Adding a guarantor to a loan
A guarantor stands behind a borrower's obligation — a person who agrees to be answerable for the loan if the borrower does not pay. In Ustawi a guarantor is recorded against the loan and displayed alongside the borrower, linked to but kept distinct from the borrower's own record, so their obligation is always visible without being confused for the borrower's.
What a guarantor is on the loan
Adding a guarantor captures a third party's commitment to cover the loan should the borrower default. The guarantor record is linked to the loan it backs, so their obligation travels with that specific exposure — it is not a general note on the borrower's file.
Linked to, but distinct from, the borrower
The guarantor's details are kept as their own record rather than merged into the borrower's. That separation matters: the borrower is the person who owes the loan, and the guarantor is the person answerable if the borrower fails to pay. Keeping them distinct means the loan clearly shows who is primarily liable and who is secondarily liable, without either being mistaken for the other.
How guarantors display
- Alongside the loan record, so anyone reviewing the loan sees who guarantees it.
- With their obligation attached, so it is clear what the guarantor is standing behind.
- As a distinct party, not folded into the borrower's own profile.
A guarantor is a person answerable for the debt; collateral is an asset the institution can look to. A loan can carry either, both, or neither depending on the product — and each is governed by its own record.