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How can I get more time to pay back my loans
28-Jan-2023 (In Recovery Law)
I tolad a loan 20 16 lakhs and i am paying interest Rs.20,884/-P.M,Due to some Financial issues i cant able to pay the interest on time.Now the outstanding amount is Rs.1,25,000/- and now they are warning us that they will bring police and throw us out of our home .And we dont have any other place to go 7 and realy dont want ot lose my home .i just want to know whether there is a way/chance to get some more time or month to pay back my outstanding amount .
nobody can throw you out of your hoe for not paying your loans
you will have to go to court after sending legal notice to the lender !
send the legal notice through an Advocate to the lender that you need time to repay your loans !
once you send the legal notice then file court case for protection and injunction against being thrown out of your home !
Court will grant you stay order and protection so as you and your family does not loses your home !
hope this helps !
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Adv. Namitabh Kothari
Mumbai | 400+ Answers
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Adv. Unmesh Gopal Dindore
Pune | 100+ Answers
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