My responsibility will be paying the loan on time.
The co-signer impacted details are mentioned in below paragraph.
Along with the borrower, a cosigner assumes all obligations and rights related to the loan. This implies that the cosigner is liable if the borrower is unable to make a loan payment. Cosigning a loan can also have a positive or negative impact on the cosigner's credit score.
What obligations do you have if you cosign a loan?
A co-signer, along with the original borrower, assumes full responsibility for debt repayment. A family member will frequently co-sign a loan. If the borrower defaults, the co-signer may be required to pay any missing payments as well as the entire loan balance.
Thus, the borrower must pay on time.
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