Frequently Asked Questions

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  4. Do guarantors need to complete a budget?

Do guarantors need to complete a budget?

YES 👍

Lenders need to ensure that guarantors can comfortably afford the loan repayments if the borrower is unable.

Part of this process is for the guarantor to fill out a budget, to show their

  • Income
  • Expenses
  • Disposable income

 


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