2 individuals go to the bank to apply for a loan, because of insufficient personal conditions and information, the bank will not accept it or the loan approval fails. Find a professional guarantee company to provide assistance. With years of professional experience and the green channel of bank cooperation, the success rate and amount of loans can be improved.
The reason why banks need the guarantee from guarantee companies: In the existing practice, except for a few outdoor banks, which are considered as high-quality loans by banks, other units and individuals that need to borrow from banks will be required by banks to borrow through the guarantee from guarantee companies. This has two purposes. One is to respond to the requirements of national policies, and banks must cooperate with or help the development of the guarantee industry. The other is the loan project guaranteed by the guarantee company, and the bank's own risks are completely transferred, so it is not worried that the loan will not be received. Because the guarantee company's guarantee is to ensure that the bank can recover the loan, if the borrower can't repay, then the guarantee company needs to repay the loan to the bank instead of the borrower. Entrusting a guarantee company to guarantee is a necessary way for your company to obtain bank loans.
In the provisions of the Civil Code, there is no concept of "counter-guarantee". After the development of the guarantee industry, the guarantee company turns to require the borrower to provide certain guarantee measures for its own benefit, which is called counter-guarantee, which can be understood as "reverse guarantee". The party providing the guarantee is the borrower or the third party, and the beneficiary of the guarantee is the guarantee company.
As a guarantee company, it will definitely not be willing to bear these losses, so it will require the borrower or a third party to bear these losses, that is to say, the borrower should provide certain collateral or other types of guarantees to ensure the interests of the guarantee company. Similarly, the borrower provides certain counter-guarantee measures, which can also show the borrower's willingness to repay, indicating that the borrower has the sincerity to repay the debt when the loan expires; For guarantee companies, certain counter-guarantee measures will also increase the cost of borrowers' default (non-repayment), which is called "default cost".