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Failed to pay back the loan
01-Apr-2023 (In Recovery Law)
I took loan by mortgaging my flat but unable to pay the amount because loss in my business . what should I do?
You can approach the bank and tell them about your situation, they can provide you with better payment plans. You are bound to pay back the loan amount. If you fail to pay back the loan amount then the bank will recover the loan amount through your mortgaged property.
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Adv. Chikirsha Mohanty
Delhi | 200+ Answers
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