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30days loan I am unable to paid,


29-Mar-2026 (In Recovery Law)
I have a taken loan from different loan apps, the interest rate is 1% per day, 30days time, I am unable to paid this month loan, because financial issue, I am asking to extend my loan one month, they are not ready to do, they torturing me, please help me
Answers (1)

Answer #1
506 votes
Dear sir /Madam As per your issues, 1 percent interest per day is completely illegal and against the principles of RBI guidelines. by mentioning the same send legal notice and request them to restructure loan and request to repay the amount. for sending legal notice feel free to contact me. K Shashikumar Advocate
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Advocate Shashikumar K

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