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Consequences of not being able to pay emi for personal loan
03-Sep-2023 (In Banking / Finance Law)
I have a 1.5 Lakh Rs. personal loan from a BANK. I have complete 15 Emi of Loan. Suddenly My My job gone still now i not getting job. I am not completed well condition. I have no job. I am not able continue pay Loan Emi. if incase personal loan not paying emi term what is next stem. can you give suggestion for me
Hi,
You have successfully paid 15 EMI's , its a good job. Its Good. Banks need not required any explanation from you and your job. They want the repayment only. Your track record of repayment may reflect your credit score. If you want to continue your CIBIL score in healthy way , you have to pay regularly with out cheque bounces. The CIBIL score 750 plus is good and healthy financial habits. Check you score www.wishfin.com for free of cost. Better to maintain good score for future. Have a nice day. Good luck.
You have successfully paid 15 EMI's , its a good job. Its Good. Banks need not required any explanation from you and your job. They want the repayment only. Your track record of repayment may reflect your credit score. If you want to continue your CIBIL score in healthy way , you have to pay regularly with out cheque bounces. The CIBIL score 750 plus is good and healthy financial habits. Check you score www.wishfin.com for free of cost. Better to maintain good score for future. Have a nice day. Good luck.
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Adv. Syam Charan Godi
Hyderabad | 100+ Answers
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