Kaushik 11 November 2018
Dear Experts,
If an individual who obtains a personal loan from a bank online through net banking without either providing a guarantor or physically signing any loan document expires without repaying the entire loan, then who shall be liable for repaying the balance loan amount to the bank? Thanks,
Kaushik.
Adv Deepak Joshi +917017821512 (Advocate) 11 November 2018
Dear querist,
Legal heirs will be liable to pay loan amount of deceased.
Regards
Deepak Joshi & Associates
Mb/whatsapp +919456777600
![Dr. MPS RAMANI Ph.D.[Tech.]](/img/avatars/my_avatars/84227.jpg)
Dr. MPS RAMANI Ph.D.[Tech.] (Scientist/Engineer) 11 November 2018
If the individual had filed a nomination during his lifetime, such nominee will be liable. The bank would have a charge on any other account the deceased may have had with the bank. If the loan amount is still not completely covered, the bank will have a charge on any other estate left behind by the deceased along with other creditors, if any, the deceased had.
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