icon Loan Recovery- Asset in custody

What happens if the loan EMI was not paid and the company has taken the vehicle under their custody. While they have been threatening to sell the Asset.


A. Dear client, I am sorry to hear that but since your loan amount becomes NPA for the bank, the bank has all right to recover it. Since you have taken a loan keeping your vehicle as a security, they have all right to sell it.

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icon I stood gurantor for car loan

Hi sir I stood gurantor to my friend for car loan for his driving school .but hi did a fraud loan which car was already mortgage in anothe bank the manager gave him loan without checking the documents


A. In my humble suggestion, you should resolve the issue with your friend because, in my judgement, the bank won't take any further action once they've recovered the money from you.

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icon Educational Loan not paid - Doubts as a guarantor

One of my known person borrowed an educational loan for Rs. 4.6 L and my dad who was a bank employee then signed as a guarantor under the impression that he will pay off the EMI on time without any de


A. Dear Sir,

My answer are as follows.
1. They (Borrower) are not paying the loan amount within stipulated time as mentioned in notice ?
ANS: Then the bankers can go against your father.

2. Since the guarantor has a pension + deposit account in the same bank - will there be any problems faced to him ? Pension and deposit is his only livelihood and hard earned money.
ANS: Deposit may be attached

3. The borrower is employed in a firm and failed to pay it on time. Can the b ...ReadMore

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icon Adhar card-Can I change my date of birth

Can I change my date of birth ....because my original date of birth is different and I want that date of birth ...only so can I change....?? I am in 12 standard.??


A. Dear client,
Yes you can change your date of birth you just have to visit your nearest Aadhar Seva Kendra and follow the steps told by them.

Thank you

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icon ICICI sending me a credit card statement

Hi, my husband passed away in 2005. After 17 years of his death, ICICI sending me a credit card statement of him for INR 15750 saying I need to settle as am the joint holder of the card. What sould I


A. Dear Client
You need to lodge a complaint with the RBI as well as the banking Ombudsman stating all the facts and send a copy of the same to the bank as well. What they are doing legally appears to be very wrong.

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icon Aboard Education Loan legal advice sign

I have submitted my orginal documents to the advocate through SBI erode. Has collected and kept in a separate file. Has he said i will spoke to the Bank manager and call you.. But he is not answering


A. Dear Sir,

There is some doubt about his conduct. Please send a register letter and cancel your proposal to get educational loan and threaten him to lodge complaint in the Police station and also with State Bar Council.

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icon tehsildar endorsement requirement in case of CLU land

Is endorsement required by the bank for giving loan on a property who's land use is changed under section 143-1a ?


A. Dear Sir,

It all depends upon discretion of the bankers since they have to safe guard public funds which are deposited with them.

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icon Fraud app-coin track loan app

Regarding coin track loan app just checked eligibility with my husband phone we did not approved any loan but they credited 1600without asking permission with us they did not sent any message also aft


A. Dear Sir,

Just ignore all such messages and they cannot do since their business is it self illegal. You may lodge complaint with police if you have some influence.

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icon Watsaap group - big scam of money

If someone make a big scam of money how the police can arrest them


A. Dear Client
You should be knowing that whatever we do on internet through any website or app it leaves digital footprint on the inter net which cannot be deleted and if the police or agencies want they can trace the IP address of the device and find them. But for police to take action someone has to lodge a complaint with the police.

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icon Cheque payment stopped by drawer

I have given Security cheque to my employer and cheque is stopped, After Left the job they used the cheque 2 time so can you please help me what I need to do?


A. Dear Sir,
Once you issued the cheque by signing it the burden is upon you to prove contrary to the effect that no consideration was passed under the said cheque. Your employer may file cheque bounce case and if the amount is bigger one you may go for quashing of such criminal case.

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