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GUARANTORS UNDERTAKING Forms form must be completed in the guarantors own handwriting. The Minimum Annual Income of guarantor MUST NOT be less than N1,000,000.00 per annum.NOTE: AS A GUARANTOR, YOU
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What is guarantor undertaking form?
The guarantor undertaking form is a legal document where a person (guarantor) agrees to be responsible for fulfilling the obligations of another person if they fail to do so.
Who is required to file guarantor undertaking form?
The guarantor undertaking form is typically required to be filed by individuals who are looking to secure a loan or a financial commitment on behalf of someone else.
How to fill out guarantor undertaking form?
To fill out a guarantor undertaking form, one must provide personal information such as name, address, contact details, as well as details of the person they are guaranteeing for.
What is the purpose of guarantor undertaking form?
The purpose of the guarantor undertaking form is to ensure that there is a backup plan in place in case the original borrower is unable to fulfill their financial obligations.
What information must be reported on guarantor undertaking form?
The guarantor undertaking form typically requires information about the guarantor, the borrower, the loan amount, the terms of the loan, and the consequences of default.
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