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What is procedure for settlement of loan with the bank
21-Jul-2023 (In Banking / Finance Law)
I had two personal loans and now i have some unwanted circumstances pertaining which I am not able to pay EMIs and now bank people are harassing me what can I do?
You can ask them a time to repay their loan but you can not deny to pay their loan untill and unless you are bankrupt.
otherwise take an another loan to repay this loan but after all you have to pay every loan.
otherwise take an another loan to repay this loan but after all you have to pay every loan.
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Adv. Rajat Goel
Delhi | 25+ Answers
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You have two loans running against you. In the present scenario where you are not in a position to pay EMIs, you can have a word with bank people to settle for some minimum amount. Bank people can't harass you for non payment, in this case FIR can be lodged against the bank people.
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Adv. Vipin Rathee
Delhi | 25+ Answers
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