Clarification regarding car loan taken from the bank
Answers (1)
Banks usually ask you to sign a Hypothecation Agreement in respect of the vehicle loan, besides the demand promissory note. If you read the agreement, you can find answers to all your queries raised here.
Advocate Swaminathan Neelakantan
4.8| 25+ ratings
R S Puram,
Coimbatore
The internet is not a lawyer and neither are you.
Talk to a real lawyer about your legal issue.
Popular Banking / Finance Lawyers
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at LawRato.com and has been responded by one of the Banking / Finance Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or contact a Lawyer of your choice to address your query in detail.
Related Questions
- What should I do if I am unable to repay the loan and interest amount
- Can I sue bank for negligence and miscommunication
- unable to pay debts , what is remedy?
- Author staying in Dubai can sell his books in India
- How to not pay EMI of credit card for a year ?
- SEBI registration rejected - Is giving unauthorized advice illegal
"LawRato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
Related Articles
- Process regarding settlement of NPA account
- Maintainability of writ against private banks
- How to respond to notice sent by bank regarding personal loan
- What is the producer to give yellow notice
- Legal notice for non payment of pending dues of credit card
- how to file for NCLT claim and what documents to be attached
- How can I close bank account of my mother after her death
- Cash deposited in CDM machine bank but not credited in my account
- First loss default guarantee structure with NBFC
- Can unsecured educational loan be transferred to Reliance Arc by bank
- Can I make a trust nominee for my bank account
- Not able to pay loan bank issued legal notice What can I do