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Unable to pay emis need time for payments


06-Jul-2025 (In Recovery Law)
My name is dharani I have lost my job 4months ago I have pay my personal loan of 7k and 2k consumer durable loan i was unable to pay now can I get time period upto 2months
Answers (2)

Answer #1
994 votes
Hi Dharani considering your current financial heardship due to job lost you may formally request the lender for a moratorium for an extinction of repayment under humanitarian grounds. you can write a letter explaining your situation and request a Grace period of 2 months additionally. If the Lander agrees ensure you get written confirmation of the revised repayment schedule .
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Advocate Pavani Kumari

Adv. Pavani Kumari

LawRato Guntur | 400+ Answers
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Answer #2
611 votes
Yes approach to an advocate and he will send a notice to consumer banks and request for time period for 2 months and you get the time for 2 months approach us we will help u and also we speak to this consumer banks and will try to take time
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Advocate Rajkiran Govindcar

Adv. Rajkiran Govindcar

LawRatoHyderabad | 700+ Answers
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