हिंदी में पढ़े

हिंदी में पढ़े

Search
FIND A LAWYER
- Personal / Family
- Divorce
- Family Dispute
- Child Custody
- Muslim Law
- Medical Negligence
- Motor Accident
- Wills / Trusts
- Labour & Service
- Corporate Law
- Arbitration
- Trademark & Copyright
- Customs & Central Excise
- Startup
- Banking / Finance
- GST
- Corporate
- Tax
- Civil / Debt Matters
- Documentation
- Consumer Court
- Civil
- Cheque Bounce
- Recovery
- Criminal / Property
- Criminal
- Property
- Landlord / Tenant
- Cyber Crime
- Others
- Armed Forces Tribunal
- Supreme Court
- Insurance
- Immigration
- International Law
- Talk to a Lawyer
LEGAL ADVICE
- Answered Questions
- Divorce Law Queries
- Property Law Queries
- Labour & Service Queries
- Criminal Law Queries
- Consumer Court Queries
- Guides & Articles
- Divorce Law Guides
- Criminal Law Guides
- Property Law Guides
- Consumer Court Guides
- Muslim Law Guides
- Other Resources
- Indian Kaanoon
- Indian Penal Code (IPC)
- Code of Criminal Procedure (CrPC)
- Legal Form & Agreements
- Legal Video Guides
- Legal News
- Get Free Legal Advice
- Need instant advice
LEGAL SERVICES
- Mutual Divorce
- Delay In Flat Possession
- Legal Notice
- Make Will Online
ABOUT
LOG IN

FIND A LAWYER
- Personal / Family
- Divorce
- Family Dispute
- Child Custody
- Muslim Law
- Medical Negligence
- Motor Accident
- Wills / Trusts
- Labour & Service
- Corporate Law
- Arbitration
- Trademark & Copyright
- Customs & Central Excise
- Startup
- Banking / Finance
- GST
- Corporate
- Tax
- Civil / Debt Matters
- Documentation
- Consumer Court
- Civil
- Cheque Bounce
- Recovery
- Criminal / Property
- Criminal
- Property
- Landlord / Tenant
- Cyber Crime
- Others
- Armed Forces Tribunal
- Supreme Court
- Insurance
- Immigration
- International Law
- Talk to a Lawyer
LEGAL ADVICE
- Answered Questions
- Divorce Law Queries
- Property Law Queries
- Labour & Service Queries
- Criminal Law Queries
- Consumer Court Queries
- Guides & Articles
- Divorce Law Guides
- Criminal Law Guides
- Property Law Guides
- Consumer Court Guides
- Muslim Law Guides
- Other Resources
- Indian Kaanoon
- Indian Penal Code (IPC)
- Code of Criminal Procedure (CrPC)
- Legal Form & Agreements
- Legal Video Guides
- Legal News
- Get Free Legal Advice
- Need instant advice
LEGAL SERVICES
- Mutual Divorce
- Delay In Flat Possession
- Legal Notice
- Make Will Online
ABOUT
TALK TO A LAWYER
ASK A FREE QUESTION
LOG IN
LAWYER SIGNUP
Call +91 9599-000-555

Regarding Personal Loan Default. How to do settlement?

I have taken a personal loan of Rs 10 lacs each from HDFC,ICICI and Citi Bank. But I am not able to pay the same:- 1) Does the banks always gives the option of settlement ,before taking any civil or legal action? 2) Is it possible to settle all my personal loan @ 50% of principle amount, if negotiated well? 3) Third and the most important, Can banks get in touch with my company HR and get my all personal details? Even though I am always reachable on my phone .Can my company fire me because of this?

Yes, banks always gives an option to settle, if you are unable to pay the money.

You will have to take a stand that you cannot pay the money due to insufficient of fund.

As per the RBI rules, bank cannot harass the customer or contact the HR. In case they do the same you can always complaint to RBI
Send a legal notice for recovery of dues @ Rs. 1999/- only

Know More
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 Recovery Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or book a Detailed Consultation with a Lawyer of your choice to address your query in detail.

Consult best Recovery lawyers in India

Find a lawyer

Similar questions

Corporate Consultancy refusing to pay for my services

I'm a freelancer trainer and recently I gave a training to a top MNC company…

Person refusing to pay the borrowed money on stamp paper

i gave a person some money. all are written on rs 10 stamp. in stamp…

Money lost in committee no agreement how can I claim it back

I deposited a large chunk of money with one of my relatives in form of…

bank withdrew payment from my salary account how to get it back??

i have a long standing loan with a bank every month or two i make…

Get 15 Minutes of Expert Legal Advice on Phone right now

LawRato's Jolly LLB Contest Terms and Conditions

1. The contest is organised by PAPA Consultancy Pvt. Ltd. through its registered brand LawRato and is binding on all participants in this contest and all applications for participants.
2. Only one entry permitted per person; entries made in bulk or by third parties are prohibited. LawRato reserves the right to cancel any duplicate entries and debar all such entries from the contest at its own discretion.
3. Entries received after the closing dates shall not be entertained.
4. Contest open till 20 February 2017.
5. The results declared by LawRato will be final and no further queries or complaints or questions will be entertained and LawRato is further not obliged to respond to the same.
6. The prize does not have any cash value, there is no cash alternative and the prize is non-transferable.
7. LawRato reserves the right to change/ modify the terms and conditions of this offer or to withdraw this offer at any point in time if circumstances arise beyond our control.
8. There is no participation fee.
9. LawRato shall not be responsible for any loss or damage if it has to discontinue or cancel the Contest in compliance with any law, ruling, order, regulation, requirement or instruction of any Central/State Government or for any other unavoidable reason beyond its control. The participants shall be informed of such discontinuance/ cancellation at the earliest.
10. By entering the contest, the Participant agrees to be bound by these terms and conditions.
11. LawRato is not responsible for participant not being able to understand the contest mechanics or for his/ her interpretation of the same. No correspondence in this regard will be entertained.
12. The Winner(s) will be intimated through their registered email and / or phone.
13. Participant Confirms and Acknowledges that once the answer is submitted the same cannot be withdrawn by the Participant for any reason whatsoever.
14. All taxes, if any, which will incur on the participants and/ or winner will be borne by the participants and/ or winners alone and LawRato shall not be liable to bear the same. The participants and/ or winners undertake deposit the same with LawRato.
15. None of the provisions of these Terms and Conditions shall be deemed to constitute a Partnership or Agency between Participants and LawRato and Participants shall have no authority to bind LawRato in any manner whatsoever.
16. LawRato accepts no liability for any errors or omissions, whether on behalf of itself or any Third Parties.
In no event LawRato shall be liable for losses or any incidental or consequential damages arising out of or in connection with the Contest, its services or this Agreement (however arising, including negligence).
17. Participants shall be solely responsible for any consequences which may arise due to any kind of Infringement of Copyrights or any kind of Intellectual Property Rights belonging to any other Person / Entity etc. and also undertake to indemnify LawRato its Directors, Officers, Employees, etc. on the happening of such an Event (including without limitation cost of Attorney, Legal Charges etc.) on full indemnity basis.
18. The information is deemed to be voluntarily supplied during the course of Participation and personal information provided by the Participants will be deemed as non-confidential, which hereby discharges all obligations of confidentiality. LawRato shall be free to reproduce, use, disclose and distribute the information to Third Parties without limitation.
19. Notwithstanding anything to the contrary contained in this terms and conditions and any circumstances whatsoever, LawRato shall not be liable for any incidental, ancillary, direct, indirect, special or consequential damages including but not limited to lost profits or injury or death, whether in contract or based on any theory of liability.
20. If the operation of the contest or the contest is prevented by Force Majeure event, LawRato may cancel all or any part of the contest without any liability to any person whatsoever.

Regarding Personal Loan Default. How to do settlement?

Similar questions

Recovery Lawyers in India

Advocate Prashant Mendiratta

Advocate Prabhjit Jauhar

Advocate Jaspreet Singh Rai

Advocate Harish Malhotra

Answers by Our Lawyers

Latest News Articles

Quick Consult

Ask a Free Question

Find a Lawyer

Get Fee Estimate

Regarding Personal Loan Default. How to do settlement?

Similar questions

Recovery Lawyers in India

Advocate Prashant Mendiratta

Advocate Prabhjit Jauhar

Advocate Jaspreet Singh Rai

Advocate Harish Malhotra

Answers by Our Lawyers

Latest News Articles

Quick Consult

Ask a Free Question

Find a Lawyer

Get Fee Estimate

Contact

LawRato's Jolly LLB Contest Terms and Conditions