Bank Loan Guarantor Letter Sample

Dear [Recipient’s Name],

I am writing this letter to confirm that I, [Guarantor’s Name], am willing to serve as a guarantor for [Borrower’s Name] in connection with their loan application with [Bank Name]. I understand that by signing this letter, I am legally obligated to fulfill the financial obligations of the borrower in case they default on the loan.

I have carefully reviewed the terms and conditions of the loan agreement and am confident in the borrower’s ability to repay the loan as agreed. I hereby pledge my full support and financial backing to ensure the timely repayment of the loan amount.

Should the borrower fail to make the necessary payments, I agree to assume responsibility for the outstanding balance and any associated fees or charges. I am fully aware of the implications of serving as a guarantor and am prepared to fulfill my obligations under the terms of the loan agreement.

Sincerely,

[Guarantor’s Name]