My branch manager is saying i need a guarantor or coapplicant with significant salary
since the loan amount is like 96 lakhs and my parents net annual salary is coming to around 5 lakhs and thats not enough the manager says. Although there is collateral covering the loan amount. The manager said he can still go through with application but they might not approve the entire amount because of above reason
I’m about to ask a bunch of people with higher salaries if they can be my guarantor and there’s lot of paperwork involved. so I was hoping I could get a second opinion before I proceed. Could you help me out, please?