Help & support
A guarantor is someone, for example a family member, who can help you secure a home loan by agreeing to offer their own property as additional security for your loan.
By having someone else provide a guarantee, we may be able to lend to you in situations where you may not be able to secure the full loan amount by yourself.
Guarantor Support is available with most of our flexible home loans.
Acting as guarantor for a borrower means you agree to repay the home loan if the borrower can’t meet the repayment terms and conditions of their loan contract. If we need to seek any security you’ve provided in support of the guarantee, you could lose your property and/or suffer other serious financial losses.
Your credit report may also be negatively affected.
Choosing to act as guarantor can be a major commitment. We strongly recommend you seek independent legal and financial advice to understand your obligations, risks and potential impacts on your financial situation before you make this commitment.
Note: You must seek legal advice and sign a Statutory Declaration form before entering into a Property Share or Spousal Security Support agreement.
One of our Home Lending Specialists can help you understand whether using a guarantor or offering to be a guarantor is right for your circumstances.
Get help from Ceba in the CommBank app or connect with a specialist who can message you back. You’ll need CommBank app notifications turned on so you know when you’ve received a reply.
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Subject to credit approval. Fees, charges, terms and conditions apply. As this advise has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances before acting on the advice.
