Q: I’ve been in redundancy from my employer related to COVID-19 impact to the industry. What will happen to my personal loan? A: In case of default on bank payments, the bank will file a criminal case (with travel ban) in your name. The liability to pay off your loan is totally on you…

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Bank obligations in case of employment termination for COVID-19

Hello,

I’ve been in redundancy from my employer related to COVID-19 impact to the industry. What will happen to my personal loan?

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11 Jun 2020, 07:08

Dear questioner,

In case of default on bank payments, the bank will file a criminal case (with travel ban) in your name.

The liability to pay off your loan is totally on you.

If need be, kindly contact us by phone for a detailed discussion or write to us at our email for further assistance.

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