Legal Question in Banking Law in India
dear sir
my friend has taken personal loan in standard charted bank. he died of an accident on 31st dec 2015.
his wife is house wife. struggling for daily life with two little female kids.
we friends try to help their daily needs.
what is the solution now for loan? he is not having any property also.
loan is around 2 Lak. he is paying EMI for 6 to 7 months.
how to go about this sir? any suggestion pl.
Asked on 1/09/16, 11:18 pm
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
10.01.2016
Dear Sir / Madam,
Your friend's wife should approach the local Standard Chartered Bank officials with the original Death Certificate of her deceased husband, and all other relevant documents and discuss and agree upon the way forward regarding loan repayment and settlement.
Regards,
Answered on 1/10/16, 4:26 am
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