{"product_id":"loan-guarantee-form","title":"Loan Guarantee Form Template - South Africa","description":"\u003cp\u003e\u003cstrong\u003eA loan guarantee form template South Africa lenders can use when a third party agrees to repay if the borrower does not.\u003c\/strong\u003e\u003c\/p\u003e\n\u003ch2\u003eLoan Guarantee Form Template - South Africa\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003eSummary \u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWho should use this Loan Guarantee Form? \u003c\/strong\u003eThe Loan Guarantee form can be used by an individual who has entered into a Loan Agreement with another party, where they have agreed that the Borrower may have a Guarantor undersign the original loan agreement. This is a way to secure repayment of your loan by the Guarantor should the Borrower default on the loan.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat does the template Loan Guarantee Form say? \u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eParties to the Agreement\u003c\/li\u003e\n\u003cli\u003eLoan Amount\u003c\/li\u003e\n\u003cli\u003eGuarantor’s Liability\u003c\/li\u003e\n\u003cli\u003eOther Terms\u003c\/li\u003e\n\u003cli\u003eJurisdiction\u003c\/li\u003e\n\u003cli\u003eSeverability\u003c\/li\u003e\n\u003cli\u003eAgreement as a Whole\u003c\/li\u003e\n\u003cli\u003eSignatures\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cstrong\u003eWhat does the Loan Guarantee Form look like? \u003c\/strong\u003eThe template ante-nuptial contract can be printed onto three A4 pages.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat do you need to do to use the Loan Guarantee Form?\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eRead the template Loan Guarantee Form document to ensure that it suits your requirements. Make changes as required.\u003c\/li\u003e\n\u003cli\u003eMake sure that the blanks have been filled in, including details of any exclusions.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cstrong\u003eAlso known as: \u003c\/strong\u003e Surety Agreement, Security Agreement, Collateral Agreement.\u003c\/p\u003e\n\u003cp\u003e\u003cimg src=\"https:\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Loan-Guarantee-Form.jpg\" alt=\"Loan guarantee form template South Africa\" width=\"300\"\u003e\u003c\/p\u003e\n\u003ch2\u003eWhen to use a loan guarantee form\u003c\/h2\u003e\n\u003cp\u003eA loan guarantee form is signed by a third party who agrees to step in and repay if the borrower does not. Lenders usually ask for one when the borrower on their own is not enough security for the amount involved.\u003c\/p\u003e\n\u003cp\u003eThe person signing is taking on a real obligation, so the terms need to be clear to everyone before anyone signs.\u003c\/p\u003e\n\u003ch2\u003eWho this template is for\u003c\/h2\u003e\n\u003cp\u003eBusinesses lending money, directors standing surety for a company loan, and family members backing a relative on a loan or a lease.\u003c\/p\u003e\n\u003ch3\u003eWhat you get\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003eAn editable document in Microsoft Word, plus a PDF copy\u003c\/li\u003e\n\u003cli\u003eWording drafted and reviewed by a lawyer\u003c\/li\u003e\n\u003cli\u003eSpace to record the loan, the parties and the extent of the guarantee\u003c\/li\u003e\n\u003cli\u003eInstant download after purchase\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3\u003eHow to complete it\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003eRead the document in full before filling anything in\u003c\/li\u003e\n\u003cli\u003eSet out the loan amount and exactly what the guarantor is standing behind\u003c\/li\u003e\n\u003cli\u003eMake sure the guarantor reads it and understands what they are signing\u003c\/li\u003e\n\u003cli\u003eSign, date and witness it, and keep the original safe\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3\u003eGood to know\u003c\/h3\u003e\n\u003cp\u003eThis is a template for you to adapt, not legal advice on your own circumstances. Lending in South Africa can fall under the National Credit Act depending on who is lending and why, and a guarantee is a serious commitment for the person signing, so it is worth having an attorney review the final wording.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eThe Online Agreements Shop cc and its members, staff, legal advisers, partners and consultants, agents and any person associated therewith cannot be held liable for any loss or damage that is incurred or may be incurred by any person as a direct or indirect result of the use of this website or any document or information contained on or obtained from this website, nor as a result of anything that is contained in or left out of any document.\u003c\/strong\u003e\u003c\/p\u003e","brand":"Agreements Online","offers":[{"title":"Default Title","offer_id":59164063105164,"sku":"AO-19597","price":414.43,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/loan-guarantee-form_efd650fa-8a71-45ed-b8ff-b9f98dcb6414.webp?v=1792133262","url":"https:\/\/agreementsonline.co.za\/products\/loan-guarantee-form","provider":"Agreements Online","version":"1.0","type":"link"}