Personal Loan Guarantee Letter Sample

Dear [Recipient’s Name],

I am writing this letter to confirm that I, [Guarantor’s Name], hereby agree to serve as the guarantor for [Borrower’s Name] in connection with their application for a personal loan from [Lender’s Name]. I understand the responsibilities and obligations associated with being a guarantor and am prepared to fulfill them if necessary.

As a guarantor, I confirm that I will be responsible for the repayment of the loan in full, including any interest, fees, or charges that may accrue. I am aware that my financial stability and creditworthiness may be assessed by the lender to determine my eligibility as a guarantor.

I certify that I have the financial means to fulfill this obligation and that I am willing to provide any necessary documentation or information to support my guarantee. I understand that failure to fulfill my duties as a guarantor may have negative consequences for both myself and the borrower.

Should the borrower default on the loan or fail to make timely payments, I agree to step in and make the necessary payments to ensure that the loan is repaid according to the terms and conditions set forth by the lender. I will keep the lender informed of any changes in my contact information or financial status that may affect my ability to fulfill this obligation.

Sincerely,

[Guarantor’s Signature]