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How can I pay my EMI's have no job bank agents harassing me


09-Jan-2023 (In Recovery Law)

Sir I had taken a personal loan of 1lakh from Icici bank about 1 and a half year back and from last 7 months I've not been able to pay my Emi's as I lost my job in Aug-14 and still struggling to get a job. It is getting very difficult for me to manage my own expenses and under this situation the Bank is calling me and my relatives again and again and harassing on the call to pay it as soon as possible otherwise they will take some harsh actions. I am ready to pay all the debts or Emi's as soon I get a Job and start working again.

Answers (2)

Answer #1
902 votes
You may approach the bank directly, and seek reconstruction of your loan, and seek more time to repay the loan. Bank may impose certain conditions, granting you more time to repay, however you must approach bank directly.
Answer #2
841 votes
You have to settle the matter with the bank and or its recovery staff . Put everything in writing if the bank agrees to your terms of payment. Bank can only file a recovery suit against you which is a civil suit. The bank cannot put any pressure by using muscle power or sending agents to your house, if they do then you can make a complaint against them.

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