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Non payment to EMI for last 80 days
07-Aug-2023 (In Banking / Finance Law)
If have not not paid EMI continue for Last 80 days then next what legal step by finance co.after
Dear client,
the finance company can send you legal notice of demand for payment of dues in default of EMIs and in terms of contract the finance company may terminate the loan account by sending notice of termination of account and recall the loan facility atonce to be paid as whole.
you should payvor send proper request for delayed payment
the finance company can send you legal notice of demand for payment of dues in default of EMIs and in terms of contract the finance company may terminate the loan account by sending notice of termination of account and recall the loan facility atonce to be paid as whole.
you should payvor send proper request for delayed payment
Helpful?
Adv. Manoj Kumar Pandey
Delhi | 100+ Answers
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