Hi,
My father passed away 2 months back. He has gold loan and personal loan in the same private bank but in different branches.
He has nominated my mother for the gold loan.
The personal loan in given to him based on his salary.
Now the bank is asking me to pay the personal loan and my mother to pay the gold loan.
I am unemployed.
Gold loan is taken 3 months prior to his death, personal loan sanctioned 1 week prior to death. I have no idea what he used the personal loan money for.
My Doubts,
- If my mother clears the gold loan will she be also responsible for the personal loan.
- Am I really responsible for paying my fathers personal loan.
Please help we are in a total financial crisis.
Thanks,
Rama Krishna
