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Personal Loan
06-Jan-2024 (In Banking / Finance Law)
I had personal loan total amount of approx 13lakh with interest from different lenders. I was paying regularly emi till December. But Now I am unable to to pay emi because I lost big amount of money in business. I want to settlement but I can’t pay remaining amount. I can pay 30-40% amount of remaining amount within 4-5month. Please suggest me how can I settle this with lenders and what can they do if I can’t paid
What do u mean by different lenders ? Are they bank financial institutions or individual persons
Banks and financial institutions can file recovery suit in district court
Individual persons can file criminal complain for recovery
You can settle the amount via negotiation with bank
Banks and financial institutions can file recovery suit in district court
Individual persons can file criminal complain for recovery
You can settle the amount via negotiation with bank
Helpful?
Adv. Abhishek Muley
Aurangabad, Maharashtra | 5+ Answers
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