A young man, whose father died suddenly, has shared that he had left behind an unsecured SBI personal loan. The pending amount is about ₹ 10.6 lakh and the EMI is around ₹ 36,000 each month. In a Reddit post, he has shares that he cannot afford it because it nearly matches his entire salary.

“When we talked to the bank's personal loan employee, he told us two things: The loan itself is not insured, so "according to law," the legal heir (me) has to pay it. My dad was a Panchayat Secretary and had an SBI Salary Package account (Diamond tier),” the Reddit user wrote.

The young man feels confused because the bank has offered mixed statements. Pension or PF benefits may take several months to be processed.

“I'm lost, and the EMIs are already bouncing. Benifits like his pension, PF and

See Full Page