Death
2 years ago
Dear Sir My Cousins Barrow Loan From Zest Money (NBFC) Sum Rupees of 28000/= He Will Pay Emi Accordingly, Then After 3 Emi Suddunly He Will Die Due To Covid-19, On 10th May 2021, So What Is Now Who Will Responsible
A.Hi,
Unless you are the guarantor, no one is liable to pay. Only the security deposit will be forfeited and used by the NBFC.
Unless you are the guarantor, no one is liable to pay. Only the security deposit will be forfeited and used by the NBFC.
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Ayantika Mondal @ Prime Legal
Responded 2 years ago
A.Hi,
No one is liable to pay. The Bank will use the security to realize the loan amount.
No one is liable to pay. The Bank will use the security to realize the loan amount.
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Ankur Goel @ Complete Law Shield
Responded 2 years ago
A.nobody is responsible to pay.
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A.No one will be responsible anymore unless you have provided any guarantee for the loan. When the borrower dies then the liability also goes away with the borrower. Only the security will be taken away by the lender.
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