Affidavit of Guarantor: Meaning, Purpose, and Sample Form
An Affidavit of Guarantor is a sworn legal document executed by an individual who agrees to act as a guarantor for another person’s financial or contractual obligation. By signing this affidavit, the guarantor formally declares their willingness and ability to assume responsibility should the principal borrower or obligor fail to meet their obligations.
This affidavit is commonly required for loan applications, rental agreements, employment requirements, school enrollment, and other transactions where a guarantor is needed to provide additional assurance. Because it carries legal implications, the guarantor may be held liable if the guaranteed obligation is not fulfilled.
When Is an Affidavit of Guarantor Required?
An Affidavit of Guarantor is typically required in the following situations:
- Personal or business loan applications
- Rental or lease agreements
- Employment-related financial guarantees
- School tuition or enrollment requirements
- Visa, travel, or sponsorship applications
- Legal or contractual obligations requiring a guarantor
Supporting documents such as proof of income, employment certificates, or valid identification may be required by the requesting institution.
What Should Be Included in an Affidavit of Guarantor?
A properly prepared affidavit should include:
- Complete personal details of the guarantor
- Name and details of the principal borrower or obligor
- Clear statement of guarantee and assumption of liability
- Description of the obligation being guaranteed
- Duration or validity of the guarantee
- Purpose of executing the affidavit
- Guarantor’s signature and notarization
Since this affidavit establishes financial and legal responsibility, all statements must be truthful and carefully reviewed before signing.
Sample Affidavit of Guarantor (Editable Template)
Replace all bracketed information below with the correct details before printing and notarization.
REPUBLIC OF THE PHILIPPINES
[CITY / MUNICIPALITY]
[PROVINCE]
AFFIDAVIT OF GUARANTOR
I, [FULL NAME OF GUARANTOR], of legal age, [citizenship], [civil status], and residing at [complete address], after having been duly sworn in accordance with law, hereby declare and state:
1. That I voluntarily agree to act as guarantor for [FULL NAME OF PRINCIPAL] in connection with [describe loan, contract, or obligation].
2. That I hereby guarantee the full and faithful performance of the said obligation and agree to assume responsibility should the principal fail to comply.
3. That I am financially capable of fulfilling this guarantee and fully understand the legal consequences of this undertaking.
4. That this guarantee shall take effect on [date] and shall remain valid until [state duration or “until the obligation is fully settled”].
5. That I am executing this Affidavit of Guarantor to attest to the truth of the foregoing statements and to comply with the requirements of [bank / school / employer / landlord / institution].
IN WITNESS WHEREOF, I have hereunto set my hand this [day] day of [month, year] at [place of execution].
_________________________________
[FULL NAME OF GUARANTOR]
Guarantor
SUBSCRIBED AND SWORN to before me this [day] day of [month, year] at [place], the guarantor presenting the following competent proof of identity:
ID Type and Number: [ID Number]
Date & Place of Issuance: [details]
_________________________________
NOTARY PUBLIC
Doc. No. _____;
Page No. _____;
Book No. _____;
Series of _____.
Disclaimer: This template is for general informational purposes only. Institutions may require additional documents or specific wording.