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Q.Non payment of EMI of personal loan.

Q. Non payment of EMI of personal loan.

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Anonymous

posted 2 months ago

I took a personal loan which now I am not able to pay the EMI of it for last 3 months. What action can the bank take against me?

Showing 7 of 7 Responses

A. Dear client kindly go and visit your bank authority for your issue.they will be help you to issue some more period for instalment.

Deepak Bade

Experience: 9 Year(s)

Responded 2 months ago

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A. dear sir, you have not mentioned the fact whether the bank has any thing in security,if any will be attached. For details contact some advocate through vidhikarya.com

Rajender Prasad

Experience: 5 Year(s)

Responded 2 months ago

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A. Nothing. Just calls you. Ask them to go to civil court

Kishan Dutt Kalaskar Retired Judge

Experience: 33 Year(s)

Responded 2 months ago

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A. Dear client tell me in whose surity bank granted u loan ?
what is motgaged with bank ?.

Vishwabandhu

Experience: 38 Year(s)

Responded 2 months ago

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A. Kindly share facts in detail to get best possible solutions.

ARPIT BATRA

Experience: 11 Year(s)

Responded 2 months ago

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A. By advocate Rameshwor dadhe dear sir it is against the property or personal lone it's dependent on lone

Rameshwar Dadhe

Experience: 2 Year(s)

Responded 2 months ago

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A. Dear Client,
As I understand Bank is not a Charity.
Banks are commercial organisations and earning profit is one of the objectives of the Banks.
I presume you must have an agreement/contract with the bank and you will be governed by that.Please go through the copy which you must retained and act accordingly.Nothing more or nothing less.Action will be taken as per the law.
Shanti Ranjan Behera, Advocate

Shanti Ranjan Behera

Experience: 22 Year(s)

Responded 2 months ago

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