��������Ƶ

The Consent Letter For Loan Guarantor is a critical document in UAE banking and financial transactions, required whenever a third party agrees to guarantee a loan or financial facility. This document, governed by UAE Civil Code Articles 1057-1090 and UAE Central Bank regulations, serves as formal evidence of the guarantor's informed consent and understanding of their obligations. It is typically required by UAE banks and financial institutions before finalizing loan agreements where a guarantee is involved. The letter must include specific declarations and acknowledgments to ensure compliance with UAE law, including clear statements about the extent of liability and the nature of the guarantee obligation. The document is particularly important in the UAE context due to strict regulatory requirements around lending and guarantees, and its format and content must align with local banking practices and legal requirements.

1. Letter Header: Date, reference number, and formal addressing of the letter to the lender/financial institution

2. Guarantor Information: Full legal name, Emirates ID, address, and contact details of the guarantor

3. Borrower Information: Full legal name and details of the primary borrower whose loan is being guaranteed

4. Loan Details: Specific details of the loan being guaranteed including amount, term, and purpose

5. Guarantee Declaration: Clear statement of consent to act as guarantor and acknowledgment of the obligations

6. Extent of Liability: Clear specification of the guarantee amount and scope of the guarantor's liability

7. Acknowledgment of Terms: Confirmation that the guarantor understands the terms and conditions of the guarantee

8. Execution Block: Signature block including space for guarantor's signature, witness signature, and date