My father has taken a personal loan of 1 lakh in SBI but he expired 3 years back, he has paid more than 1 lakh but still few installments were left. We didn't know about it. The bank has approched us nearly an year back and we asked them for a settlement but they didn't respond and wanted us to pay the whole amount with interest till date.
My question is am I liable for the personal loan of my father?
My mother is receiving my father's pension, is she liable for the personal loan ?
if so to what extent are we liable?
thanks and regards