No, a guarantor can’t be removed from a loan. The reason is, there are so many checks done on the guarantor by the lender, and it is an intriguing part of the loan process. So, once the loan agreement is signed there is no way the guarantor can be changed or removed. However, if the borrower pays off the loan early then the guarantor can be removed. Therefore, closing the loan account early is the simplest option to remove the guarantor.