EducationNewsSimulatorYour MoneyAdvisorsAcademyPersonal Finance CreditGuaranteed Loan Guaranteed Loan: Definition, How it Works, ExamplesBy Julia KaganUpdated October 20, 2021Written by Thomas J. CatalanoFact checked by Skylar ClarineWhat Is a Guaranteed Loan?A guaranteed loan is one type of loan that is guaranteed by a third party, or assumes the debt obligation for--in the case of default by the...