Loan guarantor submits pay slip as source of income to get loan


What if loan guarantor has submitted Pay sleep as source of income & loan get in NR , & if the guarantor is retired from job so in that case bank can seize property of guarantor?

Answers (1)


266 votes

If you r guarantor then it's your liability if loan taker doesn't pays. Supreme Court is very clear on it. But if you got retire than Bank has civil remedy and have to take attachment order from your self acquired property.


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