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How to settle an old account of loan
18-Jun-2023 (In Banking / Finance Law)
I have a 5yr old loan account which I couldn't pay due to my health and father's health issues.. Want to settle the loan as I do not have any savings, asset or anything. Please help
Settlement will be possible only when both parties agree to settle. It is good that you have intention to settle the matter. Many times Banks are adamant on acceptable amount. Bank try to extract maximum. You need to talk to recovery specialist who can guide you properly.
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Adv. Sunil Kadam
Mumbai | 100+ Answers
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