No nominee appointed yet by the bank what will happen to the property
02-Nov-2023 (In Property Law)
i had my home loan in PNG which I am transferring to HDFC bank. in the process fo the formalities i told them to add nominee to which they are reluctant. they told it can be done later. Should i force them for the nominee? if i dont give any nominee and something happen to me before the loan is paid off what will happen to the property. Please let me know. Thnks
If you are unable to pay the loan, then as per your Will, your legal heir is liable to pay the loan amount.
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