Education loan recovery through LOK ADALAT
07-Jul-2023 (In Banking / Finance Law)
I received a legal notice from LOK ADALAT section stating that to meet them for my education loan settlement.. My loan amount is 1lakh and now with interest its 1.5 lakhs.. I am ready to settle the amount but how much can i negotiate. My family situation is i don't have my dad and my mom is an house wife and i am going for a job with 15k salary... What is the best amount to end up the negotiation with..
You can ask them to waive off the complete interest amount..and you can clearly state that I can pay the remaining principle amount as equated monthly installment...You can quote the desired time limit you needed depends on your affordability...For more details,Contact me
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