Bank guarantee - this is another method of providing loans.In fact - it is a guarantee for the borrower.But instructed him credit institution.The Bank acts in the transaction as a person who gives a guarantee to the lender (beneficiary).In the event of default by the borrower (principal) the guarantor pays his debt.
guarantor, along with the banks can act and insurance companies.The ability to issue such a guarantee must be spelled out in the license for the provision of services.
bank guarantee can be given as a legal entity and physical (only if the individual entrepreneur).Consider the case of a natural person.
Under what conditions you can count on a bank guarantee?
1. If you have an account in this bank, and it is actively working.
2. If you repeatedly took out loans with the bank, and you have a good credit history.
Guarantees issued a letter of guarantee to the principal.And he does it is not free.The letter stated warranty period, the amount of money and the conditions under which it can be "activated".
Providing a bank guarantee is possible in the collection of documents at the following list:
-
copy of the passport;
-
information on the amount of income received (for six months);
-
copy of employment record;
-
documents of title to property in the property (real estate, automobiles, securities, etc.).If a bank guarantee without collateral, these documents do not need to provide.
-
INN;
-
SNILS.
list may be supplemented, depending on the requirements of a particular bank.
If there is a time when the borrower does not pay the loan to the lender, the latter exposes the requirement for the guarantor bank.The bank pays a guarantee - and now the debt of the borrower goes to the bank guarantor.
bank guarantee is not tied to a particular loan or liability.If you are given credit one bank, you can take advantage of this guarantee from another bank.Even if you have to repay the loan, and the period specified in the guarantee has not yet passed, it is still valid and you can again take her credit.
Bank can regain its guarantee (this condition must be originally written).But to do so he has the right to just before the lender exposed to it a requirement.
Depending on the letter of guarantee of payment options are the following varieties thereof:
-
unconditional guarantee - guarantee payment occurs at the first request of the beneficiary.
-
conditional guarantee - the guarantee of payment as at the request of the bank, but subject to the provision of documents confirming the need for the payment.
-
provision of guarantees - given the principal in return for a pledge of property.
-
Syndicated guarantee - this is when the loan are the guarantor of several banks.
In addition to providing loans, bank guarantees can be issued for:
-
bid, auction.It is a guarantee of long-term intention of the parties and the mandatory payment terms of the contract in case of winning the competition.
-
Payment Contract.Act as guarantor of payment to the supplier of goods or services the amount specified in the contract.
This is only the most common types of guarantees.
In Russia, this kind of software is just beginning to gain popularity.Therefore, when referring to this type of software should pay attention to proper legal registration of the transaction.
