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Any bank or financial institution requires a guarantor for the loan approval or disbursal. When you or another person who signs up as a guarantor will hold the responsibility of the loan as a principal borrower. This article will help you understand the key responsibilities of a guarantor and what the consequence proves in case of default. Also, if you are looking out at an instant personal loan, look no further than Buddy Loan , one of the biggest loan aggregators in India.   Buddy Loan disburses personal loans at lower interest rates starting at 11.99%p.a., customized EMIs to enhance your credit score.     The role of guarantor: If you are likely to pursue the role of a guarantor for your friend who need an instant personal loan at, he earliest, here is what you should know. You are basically giving consent to the lender that you'll be financially backing the borrower in case the borrower defaults. Not paying your EMIs on time If your borrower or you...

Who will not like an extra support while applying for an instant personal loan ? Especially, if it means to include your spouse too. Co-applicant’s hand makes it easier for the approval of heavy amount loan. This article will help you understand the key responsibilities of a co-applicant and what the consequence proves in case of default. Also, if you are looking out at an instant personal loan , look no further than Buddy Loan , one of the biggest loan aggregators in India.   Buddy Loan disburses personal loans at lower interestrates starting at 11.99%p.a., customized EMIs to enhance your credit score.    The role of a co-applicant: Co-applicant is a person who applies along with the applicant from a bank or financial institution. He/ She accepts the equal responsibility of repaying the installment on time if the borrower doesn’t pay. So, only co-owners can become co-applicants. In which case, the co-applicants are none other than your spouses or in some ...

Who will not like an extra support while applying for an instant personal loan ? Especially, if it means to include your spouse too. Co-applicant’s hand makes it easier for the approval of heavy amount loan. This article will help you understand the key responsibilities of a co-applicant and what the consequence proves in case of default. Also, if you are looking out at an instant personal loan , look no further than Buddy Loan , one of the biggest loan aggregators in India.  Buddy Loan disburses personal loans at lower interest rates starting at 11.99%p.a., customized EMIs to enhance your credit score.   The role of a co-applicant: Co-applicant is a person who applies along with the applicant from a bank or financial institution. He/ She accepts the equal responsibility of repaying the installment on time if the borrower doesn’t pay. So, only co-owners can become co-applicants. In which case, the co-applicants are none other than your spouses or in some ca...

A co-applicant, as the name itself suggests, will act as an additional application/applicant for the loan that you are borrowing. Having a co-applicant will increase the chance of approving the loan, and the amount that you want to borrow. However, do check out the best EMI options open in  Buddy Loan  as this aggregator disburses instant personal loans at lower interest rates and good loan tenure.  A co-applicant can become a co-borrower once the loan is approved. Which means the loan amount can be shared among both of you. It must be a family member or an immediate family member. Now that you have a fair idea of the co-applicant let's see how a co-applicant is different from a co-signer. The difference between co-applicant & co-singer:  Co-signer is a person who acts as a guarantor in case of the primary applicant cannot repay the loan, that is to make sure there is an additional way of getting the money back. Whereas a co-applicant will ...

Marriageloans are simply designed to meet your wedding expenses. Pretty often, there is a concern between where can I get a personal loan for wedding or how much loan should I avail for marriage? To avoid the confusion, Buddy Loan , one of the biggest loan aggregators in India disburses marriage loans at lower interest rate starting at 11.99%p.a. with customized EMIs. The loan tenure stretches from 3 months to 60 months where you can enhance your credits score. Also, meet your financial shortcomings with a loan amount extending up to Rs. 15 lakhs. This article helps you reason out why you need instant personal loan over other factors to help you during financial shortcomings!   Why choose a personal loan? Marriageloans can be used in different parts of the wedding celebrations. However, there came no restrictions ever with specifically using marriage loans . The reason to avail a personal loan is it instant and helps you cope up with financial shortcomings. Indian...