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How much amount u can charge for personal loan outstanding 1


22-Jun-2026 (In Recovery Law)
How much amount u can charge for personal loan outstanding 10 lacks
Answers (3)

Answer #1
542 votes
The amount recoverable in a personal loan matter depends upon the loan agreement, outstanding principal, accrued interest, penal charges (if legally permissible), and other contractual terms. A claim of ₹10 lakhs can generally be pursued through appropriate legal proceedings, subject to verification of documents and limitation. Before taking any legal action, obtain the loan agreement, account statement, sanction letter, repayment history, and default details. Upon scrutiny of the records, suitable remedies such as legal notice, recovery proceedings, settlement negotiations, or other lawful measures may be considered. A proper legal assessment of the documents is essential before determining the exact recoverable amount and the most effective course of action.
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Advocate Pavani Kumari

Adv. Pavani Kumari

LawRato Guntur | 400+ Answers
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Answer #2
955 votes
Will charge for personal loan For Rs10,00,000,Amount is Rs1,50,000,For legal notice Rs5000 that is separate,yu will get a injunction order from court,That they will not do harrassment,By doing phone calls,By coming to your office or your home,Yu will get stay from court, After getting injunction order from court,yu will get one year time,After that you can pay the amount,By taking time from court,thank you
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Advocate Chapala Srinivas

Adv. Chapala Srinivas

LawRatoHyderabad | 25+ Answers
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Answer #3
581 votes
Hello Sir, as you are saying about the personal loan which is totally unsecured loan; we can proceed with multiple reliefs depending upon your convenience. As we will be charging around 10% of tge loan amount which doesn’t depends upon territorial jurisdiction.
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Advocate Mohd Ibrahim Ahmed

Adv. Mohd Ibrahim Ahmed

LawRatoHyderabad | 5+ Answers
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