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Q.I’m not paid the emi of loan of (48 months) from 2005, I don’t contact with bank not paid of emi of...

Q. I’m not paid the emi of loan of (48 months) from 2005, I don’t contact with bank not paid of emi of loan from 2005.

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Anonymous

posted 4 months ago

I’m not paid the emi of loan of (48 months) from 2005, I don’t have contact with bank from not paid of emi of loan from 2005. But now they suddenly call to after 13 years and said “we have settlement for you , pay loan before 26/11/2018, otherwise your children will face problems in future” . We asked time to pay they don’t give the time and the give 7 days to pay for loan. But they said if you not paid your children will face problems, so worried about my children. I don’t have money to pay the loan. What I have to do , please help me before they take any action to me or my children.
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A. dear client kindly go through ant local lawyer for resolution.

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Deepak Bade

Experience: 9 Year(s)

Responded 3 months ago

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A. contact a local lawyer from Vidhikarya

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ROBERT D ROZARIO

Experience: 15 Year(s)

Responded 4 months ago

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A. Dear Client,
Bank is not a Charity.They are commercial organisation.They will get their money back with interest.
But,they have offered to settle means it is a positive indication which is called OTS ,One Time Settlement.If you do not have money, go and take to the Manager and ask for extra time and finally you have to pay or Children have to pay failing which property may be auctioned.
Shanti Ranjan Behera
Advocate

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Shanti Ranjan Behera

Experience: 22 Year(s)

Responded 4 months ago

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A. Dear Sir,
Understand that every money recover process must be started within three years from the date of outer limit of repayment or renewal. If you have not renewed or executed any other document then they cannot claim after 13 years. Get all the documents from them and defend in the Court it will take another 3 years to decide.

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A. Dear client, you havenot mentioned the full factsof thecase. For details, pl.contact some advocate through vidhikarya.com.

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Rajender Prasad

Experience: 5 Year(s)

Responded 4 months ago

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A. Dear sir please maintion . Which type of loan u was taken. Like properties against.or personal lone.

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Rameshwar Dadhe

Experience: 2 Year(s)

Responded 4 months ago

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