I took UK HSBC loan of £6400,HSBC has my passport copy,are they allowed to prosecute me in India?
I was on UK student Visa and then I was on HSMP, I got £7000 loan from HSBC UK and now i have to go back to india for good due to personal reasons !!! I am unable to pay back my loan since i screwed up my work and got to go back to india,,,,, CAN HSBC CHASE ME BACK IN INDIA ? are they allowed to prosecute me in India?
Yes you were over 18 so deemed to be able to take on the debt, they will chase you to recover the costs and if they do manage to track you down where ever you are they will try and recover the costs from you.
This is probably going to be a problem for you in India if you need to apply for a loan or if you go abroad again and need to open a bank account.
I suggest you attempt to honour the debt.
