Is guarantor applicable/acceptable given after taking personal loan.Is loan valid if signature are not there on loan documents or can be challenged if utilized?is hr of organisation equally responsibile who approved loan and terminated from organisation.my main concern is over guarantor asked same to rbi .waiting response.

Question

Is guarantor applicable/acceptable given after taking personal loan.Is loan valid if signature are not there on loan documents or can be challenged if utilized?is hr of organisation equally responsibile who approved loan and terminated from organisation.my main concern is over guarantor asked same to rbi .waiting response.

Sumit 1 Answer 169 views
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Answer ( 1 )

  1. instalegal
    0
    2021-01-25T13:15:38+05:30
    Reply

    are you a guarantor?
    Your facts are not clear.
    whoever is a Guarantor, would be liable if at the time of taking the loan he has agreed to become the guarantor and signed the documents accordingly. The person taking the loan if is unable to pay the loan, the guarantor would be sent a notice to repay the loan. If the loan has not been withdrawn from the bank then the guarantor has no liability.

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