Home loan and NBFC finance loan installment bounced
Home loan and NBFC finance loan installment bounced
i am not able to pay loan installment because of job loss
9 months ago
A. Dear Client,
You need to approach the concerned Bank/NBFC, because your query completely depends upon the discretion of the concerned NBFC/Bank from where you avail the loan. Usually, Bank did not allow such requests of borrowers on the ground of their inability for any reason which is contrary to the general terms and conditions of a loan agreement and the standing rules and regulations of the lending NBFC/Bank. So, you can at least approach the concerned NBFC/Bank to access their views and i ...ReadMore
I checked my Bank Balance
Hello Sir/Ma’m, Yesterday in Morning I checked my Bank Balance have some -ve balance and received amount from some party is freeze in bank account. Today I went my bank and they informed me that som
9 months ago
A. Dear client,
Bank sometimes freezes your account if it detects any sort of illegal activity on the instructions of the Police. Please go to the Police station with your lawyer and apply to unfreeze your account
Two wheeler loan
IDFC Bank people have taken my bike. I want my bike splendor back. What can you help me with in this?
9 months ago
A. Dear Client,
A loan is termed NPA typically after 3 missed EMis (i.e. three months of not repaying on loan). Given this, no bank will initiate the seizure of a vehicle before that. Once the loan account becomes NPA, it is up to the lender how soon to initiate repossession. If there is a guarantor involved, the bank may first reach out to the guarantor. The Supreme Court has warned financial institutions and banks against forcible taking away of vehicles under hire-purchase agreements when there ...ReadMore
Education Loan
Hello there, my brother is doing btech from a college in Dehradun so, I wanna ask that bank is offering 15L loan with collateral and vice ver. in 7.5L, it would be better if we take loan of 7.5L from
9 months ago
A. Dear client,
To avoid numerous legal formalities, ambiguity and confusion and pledging additional collateral security for two loans, we would advise you to take loan from one single bank
A. Dear Client,
There could be a variety of reasons a bank could lock a customer’s account by making it a lien account and the lien marking. Some important reasons are: maintaining a minimum balance in the account, When the account user is not able to pay the EMI or loan repayment on time, If the bank found any issues with Cheques or Drafts then the bank may put a lien on the account,, suspicious activity on the bank account then they can freeze your account and can put a lien on the account, ...ReadMore
Resign from my employee
I have resign from my present employee and serve notice period for three months to join another organisation. What legal action can I take if I did not get relieving on time and if I cannot join the j
9 months ago
A. Dear Client,
When you have tendered your resignation from the Company or Employer following the terms or contract of employment serving 3 months notice period, the Employer/Company is dutybound to relieve you on expiry of the notice period along with F & F Settlement dues. In case of delay or denial of the issue of relieving letter on time by the employer then such a lapse may be termed as unfair labour practice as laid down u/s.2(ra) and Fifth Schedule of the Industrial Dispute Act, 1947. If ...ReadMore
Paytm asking Fir for unknown multiple chargeback requests
My acc. Blocked by paytmsaying multiple chargeback requests are raised against same merchant. So they blocked and asking for Police FIR copy with physical stamp n sign. But i am unaware of that reques
9 months ago
A. Dear client,
If you know the person who did it, you can send him a legal notice. However, we would advise you to file a Suit under the Information Technology Act
I loss my job unable to pay emi amd loan
I loss my job unable to pay emi amd loan
9 months ago
A. Dear Client,
If you do not repay your loan, the lender can take you to court. The court will then require that you pay back the amount in full or face other penalties such as wage garnishment or seizure of assets.
However, as per banking rules, these are the few ways in which banks can help a loan defaulter. In these cases the bank will follow the rules specified as per SARFAESI Act.
LOWER THE EMI: Banks can lower the EMI in two ways: (a) by increasing the loan tenure, (b) by converting non-s ...ReadMore
A. Dear client,
You should immediately approach the concerned cyber cell department where the complaint has been lodged against your bank account along with an advocate. Meet with the Investigating Officer and enquire about the exact complaint and try lodging a counter complaint
Guarnter property on not single name.
My father is guarnter for some loan he is unable to pay the loan, now the bank has send notice to us on fathers name. Our property is build by my father and uncle and the flat is on both the names. S
9 months ago
A. Dear Client,
Once the borrower fails to repay a secured loan, Bank started the routine process to recover the loan from the borrower marking it NPA, and in the case of a secured loan, the Bank has to exhaust all the remedies available for recovery of debt lying unpaid against the borrower failing which, the lender Bank can take action against the surety/guarantor for recovery of outstanding debt of the borrower. When the property is jointly owned by the Borrower and the Guarantor, on the failure ...ReadMore
