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I an Unable to pay car loan EMI due to lost my job.


07-Dec-2024 (In Recovery Law)
I have lost my job due to health issues and now unable to pay EMI of my car loan. I don't want my car to be snatched by bank. What can I do?
Answers (2)

Answer #1
667 votes
Hello Sir/Mam You can send them settlement notice. rest depends on the matter. You can contact me over phone call or whats app for further assistance. Thank you Regards Advocate Kuber Hooda punjab and Haryana high court
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Answer #2
780 votes
You can file an application in the bank intimating the same to the officials. Make the written representations through registered post, email and whatsapp. Then ask them to restructure your loan and hold the emi due to sudden accident. Also ask them if your loan was insured or not. If possible, try to make your car loan insured
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