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A loan personal guarantee form is utilized by a guarantor who agrees to ensure the performance of a monetary obligation, typically between a lender and a debtor. The guarantor commits to repaying the debt if the debtor defaults. In this arrangement, the debtor is responsible for the original obligation, while the guarantor guarantees repayment. The lender is the party receiving payment under the contract. It is crucial for the guarantor to be aware that they are subject to the same terms as the original contract. Key inclusions in a loan personal guarantee form typically encompass the details of the loan, the parties involved, and the obligations of the guarantor.