Risk involved to be second Guarantor for secured loan
Risk involved to be second Guarantor for secured loan
I am the proprietor of start up business valued around Rs 2 Crores and I am aged around 71 years without any liabilities from any bank. Now, one of our family friends requests me to be the SECOND GUA
4 years ago
A. If you become the second guarantor then you shall be liable to repay the loan after the failures of the borrower and 1st Guarantor.
Eg: if both of them are unable to repay then you shall be liable to repay the whole amount.
Eg 2 : If both of them pay parts of the loan amount then you shall be liable to pay t he remaining part which is not yet paid.
Thanks
Shreyash Mohta
Rameshwar Dadhe
Please give advice for claiming home loan insurance
My father had a stroke 2 weeks back.and he has home loan.so i want to claim insurance for home loan.so please give some advice how to do.and what are the process.please tell in depth.so i can approach
4 years ago
A. I shall need to study the policy documents before advising. Please consult me so that I can give you good advise.
Shreyash Mohta
SURESH KUMAR
Helping my friend
my friend reqstd me to say a lie about the money, actually the thing is he took 40k from his uncle nd used that money nd he rqstd me that tell to his uncle ki you took nd u wll return him in 1 week nd
4 years ago
A. Dear Sir,
You are not liable. Be cool.
SERFESAI
I had taken housing loan from bank in the name of my &wife.my housing loan account is running regular till date.I also enjoying personal loan overdraft facility from same bank.now bank refused to rene
4 years ago
A. Dear Sir,
You may approach DRT (Debt Relief Tribunal) and get stay of the said notice if not in High Court.
Rameshwar Dadhe
Shreyash Mohta
Suneel Moudgil
Bank non Payment
Hello Sir, My brother got loans and credit cards from some other banks. He paid emi regularly but unfortunately partner cheated my brother in business. They didn't response (Partner) properly. So now
4 years ago
A. Dear Sir,
You may approach Civil Court and get a suit filed restraining them from interfering with your person and property except in due course of law. Then they need to file Money Recovery Suit wherein it will be hard for them to establish their case.
Shreyash Mohta
Pending salary revision
I am working in Navodaya urban Cooperative Bank Ltd. Nagpur. The said was founded according to provisions of MCS Act 1960 in 2000 and due to financial crisis aroused from July 2015, RBI has imposed re
4 years ago
A. This is an in depth matter which requires time and research and a legal opinion.
Kindly contact me personally and then we can talk over your issue.
Shreyash Mohta
Banking solution
From bank they have issued arbitrary notice for seezing immovable items for irregular payment of emis from last 4emi is pending is there any option to stop them plse and I am not in position to pay em
4 years ago
A. Dear Sir.
You may approach Civil Court or High Court and get a stay order on such notice and arbitration proceedings.
Shreyash Mohta
Rameshwar Dadhe
AXIS BANK FRAUDS
we taken home loan in axis bank , 10 lacks ,in that 6 lacks rupees sent to the builder with my consent, and remaining 4 lacks bank peoples collide with the builder and they forgered my signatures and
4 years ago
A. Dear Sir,
you have raise a complaint and file a civil case.
Rameshwar Dadhe
Suneel Moudgil
Suneel Moudgil
money case
i have given money as dues to 3 person from different state now they are not giving money only providing dates and not paying i have their contact no and whatsapp proof i am totally helpless didnt knl
4 years ago
A. Get issue a legal notice followed by money recovery suit.
Rameshwar Dadhe
Suneel Moudgil
What amount i have to pay against my father's mortgage loan
My father & Mother took a joint mortgage loan of Rs. 5lakh form UCO shelter loan against our joint property. where my grandfather & my one uncle was guarantor on 04/08/2005 (where as there are 12 memb
4 years ago
A. Dear Sir,
Without seeing the document in detail i am unable to advise.
