639+ Lawyers are online 
Personal Loan if borrower died
29-Jun-2023 (In Recovery Law)
How the bank will recover the outstanding personal loan if borrower died having no insurance no co applicant or guarantor..bank will write off the loan or not ?
Bank loans can be recovered from the property or the legal heirs of the diseased borrower. The bank will write off the loan or not it depends upon the policy of the bank. For further legal assistance feel free to contact me
Helpful?
Adv. Ajay Verma
Noida | 100+ Answers
Chat
bank can recover money from legal heir of deceased person. bcoz bank go for civil recovery of outstanding person after ldeath iability transfer to legal heir. civil recovery never end after death of loaned person.
Helpful?
Adv. Satish Bhati
Greater Noida | 400+ Answers
Chat
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 Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Recovery lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
