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How to initiate settlement of personal loan
21-Feb-2023 (In Criminal Law)
Taken money from a person. He is charging ten person interest. But due to some difficulty payment got delayed. Now that person is threatening to insult me in workplace. What to do Sir？
You can cnegotiate with that person for settlement of the loan and payment terms and you can pay him accordingly. If you get insulted or threatened by that person, you can file a police complaint against such person.
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Adv. Sadanand Naik
Bangalore | 200+ Answers
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Dear madam/Sir,
As per Karnataka Law a money lender can charged 14 percent off n secured loans and 16 percent on non secured loans, so if he has license for lending you can approach for cancel his license before Registrar of Societies OT you can file complaint before Jurisdictional police.
As per Karnataka Law a money lender can charged 14 percent off n secured loans and 16 percent on non secured loans, so if he has license for lending you can approach for cancel his license before Registrar of Societies OT you can file complaint before Jurisdictional police.
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Adv. Shashikumar K
Bangalore | 200+ Answers
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Your question is not clear. Call me. I will explain. Ten percent per anum or per month. Whether he got licence to lend money are also not stated. Amount not disclosed. Kind of threat also not stated. So for details contact
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Adv. Bharati Patil
Bangalore | 25+ Answers
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your case is in pre-litigation stage, lok-adalats will be conducted 2nd saturday of every month across the country to provide an opportunity to the litigants to settle their disputes amicably without contesting before the courts & waste their precious time. So you go and appear personally or through an advocate and settle the dispute. Otherwise bank will file a recovery suit against you. Feel free to contact me for further assistance. Looking forward to serve you better.
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Adv. Siddhant Sharma
Delhi | 500+ Answers
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Dear client, you may request the bank for paying EMIs on installment basis. Bank has no power to freeze your salary. There is a legal procedure. Bank must file civil suit against you. You will be given an opportunity to project you defense i.e., your illness and pay EMIs on installment basis.
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Adv. Sistla Rama Krishna
Vijayawada | 400+ Answers
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you need to send the letter to the bank and ask them to close the loan account as the person who had taken the loan (your father ) died. please also affix the copy of the death certificate with the letter. the bank shall not come to your doors asking for the payment of the loan.
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