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DHARMENDRA RAO Y   01 October 2019

role of repaying of home loan

I am working in bank ..MY cousin availaed home loan in group of our bank institutions .I was stand as guarantor for home loan ..as of now account came
in to NPA..in. this regard any liability wl come a for me to repay of loann .kindly guide


 2 Replies

G.L.N. Prasad (Retired employee.)     02 October 2019

You are working in a Bank and offered a guarantee to a loan, and you expect outsiders to enlighten you on your duties and responsibilities !!!  Contact concerned manager and inquire about the extent of your liability.

1 Like

P. Venu (Advocate)     02 October 2019

Once the Bank approaches the Court and gets the deecree, it could be executed against you by deduction from your salary.

1 Like

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