LawRato

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 .

Answers (2)

Answer #1
677 votes
who is threatening you and your family ?? 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 !
Helpful? LawRato12+ LawRato
Advocate Namitabh Kothari

Adv. Namitabh Kothari

LawRato Mumbai | 25+ Answers
Chat with Advocate Namitabh Kothari Chat 
Answer #2
648 votes
We are not clear whether you have obtained loan from some bank or a private person. However, no person is allowed to disposses you from your house without following due process of law. Thus, if somebody is threatening you that you will be thrown out of the house, without due process of law (means by taking legal steps), you can take help of police yourself. If the police does not help, you may file appropriate proceedings in the court of law.
Helpful? LawRato18+ LawRato
Advocate Unmesh Gopal Dindore

Adv. Unmesh Gopal Dindore

LawRatoPune | 5+ Answers
Chat with Advocate Unmesh Gopal Dindore Chat 

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.

Report abuse?

Connect with top Recovery lawyers for your specific legal issue
Connect with a Lawyer
Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."

All Answers

Googling your legal issue online?

The internet is not a lawyer and neither are you.
Talk to a real lawyer about your legal issue.

LawRato