Do You Have to Pay Back a Personal Loan?

When they give loans against property, the bank will actually take a life insurance in the name of the individual and assign it to themselves. So if you take a loan from h t c, h g f ce will take a life Insurance in your name, which will assign, which is assigned to h t F C itself. But because it gets the money from life insurance, it won't sell it. It'll just give you back the excess money that they receive. In many other cases, where there is no insurance, or the person's family cannot pay back, the bank has a right to actually sell the property that is mortgaged to them.