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fore closure of unsecured loan
07-Nov-2023 (In Banking / Finance Law)
i have taken unsecured loan of 9 lks approx.. for my working capital in Aug 2109 but my business is not doing well i want to return back money to bank but bank is asking for 4% extra for which seriously i don;t have fund. Being a respectful citizen i don't want to be chased for outstanding amount that's why i want to close the loan as per agreement foreclosure @4% can be done after 1 year. Please advice.
Hi,
You shall send the bank a legal notice asking them to foreclose your loan and requesting them to waive off your interest as you have financial constraints.
Feel free to contact
Regards
Madhav Nanda
Advocate
You shall send the bank a legal notice asking them to foreclose your loan and requesting them to waive off your interest as you have financial constraints.
Feel free to contact
Regards
Madhav Nanda
Advocate
Helpful?
Adv. Madhav Nanda
Delhi | 100+ Answers
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