What is a provident fund guarantee company?

Companies that provide provident fund loan guarantee services. In the provident fund loan, in order to reduce the loan risk, the provident fund management center will ask the borrower to provide a guarantee to ensure that the loan can be recovered on time. The provident fund guarantee company is a professional organization that provides guarantee services for provident fund loans. Its main responsibility is to provide guarantee for provident fund loans, bear the risk of loan default and assist the provident fund management center to recover overdue loans.