Unable to pay piling debt, a 47-year-old garment trader hanged himself from a ceiling fan with a stole at his home in suburban Kurla on Sunday, police said.

The deceased, Ashok Mohnani, owns a garment shop in Kurla. He had suffered losses in business and taken a loan of at least Rs 25 lakh which he was unable to repay, due to which he went into depression, a police official said.