2 min read
Why a spouse might be asked
Where a lender wants extra security, or the family home is offered, it may ask a spouse or partner to sign a personal guarantee. That puts the family’s personal assets, potentially the home, on the line for the company’s debt.
The safeguards and the alternative
Lenders usually require the spouse to take independent legal advice to avoid an undue-influence challenge. Borrowing without a guarantee keeps your family entirely outside the arrangement.
What it means for you
Credicorp lends to your company, not to you personally, and takes no personal guarantee. Credicorp takes no personal guarantee, so your spouse and family home are never drawn into the loan. See business loans or apply online.
Frequently asked questions
Can my partner be made to guarantee my company loan?
A lender can ask, particularly where the home is involved, but your partner must agree and usually take independent legal advice. It exposes the family’s assets.
How do I keep my family out of it?
Borrow without a personal guarantee, so no spouse or family asset is ever part of the security.
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