Son Discovers Father's Loan After His Passing, Faces Financial Dilemma

A Shocking Discovery at the Bank

After the death of his father, a son found himself in a troubling situation regarding an outstanding loan. Seeking advice, he turned to Reddit, expressing his confusion and desperation. The young man recounted that his father passed away due to a heart attack, prompting him and his mother to visit the State Bank of India to close his father's accounts.

During their visit, they were informed about an existing loan. The son revealed that there was still an outstanding amount of ₹10.6 lakh, despite the original loan being ₹18.5 lakh.

He shared, 'My father suffered a heart attack and passed away about two weeks ago. My mother and I went to SBI two days ago to close his accounts. It was then we learned about a personal loan.' He mentioned that he is the only legal heir in the family, but the ₹36,000 monthly installment consumes nearly 90% of his salary, making repayment nearly impossible. Additionally, he stated that the bank representative informed him that the loan was not insured, leaving him responsible for the payments.