What will happen if some borrowers do not repay the bank loan? – InterviewSolution

InterviewSolution

1.	What will happen if some borrowers do not repay the bank loan?
Answer» The bank collects the loan from the guarantors or disposes the mortgage. For e.g.: If any customer fails to repay the housing loan, the bank sells the house in auction. It takes the loan amount and gives the remaining amount to the customer.

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