Question

what will happen if some barroowers do not repay the bank loan? ​

Answer 1

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what will happen if some borrowers do not repay the bank loan?

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If some barroowers do not repay the bank loan then he can do given steps :

• He can request the lender to minimise the interest rate on his loan or to give him some time so that he can manage finance.
• If you took loan from bank then you can inform the bank about incapabilities or hurdles to make the payments bank can extend your date of EMI or provide you another option
• In case ,the borrower took loan and run away then the bank have a control on his /her property and they make the property for auction to recover his loan's amount

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Answer 2

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what will happen if some borrowers do not repay the bank loan?

$\huge\tt{\bold{\underline{\underline{Answer᎓}}}}$

┏━━━━━━━━━━━━━━━━━━━━━━━┓

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✍️

If some barroowers do not repay the bank loan then he can do given steps :

He can request the lender to minimise the interest rate on his loan or to give him some time so that he can manage finance.

If you took loan from bank then you can inform the bank about incapabilities or hurdles to make the payments bank can extend your date of EMI or provide you another option

In case ,the borrower took loan and run away then the bank have a control on his /her property and they make the property for auction to recover his loan's amount

┗━━━━━━━━━━━━━━━━━━━━━━━┛