣೆಗಾರರಾಗಿರುತ್ತಾರೆ.

ಲೋನ್ ಖಾತರಿದಾರರ ವಿಧಗಳು

ಖಾತರಿದಾರರೊಂದಿಗೆ ಪರ್ಸನಲ್ ಲೋನ್ ಹುಡುಕುವ ವಿಷಯಕ್ಕೆ ಬಂದಾಗ, ಸಾಲಗಾರರು ವಿವಿಧ ರೀತಿಯ ಖಾತರಿದಾರರನ್ನು ಅವಲಂಬಿಸಬಹುದು:

1. ವೈಯಕ್ತಿಕ ಖಾತರಿದಾರ: ಸಾಲಗಾರರು ಮರುಪಾವತಿ ಮಾಡಲು ಸಾಧ್ಯವಾಗದಿದ್ದರೆ ಹೆಜ್ಜೆ ಹಾಕುವ ಸ್ನೇಹಿತರು ಅಥವಾ ಕುಟುಂಬದ ಸದಸ್ಯರು. ಇದು ವೈಯಕ್ತಿಕ, ಶಿಕ್ಷಣ ಅಥವಾ ಸಣ್ಣ ಬಿಸಿನೆಸ್ ಲೋನ್‌ಗಳಿಗೆ ಸಾಮಾನ್ಯವಾಗಿದೆ.

2. Corporate guarantor: A company that supports the borrower’s application, usually for larger business or commercial loans where added financial strength helps.

3. Self-guarantor: A borrower who secures the loan with their own assets, allowing them to avoid involving anyone else. This works for people with solid credit and adequate resources.

4. Government guarantor: Public agencies that back loans through dedicated schemes, making credit more accessible for students, entrepreneurs, and underserved groups.

Eligibility criteria for a loan guarantor

The eligibility criteria for a loan co-guarantor will vary by financial institution or lender. In most cases, co-guarantor requirements must fit the following criteria:

1. They must be of legal age

2. They must have a stable monthly income. For example, the income for your guarantor must meet a certain minimum every month.

3. They must have a sufficient credit score and a good credit history. Remember to check the CIBIL score for your guarantor to confirm eligibility.

In most cases, co-guarantors for personal loans are friends, family members, spouses, or colleagues. If you require a loan with a guarantor, reach out to Tata Capital’s experts for more information on guarantor eligibility! 

Also, read – What Are The Risks Of Being A Personal Loan Guarantor

Differences between a guarantor and a co-signer

When taking on personal or other types of loans, you may be confused about the difference between a guarantor, a co-applicant or a cosigner. Below, we break down the difference between a guarantor vs. co-signer:

– A co-signer is someone who takes on full legal responsibility for a borrower’s debt. If the borrower misses payments or falls behind, the co-signer is immediately on the hook to step in and make things right.

– A guarantor plays a similar role, but with one key difference: they’re only required to step in if the borrower completely defaults. Essentially, they are a last resort.

While a guarantor isn’t required for personal loans, it can increase chances of approval. It is critical to do your research before signing on as a co-signer vs. a guarantor for personal loans.

Why do financial institutions offer personal loans with guarantors only?

By offering a personal loan with a guarantor, the lender feels more assured about the repayment of the loan.

Here are a few situations when a lender may be compelled to ask for a guarantor:

• If the borrower is not financially secure enough to repay the loan.
• If the borrower doesn’t have a stable job and keeps changing jobs frequently.
• If the borrower’s credit score is not good enough to get a personal loan.
• If the loan amount is beyond a certain limit.
• If the lender is not convinced or confident that the borrower will repay the loan.
• If the borrower already has a number of outstanding loans.
• In some exceptional cases, a guarantor may be required as it is in accordance with the rules and regulations of the financial institution.

Responsibilities of a guarantor for a personal loan

Before becoming a guarantor, a person should understand the implications it may have. On becoming a guarantor, the person will become equally liable as the borrower. In the case of a default in payment by the borrower, the lender (bank or financial institution from where the loan was taken) can recover the amount from the guarantor. In such circumstances, the lender can also take legal action against the borrower as well as the guarantor.

The guarantor’s monthly income and other assets can also be attached to recover an outstanding loan. This is why most banks have guidelines about guarantors; for example, the guarantor should be in a better financial position than the borrower.

On the positive side, if the borrower repays on time, the guarantor’s credit score also increases. However, if the borrower defaults in repayment, the guarantor’s credit score will take a hit, even if the guarantor repays the other loans on time. On becoming a guarantor, an individual’s credit limit is also reduced.

ಖಾತರಿದಾರರಾಗುವ ಮೊದಲು ಗಮನದಲ್ಲಿಟ್ಟುಕೊಳ್ಳಬೇಕಾದ ವಿಷಯಗಳು

Here are a few tips that an individual must follow before becoming a guarantor:

• Ensure that the primary borrower is trustworthy.
• Check whether the borrower will be able to repay the loan on time.
• If the guarantor is planning on making a big investment for which they might need a loan in the near future, they should reconsider being a guarantor. Guarantor personal loans impact the guarantor’s credit score as well, which might negatively impact their ability to get other loans in the future.
• Know why the primary borrower is applying for a loan and assess the risk involved.
• Ask for a co-guarantor. This way, in case of default in repayment, the entire financial burden will not fall on one guarantor.
• Read the loan agreement thoroughly and understand it. The guarantor should know what the implications will be if the borrower is critically ill or no more in the future to be financially prepared in such scenarios.
• Keep checking with the borrower about the progress of their repayment.

ಇದನ್ನೂ ಓದಿ – ಎಜುಕೇಶನ್ ಲೋನ್ ಅರ್ಹತೆಯನ್ನು ಹೆಚ್ಚಿಸುವಲ್ಲಿ ಸಹ-ಅರ್ಜಿದಾರರ ಪಾತ್ರ

Last words of advice

Before signing the loan agreement of a guarantor personal loan, the guarantor should chalk out their contingency plan in case the primary borrower is unable to repay the loan and the burden of repayment falls on the guarantor. Before agreeing to be a guarantor, one should consider factors like the creditworthiness of the primary borrower, their own short-term or long-term financial goals, the borrower’s repayment capacity, the amount of loan etc.

Additionally, the guarantor may take precautionary measures by asking the borrower to invest in loan insurance. This will protect the guarantor in case the borrower fails to repay the loan. If you are looking for a personal loan, consider getting an instant personal loan. Benefit from the low processing fees, simple paperwork, and easy disbursement.