Hello Friends,
I need your opinion for my below issue. Thanks in advance for taking your time and helping me.
My father took a mortgage loan for his business with EMI as 5L. Since his cibil score was less he pleaded and convinced me to be the guarantor. Since I love and work in abroad I sent an email to the financial agent which is --> "I'll sign the guarantor part for the mortgage loan once I'm in India. ". However I never scared my salary information, provided any documents over email or never signed any documnt as part of this loan.
Now my major issue is that my dad has defaulted for 3months eventhough I've been helping him monthly (1L) to pay the loan for the last 6yrs.
I want to know where I'm legally liable to take over his financial debt because of the email I sent? Please note no documents were share or signed by me yet.
