Legal Question in Banking Law in India

accountability of surer for personal loan ..in case of default by borrower


Asked on 11/11/16, 9:29 pm

1 Answer from Attorneys

Fca Prashant Chavan Expert Edge LLP

12.11.2016

Dear Sir / Madam,

The surety or guarantor remains accountable and liable to repay the personal loan in case of default by the borrower.

Regards,

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Answered on 11/11/16, 9:33 pm


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