LIVE Online Course on NDPS by Riva Pocha and Adv. Taraq Sayed. Starting from 24th May. Register Now!!
LAW Courses

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

salila (student)     25 March 2016

Bank loan

sir

   a banker in process loan sanction ,got porp papers for mortgage.after prop search banker declined the loan ,because the guarantor was charged with offences as per IPC.

whether such loan refusal by banker is correct.to a lady call as character less and refusal of loan is fair ?

pl enumerate any such the case



 1 Replies

G.L.N. Prasad (Retired employee.)     26 March 2016

Any loan is under discretionary powers of sanctioning authority, and a borrower as a right can not demand for sanction of a loan.  The banker should have either asked for alternate guarantor or alternate property or additional property as security.  Make a representation in Bank on line grievance and take a chance in convincing his superiors.  But let the representation in grievance drafted by a capable person.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Start a New Discussion Unreplied Threads



Popular Discussion


view more »




Post a Suggestion for LCI Team
Post a Legal Query