Role of Guarantor in home loan

Querist : Anonymous (Querist) 23 June 2011 This query is : Resolved
Dear Sir,

I would like to know what is the role of guarantor in home loan, incase the person taking loan default in repaying the loan.

thanks

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Kirti Kar Tripathi (Expert) 24 June 2011
guarantor is liable to repayment of loan.

Chanchal Nag Chowdhury (Expert) 24 June 2011
The guarantor is liable for the amounts payable including interest.

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