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Unable to pay Personal loan emi due to job loss
24-Apr-2025 (In Recovery Law)
I have been put on notice from my employer and dont have a buffer .I am Unable to pay Personal loan emi due to job loss
If you do not pay the said EMI for a period of around 3 months, your account shall be declared as NPA (non performing asset) and there is a chance that the financial institution may take legal actions against you. However, the same can be settled, and the account may be regularised if communicated well about your intentions of repayment with the financial institution.
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Adv. Chanchal Singh
Mumbai | 100+ Answers
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