Hi,
Banks frequently demand that borrowers retain insurance coverage until the house loan is completely repaid. To fully grasp the conditions, read your insurance contract and loan agreement. If you have met all of your commitments, speak with the bank along with your supporting documents.
If concerns persist, seek counsel from a legal or financial expert who can give advice based on your circumstances and relevant legislation. They can assist in providing clarification and can offer suggestions for the best course of action.
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I have cleared my home loan but the bank is asking to clean the insurance amount also. Is it valid?
Munira
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2 Year
2023-05-22T09:04:47+00:00 2023-05-22T10:20:01+00:00Comment
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