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Siva Singampalli
in Banking Law Criminal Law Civil Law
Asked October 10, 2017

Bank gave loan to other person on surety papers without consent

  • 1 Answer

My father is facing problems in loan process in Shriram city finance. My father gave the surety for loan to one of his friend but the bank gave the loan to other person without his permission and inform with the surety papers of my father's friend loan papers. Now bank sending notices to my father to pay the loan amount. Let me know how to solve this problem and case the file against that person took the loan without our permission.

Answer 1




Dear Sir/madam,

Whenever a loan is granted, the documents are duly made to be filled and signed by the surety. If the signatures of your father are present in the loan papers of that other person, your father might be held liable otherwise you can happily ignore the notices sent by the bank in your name.

You need to understand the origin of the issue – is it from the end of the other person or due to some technical mistake of the bank. Accordingly, any action is possible.

Further, no bank is supposed to send a surety – a direct notice. Banks make all possible efforts against the loan taker first before approaching the surety.

Agree Comment 0 Agrees over 3 years ago

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