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Took loan based on salary but left job what can be done
30-Jun-2023 (In Labour & Service Law)
Hi Sir, I need to know whether there are any charges pressed against someone who has taken a personal loan based on his salary but left the job to start a business with that money. Will there be any problem if i keep paying the emi on time? And what will be the problems if i miss one or two emi payments. Thank You
If you keep paying your EMI to the bank there will not be any problem. If you miss paying your EMI’s, the bank can file a civil recovery case against you to recover the amount or can take the mortgaged property.
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Adv. Siddhant Sharma
Delhi | 200+ Answers
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