Need A Financial Product Forums Loans Can I withdraw one year old letter of guarantee

This topic contains 1 reply, has 2 voices, and was last updated by  Nilesh Shah 2 years, 6 months ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #48478

    Nilesh Shah
    Member

    A year back, I signed letter of guarantee for my old friend’s top up home loan with Punjab National Bank. I have enclosed my bank’s statement with the letter. Due to certain issues, I want to withdraw my guarantee. Is it possible, if yes then what is the procedure? Moreover, my friend has arranged some other guarantor. Please guide

    #48479

    Vasant Shah
    Member

    Yes, you can. Contact the home loan serving branch of Punjab National Bank, inform them in writing. Upon completion of some paper work, they will substitute the guarantee to another person.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.

About Us

Simplypaisa, a web initiative by Elite Wealth Advisors Ltd, has the primary objective to help readers make smart financing decisions. What is smart finance? How to make smart financing decisions to procure assets or to meet one’s personal needs? Information is critical to make smart financing decisions: be it to purchase your dream house, a car, to start a business or to enable an entrepreneur to meet his/her working capital needs.Read More...

GET IN TOUCH WITH US

Elite Wealth Advisors Ltd.
S-8, DDA Shopping Complex,
Near Jeevan Anmol Hospital,
Mayur Vihar Phase-1, Delhi-110091.
Phone No: 011-42445800
Email : connect@simplypaisa.com