Hdfc personal loan of died employee.
Querist :
Anonymous
(Querist) 19 November 2025
This query is : Resolved
Sir/ Madam
In the year 2016 september my father took 7lakhs personal loan from hdfc bank.after four months that is february 2017 my father died because of heart attack.my father taken insurance policy for this loan,but the bank is saying the policy is only for accidental policy.my mother also died recently in july 2020.now the bank advocates are sending notices to me to repay the loan. Will i have to pay the loan. Please suggest me what i have to do.
Querist :
Anonymous
(Querist) 19 November 2025
Please suggest me what i have to do.
T. Kalaiselvan, Advocate
(Expert) 19 November 2025
If you were a co-borrower then the bank can demand payment from you.
If you were a guarantee then you are legally liable.
If you were none of the above then as a legal heir to your deceased father you are not personally responsible for the debts of a deceased borrower, however the assets of the deceased borrower can be used to recover the debt, if there are no assets on the name of the deceased borrower then the bank cannot force the heirs to pay from their pocket.
As far as the insurance policy is concerned, if the policy was sold as a full loan protection cover but actually was only an accidental insurance, that is mis-selling and you can file a complaint.
If you have inherited any assets of your father then you will be liable to that extent to repay the loan.
Sudhir Kumar, Advocate
(Expert) 19 November 2025
Please meet a lawyer with Insurance Policy and other papers. None can give you considered opinion without these papers
P. Venu
(Expert) 19 November 2025
You are liable, as already stated, only if you are a co-borrower or a surety. Else, your liability is limited to the extent of property you have inherited from the late father.
As to the coverage of the insurance policy against the defaulted loan, any meaningful suggestion requires that the policy be perused and issues discussed.
kavksatyanarayana
(Expert) 19 November 2025
Your father took out a personal loan and an insurance policy for the personal loan. Personal loan insurance is an optional financial protection policy that can help cover your loan payments in case of unforeseen events like unemployment, disability, or death. It acts as a safety net, paying all or part of your loan balance or monthly instalments so you or your family are not burdened with debt if you can no longer make payments.
Advocate Bhartesh goyal
(Expert) 19 November 2025
If you have inherited any property of your father then and only then you are liable to repay the loan amount upto that extend else not.
Querist :
Anonymous
(Querist) 20 November 2025
Sir/ Madam
My father had land, which was shared by my sister and me after my fathers death. The bank agent at the time of loan approval told us if anything happen to my father the insurance policy we paid to HDFC ERGO company will pay the loan. But now they are saying it is only accidental policy and doesnot apply to heartstroke. Now if im unwilling to repay the loan, does the bank has any right over the land.And any legal issue does i have to face.
kavksatyanarayana
(Expert) 20 November 2025
The lender can claim the outstanding loan amount from the assets left behind by the deceased, such as bank accounts or property. And the legal heirs should assess the value of the deceased's assets. The lender can claim against the estate, and heirs are responsible for repayment up to the value of the inherited assets. The bank has the right to the land and so to keep the property safe, better to the clear the loan taken by your father.
