If a person got Bank loan and leaving for good . But he is not capable repay to the bank loan so what is the procedure.Is it possible can he pay from his own country?
You must understand what you have signed on the agreement before...in my knowledge every loan has its equivalent insurance to protect you and the bank from unexpected situation as you are experiencing now. Just to be sure check the status of your agreement on loan at its designated bank.
Nope my friend.. The bank doesnt allow a person to leave and pay installments from his home country. What u can do is provide bank with a Guarantor and pay off your loan (one shot payment) from your country. but again you have to be within terms and conditions you negotiate or else poor guarantor will be ripped..
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You must understand what you have signed on the agreement before...in my knowledge every loan has its equivalent insurance to protect you and the bank from unexpected situation as you are experiencing now. Just to be sure check the status of your agreement on loan at its designated bank.
Nope my friend.. The bank doesnt allow a person to leave and pay installments from his home country. What u can do is provide bank with a Guarantor and pay off your loan (one shot payment) from your country. but again you have to be within terms and conditions you negotiate or else poor guarantor will be ripped..