Changing loans guarantees or replacing a personal guarantor

Estimated Time:

One Week


Headquarters / Finance division / branches

Estimated Fee:


  • Description
  • Procedures
  • Required Documents
  • Persons benefiting from the service
  • Files
  • Related Services

Conditions for obtaining service

The new sponsor must be similar to the current one.



Partner institutions:



  • The applicant (Borrower) shall submit a petition in the records section requesting replacement of the sponsor.
  • The request shall be referred to the Loans Committee’s rapporteur to present it to the committee.
  • If accepted:
  • The Borrower and the new sponsor shall sign the loan agreement in accordance with an annex prepared for this purpose.
  • Procedures for acquitting the former sponsor are completed.

Required Documents

  • A certified copy of the new sponsor’s personal ID.
  • An original salary certificate of the new sponsor.
  • A commercial registration or vocational license and a bank account statement, if the new sponsor is a dealer.

Persons benefiting from the service

borrowers and sponsors of the Fund.


No Found Files

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