POSTED BY August 1, 2011 2:18 pm COMMENTS (2)
ONHi All
Why would bank ask for Gurantor on going for a loan, when one would have pledged the land or building documents in original? Generally, the asset worth would be more than the loan amount. Please share your thoughts.
Thanks
Sunil Kumar
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Hi Sri,
Shouldnt the bank be validating the authenticity of the site? How can they provide loan without validating?
Thanks
Sunil Kumar
Hi Sunil,
Recently problems came like duplicate documents , house in several people names ., These are some of the problems which can lead to loss to the banks ., hence they are askin guarantor while pledging house and takin loan
Regards,
Sri