Can I be guarantor for my father’s loan? My father’s credit score is higher. Will bank give home loan without checking credit score?
Usually, banks require the guarantor to earn more than the borrower. Also, the guarantor should have a better Credit Score than the borrower. Since you say that your Credit Score is low, being a guarantor to your father’s loan might be tough. You can, however, talk to your bank to see if they will allow you to become a guarantor.
None of the banks give out Home Loans without checking the Credit Score of the borrower as well as the guarantor. You could improve your Credit Score before applying for a loan. Here are some posts that tell you how to improve your Credit Score - https://blog.bankbazaar.com/3-ways-to-improve-your-credit-score-quickly/and https://blog.bankbazaar.com/how-to-improve-your-credit-score-using-your-credit-card/.
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