Personal loan

summa (Querist) 01 September 2009 This query is : Resolved
please advice what banks can do
If you do not repay your personal loan(mostly half of the emi's paid) and leave the country india

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Sarvesh Kumar Sharma Advocate (Expert) 01 September 2009
bank can file recovery of money suit against d person.
bank also issue sec.3 notice and dn recover d money from sec. 5 , recovery by d govt.

Adinath@Avinash Patil (Expert) 01 September 2009
Bank will issue you notice for repament of your loan due amount with intersest. therafter if you will not make payment then bank will file recovery suit/application.

R.R. KRISHNAA (Expert) 01 September 2009
While granting personal loan, the bank certainly would have taken to mortgage your immovable property or any other assets.

If you leave india and do not make payment, the bank will realise its proceeds by selling your property or assets.

A. A. JOSE (Expert) 01 September 2009
I endorse all the above views.

Personal loan

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