What is it?

The personal guarantee is a way of security established by the bank on the basis which guarantees, that an "individual person" undertakes the rule as a security to thecreditor, to fulfill the obligation of the principal debitor if they themselves are not able to satisfy their obligations. Example: The repayment of a loan

The guarantee of a person personaly comitted as a security for a debt, they can be called personaly to pay the said if the main creditor defaults.

Documents required for the establishment of an act of personal guarantee:

·         Copy of the national identity card of the guarentor

·         The list of guarantor assets