Should I be a guarantor on a loan in Australia?

General information from Lawmateanz

As a guarantor, you agree to repay the loan if the borrower doesn't. The lender can pursue you for the full amount.

Understand the loan and your risk, and get independent legal and financial advice before signing.

Ask if your liability can be limited.

Ending a guarantee can be difficult.

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General information only. Answers are written by independent lawyers based only on what's in the question. They aren't legal advice about your situation and don't create a lawyer–client relationship. For advice about your own matter, talk to a lawyer directly.