Bank Loan


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Querist : Anonymous

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Querist : Anonymous (Querist)
06 May 2010 Can an Urban Co-op Bank or any other bank disburse loan in cash?
Is it mandatory to disburse loan by cheque?

I am quite confused. Kindly guide me.




Regards,

gargi.

06 May 2010 NO, first of all loan will be t/f to your account, afterward you will withdraw it.

06 May 2010 Yes agreed with bansal sir. no bank give loan in cash.

CA Shiv (Expert)
06 May 2010 loan cannot be given in cash...

06 May 2010 in rural areas agreecultural loan up to 20,000/- are paid by cash to the borower who does not have a/c.

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 May 2010 thanks all of you.



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