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