Bank officials harassing on non payment of loan by brother. Advice.
05-Jan-2023 (In Banking / Finance Law)
my brother financed a car through magma bank. and from past 1year he is not living with us and from last 6months he is bot paying the installments. now, the bankers sending warrant n other letters at our address. what should we do?
If your brother is not paying the installment for last 6 months then it is clear that your brother loan account is become NPA and if there is warrant and any other letter come to your address then you must have to clear all the doubts of the bank officials by visiting their office
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