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I am not able to pay EMIs of loan, what can be done ?
30-Jan-2023 (In Banking / Finance Law)
Dear sir I have take personal loan from Fultron & Bajaj finance emi is 26000 per month salary 30000 How to pay emi This time I am left my job due to some working problem I am not able to emi Also how to give me 26000 emi against 30000 net salary Please advise All money lost in share market this is my life big mistake Please advise & help
Generally company doesnot give the 90% EMI against your salary. But if your have shown any additional income from other sources than may be possible that company have given this EMI. You can approach the Bank Manager and reduce the EMI for the longer term. If they agree than you can pay the lesser installments. Mistakes are made by humans but NBFC have not done any mistake by giving loan to you. You personally meet Bank Manager and discuss your case. They might be having some solutions of your problem.
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