after death loan settlement .

[Jaswinder_PB34]

HDFC Bank LTD. (loan Through Credit card Jumbo)
hi evereyone....
ataly my father 19-jan-2025 passed away....Death time eh fund account vic c and fr ghar da khrcha lyi me or kdwa lye c now 10 thound de around hi ah balance
and her jumbo loan outstanding is 2.30 lac .....after death loan EMI pay krda rea jini ho skia...par hun circle hil gya ghar da bharnia okhia ho rhia ....bank visit kita ta oh kehnda nomini person nu outstanding bharni hi paugi...
can u plesae suggest..agar me EMI band kr dwa ta mere symble oper ta ni koi impact pauga.....hje b outstang aroung 1.70 (One Lac seventy thound) de around baki ha ..agar na fill kra ta mera Credit sibmle ta ni khrab hou ..or settlement da option abnk apne app reach kru ya mneu krna pauyga.......

Regards.
jaswinder Singh

 

[arjungoyal12]

Sorry for your loss. In case of death of the borrower, the loan does not automatically transfer to family members unless there is a co-applicant or guarantor.

First thing to check is whether your father had credit card insurance / loan protection cover. Many HDFC credit cards have this. If insurance exists, the outstanding amount can be settled through the insurer after submitting the death certificate.

If there is no insurance:

• The bank can recover the amount only from the estate of the deceased (bank balance, assets in his name).
• They cannot force family members to pay from their own income if they are not co-borrowers.

Do not continue paying EMIs from your own account until clarity. Visit the bank, submit the death certificate, and ask them to formally mark the account as “deceased borrower”.

Regarding CIBIL: Your credit score will not be impacted if the loan was solely in your father’s name. Settlement or non-payment will reflect only on his credit report, not yours.

Avoid app-based settlement for now. Handle this through the branch in writing and keep copies of all communication.

 

[Jaswinder_PB34]

own residencal House and Property is own time in father name ...

plesae suggest loan settlement lyi apa nu aproach krni paugi ya bank khud kruga.