July 7, 2015: You may have come across a situation when you have been requested to stand as a guarantor for a home, auto or business loan by a relative or a friend. This is because while sanctioning a high value loan, banks often insist on having a family member guarantee the loan for security reasons.
© Copyright 2017 TransUnion CIBIL Limited (Formerly: Credit Information Bureau (India) Limited). All Rights Reserved.