What happens if a person dies after taking personal loan in India?

Personal loan/Credit card If a person dies without paying his personal loan or credit card bill, the bank cannot ask the surviving members of his family or his legal heir to repay the loan. Since it is an unsecured loan, there is no such thing as collateral and hence the property cannot be attached.

Can I lend money to my friend?

Yes, it is. It’s legal to lend money, and when you do, the debt becomes the borrower’s legal obligation to repay. If you are lending money to a friend or family member, you may want to get the details in writing and signed by all parties in case there’s a conflict or misunderstanding.

Why are so many Americans returning to India unhappy?

There are two types of people who tend to be unhappy once they return: Those who had a hole in their life — be it a lack of social life, career, mid-life crisis— in the US and thought moving to India would somehow magically fill it.

Why do you want to go back to India?

Let’s start with some of the obvious reasons that would come to your mind. – Of course, the grass is always greener on the other side – You will always want to go back to India thinking you will have a better life and opportunities. – Missing family and friends.

How has India changed after 10+ years in the USA?

When they arrived in USA on a student or work visa, they embraced capitalism but the idea of India in their heads froze. When they went back to India after 10+ years, they were shocked to see the difference. India had changed in her culture, looks, infrastructure and make up.

Will moving to India fill the hole in Your Life?

Those who had a hole in their life — be it a lack of social life, career, mid-life crisis— in the US and thought moving to India would somehow magically fill it. That doesn’t work — you’ll carry that hole with you.