• Personal Loan taken for a friend

Hi

I have taken a personal loan in my name for my boyfriend. He has bought a car from that money and the car is in his name.
Now we had a breakup.And he is not ready to pay the money back neither is ready to pay the EMIs.

Is there anything that I can do. Can i file a case against him. 
Or shall I leave the loan account like that (though this will affect my credit rating).

Please suggets.
Asked 6 years ago in Civil Law

First answer received in 10 minutes.

Lawyers are available now to answer your questions.

11 Answers

You can file FIR of cheating, you must be having proof of money transfer ?

Your civil will effect and torture from recovery agents. And to create more pressure, tell him if he did not refund today only, you will also file rape complaint that on the pretext of marriage, he had physical relation with you. 

 

Yogendra Singh Rajawat
Advocate, Jaipur
23082 Answers
31 Consultations

1) if you don’t repay the loan bank would sue you to recover loan amount with interest 

 

2) if you had lent money to your boy friend as loan and you can prove the same sue your friend d to recover loan amount with interest 

 

Ajay Sethi
Advocate, Mumbai
99793 Answers
8147 Consultations

1. Well, this is quite common when some one shower money upon the partner even before the marriage.

2. Anyway if there was promise of marriage and on such promise you shared bed with him then you can file a case for rape. for having sex on false pretext of marriage.

3. otherwise file a civil suit for recovery of money. 

4. Since you took loan you can stop making further payment so the fancier to recover the balance money can recover the car.

Devajyoti Barman
Advocate, Kolkata
23655 Answers
537 Consultations

See it's your personal account the bank.shall proceed against you to recover the amount from you so.you have to pay the EMI.

Also you can file a suit against your boyfriend to recover the said amount given as loan to him.

Though it's a  civil matter police shall not help you in this though you can try by filing a complaint the issue may get resolved fast if police pressurise the person.

Shubham Jhajharia
Advocate, Ahmedabad
25513 Answers
179 Consultations

If you have proofs of having paid the money to your boy friend, yes you can file case against him for recovery of money.

You can also initiate criminal proceedings of cheating. 

You have to clear the loan of the Bank, if it is not done, the Bank will initiate recovery proceedings against you.

S Srinivasa Prasad
Advocate, Hyderabad
2876 Answers
9 Consultations

Hi,

Non repayment of loan or EMI will result in account being NPA and the financial company or bank may take action as per law to recover that amount. Further, your credit rating or CIBIL will also go down. In these circumstances, you are suggested to initiate action against your friend to get that money repaid. 

Ganesh Singh
Advocate, New Delhi
7169 Answers
16 Consultations

You can make complaints against him for fraud and misrepresentation. 

If you have transferred the loan amount online that can shown has proof and can get your money back. 

Don't stop EMI as of now because it will affect your credit ratings. Meanwhile run the criminal  case against him.

Ganesh Kadam
Advocate, Pune
13008 Answers
267 Consultations

- Since, you have taken personal loan in your name, then you are liable to repay the same . 

- If, you leave the loan account like that, then the bank/finance company will approach the court for the recovery of the defaulted amount , and you will be responsible for the same , and also your credit rating will be effected as well.

- If, you have a proof of that payment like , payment by cheque , online transfer etc, then you can file a case against him . 

- You should issue a demand notice to him , and thereby ask him to return the amount to the bank on your behalf. 

- Further, if you were having relations , and he breakup the promise , then you can lodge a complaint against. 

Mohammed Shahzad
Advocate, Delhi
15814 Answers
242 Consultations

1. You should lodge FIR against him for criminal breach of trust and fraud If he is not ready to return the money taken from you. 

2. You cannot leave loan account just like that you have to return the loan amount or your account will become NPA and bank will initiate legal proceedings against you. 

3. FIR will pressurize him to pay back money taken from you. 

Mohit Kapoor
Advocate, Rohtak
10686 Answers
7 Consultations

you can file police complaint against him by Quoting entire details against him.

Mohammed Mujeeb
Advocate, Hyderabad
19325 Answers
32 Consultations

You can issue a legal demand notice to him  demanding the money given to him provided you have substantial evidence for having lent the amount to him.

After that you can file a money recovery suit against him.

T Kalaiselvan
Advocate, Vellore
89995 Answers
2496 Consultations

Ask a Lawyer

Get legal answers from lawyers in 1 hour. It's quick, easy, and anonymous!
  Ask a lawyer