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How is repayment of loan settled
06-Jun-2023 (In Banking / Finance Law)
sir in case of death of borrower of loan how the repayment of outstanding loan is settled? if loan is insured then what are the advantages of borrower ? will the NEXT OF KIN will have to pay an insured loan after the death of borrower?
MY OPINION THAT there are so many legal options revealed after the you matter /matters can be followed, if the lone insured then you have the legitimate scope in the multiple legal fields & if there are KIN they have to be legally responsible if the said bank can be follow legally.
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Adv. Ranabir Banerjee
Kolkata | 200+ Answers
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