Kishht loan repayment
1 year ago
I had taken loan from kissht app of rs 8000 and didn't pay back now the agent are calling me to pay the loan bank after 6 months what should I do? I can't pay the full amount at this time not even half of it and what happens if i don't pay my loan at all. They are blackmailing me that their recovery agent will come at my home for recovery
A.Hello Client,
You need to Inform the authorities via mail of the current inability to make loan repayments and seeking a temporary EMI holiday is one of the options with borrowers. A borrower may face financial difficulties in case of a job change or a temporary loss of employment. they may accept such genuine reasons, however, they may impose penalties for the delayed repayment.
you can consider requesting for a reduction in the monthly outgo. They can do so by approaching the lending institution and requesting them to extend the loan tenure. This can reduce the monthly EMI amount, though it can mean higher interest outflow. Once your financial situation is stable, you can increase the EMI amount to previous levels.
Thanks & Regards
You need to Inform the authorities via mail of the current inability to make loan repayments and seeking a temporary EMI holiday is one of the options with borrowers. A borrower may face financial difficulties in case of a job change or a temporary loss of employment. they may accept such genuine reasons, however, they may impose penalties for the delayed repayment.
you can consider requesting for a reduction in the monthly outgo. They can do so by approaching the lending institution and requesting them to extend the loan tenure. This can reduce the monthly EMI amount, though it can mean higher interest outflow. Once your financial situation is stable, you can increase the EMI amount to previous levels.
Thanks & Regards
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