86+ Lawyers are online 
Unable to pay home loan EMIs for Mortgage Loan
30-Dec-2023 (In Recovery Law)
What if I am unable to pay home loan EMIs further. What action will be taken by bank against me, Can they file fraud case against customer?
Also, what after loan becomes NPA? After NPA, if customer wants to pay EMIs then what??
Sir, the bank may send legal notice for payments. If you are still unable to repay your dues, the bank reserves the right to initiate the process of auctioning your property to recover it's dues as allowed by the legal framework of the SARFASI Act of 2002.
Helpful?
Adv. Shikha Gupta
Delhi | 100+ Answers
CONTACT NOW
Better option is to sent an appropriate reply to the bank before they initiate any legal action against you. be it be DRT proceedings, arbitration or loan recovery process. Since once the reply is sent you will get the room for negotiation and this is highly recommended.
Helpful?
Adv. Yuganshu Sharma
Delhi | 400+ Answers
Chat
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 Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Recovery lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
