Lisävakuus

Lisävakuus, often translated as additional security or collateral, refers to an extra guarantee provided to a lender to strengthen a loan agreement. This is typically requested when the primary collateral, such as a property or vehicle, is deemed insufficient to cover the full value of the loan. The purpose of lisävakuus is to reduce the risk for the lender, making them more willing to approve the loan or offer more favorable terms.

There are various forms lisävakuus can take. It might involve pledging additional assets, like a second property, a savings account, or valuable personal items. In some cases, a third party might act as a guarantor, providing a personal guarantee that they will cover the loan repayments if the borrower defaults. Another common form is a corporate guarantee, where a parent company or another related business pledges its assets as security for a loan taken out by a subsidiary.

The specific requirements and types of lisävakuus will vary depending on the lender, the loan amount, and the borrower's financial situation. It's important for borrowers to understand the implications of providing additional security, as failure to meet loan obligations could result in the loss of these extra assets or the guarantor being held liable for the debt. Lenders will typically assess the value and liquidity of any proposed lisävakuus before accepting it.