Off topic. Please help.

I am a guarantor in one of my friends loan against property. It's been 5 years. I want to get out from that loan. He has not been paying EMI on time(now he is paying on time for last 10 months) due to which my cibil score is impacted. Whenever I take loan I have to explain about that loan.

Please help me what is the process to get out from the guarantor role. Do I need to consult any lawyer.

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Your cibil should not get impacted, i am not aware of such thing, no one can hold you accountable for any default by someone else

It is impacted. I can see in Cibil report. Also bank's authorities told me the same while applying for the loan.

Are u guarantor cos u have ownership in property mortgaged or are you partner or have any interest in business?

No ownership. He has Taken a loan against his dad's property for the business. He needed 2 guarantor (Salaried) that time

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