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I AM FACING NPA PROBLEM FOR MUDRA LOAN PROCCESS


30-Sep-2023 (In Banking / Finance Law)
IM BUISNESS MAN FILLING ITR 4 LAC ANNUALY TURN OVER IS 42 LAC .LAST TIME 2016 LOSS IN BUISNESS MY CC ACCOUNT WAS NPA DECLARE.CC ACCOUNT 50000 FULLY AMOUNT NO SATTELMENT AND PAY CLOSE IT. THEN I APPLIED MUDRA LOAN IN BRANCH BUT DECLINE THE LOAN APPLICATION NPA REASON WHEN HE KNOW ABOUT THAT BEFORE LOAN PROCCESS ANSWER DECLINE AFTER 3 MONTH LATER. CA I DO /???
Answers (1)

Answer #1
574 votes
First you obtain the current Statement of your account and check what type and how much other charges are applied to your account except to interest what is the basis of your CC Limit, how it was sanctioned to you? If you have any property then get sanctioned the limit on it and clear the dues. Kindly meet a lawyer you trust, You may also contact us if you are in Jaipur.

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