Greetings of the day!!
This is Farhaan from Hyderabad.
One of my friend forged the documents of my other friend and he availed Personal Loan of 4Lacs from a Bank in 2013.
The main person came to know who took loan and went to that person and he had a Strong Discussion with him.
And the person accepted that he forged his documents and took loan and he will repay it soon.
The availed loan was 4Lacs and after two years interest charges got added and the final amount is 5.35Lacs.
They went to bank and the person who forged the documents accepted everything and he promised bank that he will just pay the 4 Lacs Loan Amount and requested them to take off the interest charges. But bank says that they cannot take off the interest charges and he should pay the entire amount by 30th of this month.
I Just want to know how we can get this sorted out by just Paying 4Lacs to Bank and it should not effect the main person's CIBIL Score.
Please suggest me someting, so that i can help my friends to get this sorted out.
Thanks & Regards,