Legal Question in Banking Law in India

Personal loan emi deduction in gauranter salary what the action take not deducted


Asked on 3/21/17, 6:15 am

1 Answer from Attorneys

Fca Prashant Chavan Expert Edge LLP

21.03,2017

Dear Sir / Madam,

Borrower remains primarily responsible for repayment and settlement of the personal loan. The guarantor becomes liable if the main borrower is declared insolvent.

Regards,

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Answered on 3/21/17, 6:53 am


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