×

quesCan i take loan Against Property

mere father ne ge financial se 10 saal pehley loan liya tha.GE walo se hamari baat chal rahi thi to reduce princilple amount. jiske wajah se humney EMI deni band kardi.now in between GE Finance sold their business to magma financial and its more than one and half year in this time they contact twice or thrice to pay whole amount. How i can exit from this

  • ansThe only way out is to negotiate with them for reducing the amount of loan. Such a request, if skilfully made, can yield positive results as the finance company may in its wisdom reduce or even waive off the interest. Do not sign any document without getting it vetted from your lawyer as it may result in forfeiture of your legal rights. Act strictly on the instructions of your lawyer.

  • Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at LawRato.com and has been responded by one of the Documentation Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or book a Detailed Consultation with a Lawyer of your choice to address your query in detail.
Consult best Documentation lawyers in India

Similar questions

Sir in court marriage which document are required???
want to buy land on lease for petrol pump. What are the documents requireed for…

Sir, I have filed a Writ Petition in January 2015 for Appointment of Job under…

My name in the settlement deed of the property inherited by me is Meenakshi Ammal.…

Documentation Lawyers in India

Advocate T Kalaiselvan

  Kosapet
 Experience: 16 years


Advocate Anuj Aggarwal

  Model Town, Phase 3
 Experience: 13 years


Advocate Amit Sharma

  Pitampura
 Experience: 11 years


Advocate Srishti Saxena

  Guru Apartments, Dwarka
 Experience: 6 years


View all >>

How it Works

Know how LawRato makes legal advice easier and effortless

Ask a Free Question

Post a question and get free advice from multiple lawyers

Talk to a Lawyer

Easily find and book private consults with top lawyers in India

Get Fee Estimate

Receive multiple quotations for your legal requirement instantly