I had taken a personal loan from kotak mahindra bank in 2017 for 5 years and paid approx 12 month emi. Due to some financial problems that time i could not paid the emi till now 2021. I am Requesting continuously through mail, telephonic to bank to restructuring my loan and waive off the penalty charges, I am ready to pay but they are not listening.
I want to cancel ECS on my account which is continuously bouncing from 2018 to 2021 till now.
Until they will not restructure and reschedule my loan, I am not going to pay.
I will not ready to listen Bank terms and conditions until bank will not listen me.
A.Hi,
More information is required regarding the terms and conditions of your loan agreement.
However, it will also depend upon the policies of the bank.
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Ayantika Mondal @ Prime Legal
Responded 3 years ago
A.Hi,
It depends upon the terms and conditions of your loan agreement.
Kindly specify more details regarding the same, so that we can advice you properly.
If you find this answer helpful, please rate us.
Dear Sir,
You may get issue a legal notice to the concerned Bankers and the Head office and initiate legal action and claim huge compensation for not securing your account details which are private de...
Dear Client,
Your query requires more details to address it suitably. You expressed your concern but not a cause of action behind that concern that attracts a legal remedy. It is a virtual platform w...
Dear Client,
You need to adhere to the payment of EMI and interest rates as provided by the financial corporations to settle the loan amount. In case of a financial crisis, you can contact the manager...
Dear Client,
Once a donor or owner of the property gifted the property to the donor through a registered deed of gift, the property becomes the self-acquired property in the hand of the donee who beco...
Dear Client,
Once a borrower fails to repay his debt, the Lenders/FIs initiate a routine course of action for recovery of the loan/debt from the borrower. You may negotiate or settle your dues agains...
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