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 ago.

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  • #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.

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