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DHARMENDRA RAO Y   12 January 2021

loan repayment

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


Learning

 1 Replies

Advocate Bhartesh goyal (advocate)     12 January 2021

Borrower is liable to repay the loan amount to bank and in case borrower fails to repay the loan amount , bank can recover the same from any one of borrower and guarantor.
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