LawRato

Surety Facing Loan Recovery Due to Borrower’s Default


04-Aug-2025 (In Recovery Law)
I was made a surety for a ₹1 lakh loan taken by a professor. He assured me I was only a guarantor and would not face any liability. Now, he has stopped paying the EMIs and I am receiving recovery notices from the lending society. I feel I was misled and pressured into signing. I want to avoid repaying the lender myself and instead want the borrower to fulfill his obligation. can I claim relief or protection from court? can i be removed or replaced as a surety legally?
Answers (1)

Answer #1
679 votes
Removing yourself as a guarantor from a loan is challenging but possible under certain conditions. As a guarantor, you’re liable for the loan if the borrower defaults, and removal typically requires the lender’s consent. Start by reviewing the loan agreement for any clauses allowing release. Contact the lender formally, explaining your reasons.
Helpful? LawRato LawRato
Advocate Rudrabhushan C Benakanalli

Adv. Rudrabhushan C Benakanalli

LawRato Bangalore / Bengaluru | 25+ Answers
Chat with Advocate Rudrabhushan C Benakanalli 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.

Report abuse?

Connect with top Recovery lawyers for your specific legal issue
Connect with a Lawyer
Comments by Users

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."

All Answers

Googling your legal issue online?

The internet is not a lawyer and neither are you.
Talk to a real lawyer about your legal issue.

LawRato