What happens if I miss the installments of bank loans?

Question

Q: I have two personal loans with a bank. Both loans' unpaid balance is less than 50k each loan. If the bank put a case on me, what are the consequences? A: The bank can put your security cheque. If the cheque bounced, then the bank can file a criminal case against you for the bounced cheque…

Mohammed Bani Hashem · Accepted Answer

Dear Questioner,

Pursuant to the query, the bank can put your security cheque.

And if the cheque bounced, then the bank can file a criminal case against you for the bounced cheque and a civil case for the recovery of money.

Further, we need to know your matter in detail to give you proper advice.

Kindly contact us on the phone.

Thank you.

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