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Bank sent Legal Notice to Pay Personal loan from Advocate
3 years ago
Hi, Due to Covid19 I lost the job and I taken the loan moratorium facility and now I sent request for loan restructuring to Bank instead of solution. Bank sent me legal notice LOAN RECALL / TERMINATION OF AGREEMENT. Bank name is loantap and NBFC, I taken the loan 5lack, Jul18 and was paying the EMIs till Feb'20 before lockdown. Please let me know what should i do ?
A.Hello,
Primarily, a reply to the notice should be sent clarifying your financial situation
Primarily, a reply to the notice should be sent clarifying your financial situation
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Ayantika Mondal @ Prime Legal
Responded 3 years ago
A.Hi,
At first you should send a reply to legal notice describing your side.
At first you should send a reply to legal notice describing your side.
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Pradipta Nath
Responded 3 years ago
A.You will have to repay the loan amount. You better represent your condition via an Advocate.
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