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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
Well, we need to serve a legal notice to your Lender for Loan Restructuring and once, you get the this benefit, I think, that, you will be able to get time to pay out your Loan EMIs', which you have not been able to pay currently due to your poor financial condition.
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Adv. Pankaj Bajaj
Mumbai | 500+ Answers
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