LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Goura Deep   02 February 2023

Kcc loan queries

Dear Sir/Madam

My father's have a KCC loan In SBI 1Lakh. 

Now he is passed away (Death) and he also not renew his KCC Loan

Is any excemption from loan with provide lagal Haier and death certificate. 


 2 Replies

Sudhir Kumar, Advocate (Advocate)     03 February 2023

did you meet bank


Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     03 February 2023

The legal heir is responsible for repaying the loan; if they are unable to do so, the bank seizes the property and auctions it to recoup the funds. If the legal heir has inherited assets from the deceased borrower, the situation changes. The legal heir's duties, on the other hand, will be limited.

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Popular Discussion

view more »

Post a Suggestion for LCI Team
Post a Legal Query