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cherry (house wife)     20 July 2013

Query

Hi All

Im cherry and Im new to this forum. I would like to know some details and suggestions from you people for my problem.

My father is a government employee and he is giving surity to his brother, who is working in cine industry. My father's brother took home loan from some bank, for that my father given surity to him. For giving surity he submitted his salary payslips, ID proofs etc. Now my doubt is what will happen if my father's brother will not pay the loan in time? Is there any chances to do any salary deductions to my father because of that loan repayment? In future does my father eligible for taking any home loan of his own purpose before my uncle repays his home loan?

Please clarify doubt. Im so much worried about this problem. Please reply me as soon as possible.

 

 



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