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harrasement by private lender .lost my job already paid sustantial amo
08-May-2026 (In Recovery Law)
after covid i had taken 5 lac loan fromprivate lender at a very high rate of interest over the period i have paid him 2. 7 lac . last year lost my job was having difficulty in managing basic bread n butter so couldnt pay him further since last year . lender abused me on phone , threatened me n demanding 5 lac . now i got some part time work so somehow manage to runhouse i have already paid him substantial n willing to pay him balance of pricipal in small emis every month but he is demending full
Hi there, based on the information provided you can file a case of extortion and harassment against him.
Further, based on the details of the contract between you and the lender we can explore other options as well.
It's advisable to contact me and provide more details to assist you better.
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Adv. Ishan Parashar
Adv. Ishan Parashar
Delhi | 200+ Answers
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If the lender is charging excessive interest and threatening or abusing you for repayment, such acts may amount to criminal intimidation and harassment under the Bharatiya Nyaya Sanhita (BNS). A private lender cannot forcibly recover money and must follow due process of law through the competent court.
You have already repaid a substantial amount and your willingness to pay the genuine balance through monthly EMIs shows bonafide intention. Preserve all bank statements, UPI records, receipts, WhatsApp chats and call recordings relating to the loan and payments made by you.
You should send a legal notice through an advocate seeking proper statement of accounts and proposing a reasonable installment settlement. If the lender continues threatening or harassing you, a written police complaint can also be filed for intimidation and unlawful harassment
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Adv. Vinay Redhu
Adv. Vinay Redhu
Delhi | 200+ Answers
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try explaining to the lender your difficulty in returning the full amount in lumsum however the lander is at Liberty to demand the sum that you Om in any way possible weather it be lump sum or eyes.
if you do not reach an agreement the lender is free to take legal action as he teams fit
however he cannot threaten you with physical balance and abuse over the phone you can logic complaint with the police if you continuous such behaviour
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Adv. Kunal Seth
Adv. Kunal Seth
Delhi | 700+ Answers
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the lender is charging excessive interest or using threats, abusive calls or intimidation, you may lodge a police complaint for criminal intimidation and harassment. At the same time, try to negotiate a written settlement or repayment schedule according to your present financial capacity. Do not sign any blank papers, cheques or documents under pressure. Preserve call recordings, chats and bank transaction details as evidence.”
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Adv. Madhvi Chopra
Adv. Madhvi Chopra
Delhi | 50+ Answers
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In this particular case you can see legal Resort you can ask the police to investigate into your case further you can enter into an agreement with the people who are trying to harass you an exact answer can be given once more about the facts and circumstances are more
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Adv. Shambhavi Sharma
Adv. Shambhavi Sharma
Delhi | 50+ Answers
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