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ActionsChanging loans guarantees or replacing a personal guarantor
Estimated Time:
One Week
Location:
Headquarters / Finance division / branches
Estimated Fee:
None
- Description
- Procedures
- Required Documents
- Persons benefiting from the service
- Files
- Related Services
Conditions for obtaining service
The new sponsor must be similar to the current one.
Notes
None
Partner institutions:
None
Procedures
- The applicant (Borrower) shall submit a petition in the records section requesting replacement of the sponsor.
- The request shall be referred to the Loans Committee’s rapporteur to present it to the committee.
- If accepted:
- The Borrower and the new sponsor shall sign the loan agreement in accordance with an annex prepared for this purpose.
- Procedures for acquitting the former sponsor are completed.
Required Documents
- A certified copy of the new sponsor’s personal ID.
- An original salary certificate of the new sponsor.
- A commercial registration or vocational license and a bank account statement, if the new sponsor is a dealer.
Persons benefiting from the service
borrowers and sponsors of the Fund.
Files
No Found FilesRelated Services
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