Bank Personal Loan

Asked in Banking

  • K Patil

    Kolhapur

Expert's Answers(5)

  • Advocate Yogesh Navmahalkar

    Jalna, Maharashtra
      19 Client Ratings

    Dear client, You are not liable to pay any debt

    September 19, 2020
  • Advocate J L Naagar

    Jalandhar, Punjab
      169 Client Ratings

    What type of Loan was being raised? For what purpose it was raised? Thirdly has Your sister inherited the estate, money, and other property of her decased husband. She will be liable to clear the loan raised by her decased husband. Please give me Rank Five and follow me after reviewing my resume and book a consultation for further discussion and explanation if required.

    September 19, 2020
  • Advocate Suneel Moudgil

    Panipat, Haryana
      40 Client Ratings

    1. if your sister is inheriting the property of her deceased husband, then, she is legally bound to clear the outstanding dues on his name, resultantly, she is liable to pat the outstanding personal loan on his name, 2. since its a personal loan, therefore, ask her to ignore the call/request of the bank to settle the dues, and, once they start the legal process, refuse to pay the loan, 3. the bank may initiate legal action by filing a civil suit for the recovery of the loan amount agasint the legal, heirs of the deceased, and, the guarantor, which will take a long time, if the amount is small and you are getting waive of interest, penalty, you can pay, else let the bank initiate legal action,

    September 19, 2020
  • Advocate Yogesh Navmahalkar

    Jalna, Maharashtra
      19 Client Ratings

    Dear client, Tell no need to pay any debt. Bank don't have right to recover from her

    September 19, 2020
  • Advocate Abhimanyu Gurawalia

    Patli Hajipur, Haryana
      60 Client Ratings

    If a person passes away before repaying an unsecured loan, the lender cannot claim unpaid dues from the surviving partner or legal heirs of the deceased. The legal heirs are liable to the lender only to the extent of value/assets, if inherited, from the deceased.

    September 18, 2020