A person who guarantees to perform the contract or pay the debt if the primary party defaults. Under Section 126 of the Indian Contract Act, the surety's liability is co-extensive with that of the principal debtor — meaning the surety is equally liable.
Your friend takes a personal loan of ₹5,00,000 and you sign as surety. If your friend stops paying EMIs, the bank can come after you for the full amount — not just the remaining EMIs, but the entire outstanding loan plus interest.
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