Can a bank block your entire salary if loan taken?



A person has taken loan from the bank in which he/she is having an account and the persons company is going thru loss ,so to recover the loan taken ,the bank is blocking the persons entire
salary ? Is this possible nationally and internationally ?

Can a bank block your entire salary if loan taken?
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2 Replies to “Can a bank block your entire salary if loan taken?”

  1. Bank can block one’s entire salary if one has defaulted repeatedly on repayment, provided,
    1) The borrower’s employer is the guarantor for the repayment & has agreed to send instalment to bank from the salary of borrower.
    2) Bank has nothing to do with whether borrower’s employer is incurring loss or making profit as long as bank gets its instalments on time.
    3) But in case borrower’s employer has declared insolvency, then bank might take any steps to protect & ensure the recovery of its money from the individual borrower. No question of national or international.






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