I had borrowed from DHFL for buy a flat in Faridabad in 2012. Within 2 years the project went off the rails and virtually nothing is constructed apart basement. The builder was sent to jail and now th
My father has 7 Lakh outstanding for his personal loan . He expired on 13 th December . Bank is telling he has done insurance against the loan. Do I have to pay the money as his legal heir ?
My dad borrowed some money from private lender. He gave money on daily basis. So we were not able to give back few EMI's on time because my father went through an accident. Few days back my father wen
I applied for a loan of 50000 at that time they asked me to pay certain fees which is refundable,i also paid by arranging it ...they are asking more and more ammount still ,i can't pay it but they are
A. Hello Client,
Kindly show your related documents to an Advocate, if they are not considering your cancellation of loan application then before the amount is disbursed in your bank account send them a legal notice.
Thanks & Regards
I have a loan with Prefr who I took a loan of 1,42000. But due to some financial problem the EMI are getting delayed
A. You should immediately intimate the said financial institution regarding your financial crisis and ask for some time or any other remedy otherwise if you fail to pay consecutive three EMIs then the said financial authority may sue you for not paying the EMI on respective schedule.
Can the bank start legal proceedings if they have sold the asset through Sarfaesi act for 2-3 Lacs lesser amount due to Covid period. The bank on call has said that they want to recover amount around
A. Dear Client,
According to the law Breach of contract when it comes to loan repayment itself is not a crime but lenders can approach a civil court in order to recover the same. If a loan has not been repaid for more than 180 days, the lender is allowed to file a case against the borrower under Section 138 of the Negotiable Instruments Act of 1881.
I have borrowed 2,20,000/- from a private money lender. And have been paying interest @ 3% for past 6years. I work as a delivery boy and in a deep financial stress. I am unable to pay interest but try
A. Dear client,
As you have agreed to pay 3% 6 years ago and you have paid for past 6 years, you will have to continue paying accordingly. You can do the following:
1. Get an exact idea of the total amount due.
2. Prioritise and ensure timely payment of debt.
3. Consolidate loans.
4. Try settlement of loans with your lender.
You can file a complaint with the NBFC Ombudsman by writing on a plain paper and sending it to the concerned office of the NBFC Ombudsman by post/fax/hand delivery. You ca ...ReadMore
Hi i have a loan finance for car on my name . Actually my husband has lender money from someone and he was not able to pay them back so made them purchase a car instead of paying money. The car loan i
A. For the first 3 months (90 days) of not paying your EMIs, you are only charged interest on your dues and will receive continuous reminders from the lender to clear your dues.
If you fail to pay your EMIs for 3 consecutive months, lenders consider it as a default and take action. The lender will then send you a notice of default, giving a period within which you must repay the outstanding amount or lose possession of the asset (car) that you have provided as collateral.
If you are unable to pay ...ReadMore
Hello I am Holika from ranchi my brother took a apachi bike on emi of 4123 rs for 30 months he paid 15 month emi but this month he delayed to pay emi because his salary come late . For one emi delay l
A. Dear Client, sorry to hear that. However, there is a solution to your problem.
In this situation you can resort to the police station and can file a complaint. This must be a primary move before taking more stringent action. In case, there is no relief from the police or they do not file the complaint, then the client can even move to the civil court and can plead for relief. The court, in this case, can rule in favour of the client and can order the agent not to resort to unauthorized and ill ...ReadMore
When I was overseas, a friend who is known to me for 30 years+ called me on WhatsApp and asked for an emergency temporary loan of Rs. 1,00,000. In good faith, I transferred the amount to his bank acc