Does the loan pass to the heirs? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Does the loan pass to the heirs?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

The debt is handled according to the estate, the contract, the insurance, and the law.

Inform the bank and inquire about the insurance and the outstanding balance.

The situation requires an assessment as per the contract.

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