Unable to repay the amount taken as zip pay later on mobikwik app
Unable to repay the amount taken as zip pay later on mobikwik app
What should I do as I was unable to pay the amount taken as zip pay later due to job loss and medical emergency of my wife as the also sent me legal notice
2 months ago
A. Dear client
As you have taken a loan you have to pay it back.There is no alternative to it but you can do is file an application to delay the payment reback procedure.
Sometimes depending upon the clause, you need to go for either arbitration or any other way out.
Send a legal notice to the loan giver authority/agency and request for time.
Legal notice - loan amount of 9500 rupees
I have taken a loan amount of 9500 rupees. With charges the loan amount has been increased to 21230 rupees.Right now I am unable to pay due to unemployment or other issues. The lender had given a lega
7 months ago
A. Dear client,
The legal notice needs to be replied within the expected time if not done so then it will be considered as beneficial for the person sending the legal notice. Request him for asking more time to repay the amount.
Debt from private money lender
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
1 year ago
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.
OR
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.
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
1 year ago
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
How can i lend money LEGALLY to one of my relative who is in need?
How can i lend money LEGALLY to one of my relative who is in need? Can i charge any interest on such amount, How much?
2 years ago
A. Dear Client,
You can execute a loan agreement with definite terms and circumstances of the loan on a stamp paper and get it notarized and get it signed by both, borrower and lender, and two witnesses.
Thank you
Vaidehi Samant
loan settelment
i have taken loan from private NBFC 150000 2018. now i have paid all emi till date. maximum emi paid by cash to lender. now lender says you have to 42000 more for late payment charges.
2 years ago
A. Dear Client
When you paid the EMI in cash then did you take a money receipt from the lender as a proof of the payment being made? If yes, then calculate all that you have paid and see if still there are some pending amount or not.
If you not taken the receipts then its a difficult situation to prove that you have paid.
Loan Repayment -from Finance Agency
My wife had given loan to her brother after taking from Finance Agency like Bajah,Aditya Birla Finance to the tune of 13 lacs. He was in need and had promised that he will repay that within a year. Sh
2 years ago
A. Dear Client
You will have to create the evidences showcasing that the brother has taken loan from your wife by sending him a legal notice and showing the banking transaction. Once you are able to do that then ask him to repay the loan.
Investment Agreement Over Email to gain others Finance
Hi Team, I made a Lending Agreement with a Person [Educated from IIM], over email, where we signed it using Photograph of Our Signature [PDF Agreement]. As per the agreement, he is supposed to give a
2 years ago
A. Keeping PDC is good option as security but it depends upon whether you and the concerned person have kept any physical contact or things are completely taking place online and such terms are usually specified in the agreement and should be included and also clauses pertaining to disputes and where and how action will be initiated in case of dispute etc.
Thank you.
If you have found the answer helpful than please provide review and give ***** as appreciation.
Vaidehi Samant
Complain against money lender
My father has taken loan of 1 lakh rupees on August 2019 from a non licensed money lender at the interest rate of 10% per month and after that my father having financial issues but the pay the interes
2 years ago
A. Hi,
You don't give the money unless until he shows you the proof. If he threatens you, please file a police complaint. You can sue him in court for mental harassment and criminal intimidation under IPC. Please contact a lawyer.
Please rate my answer
Thank You
Advocate Sinjari Bandyopadhyaya
Borrowed money by signing blank stamp paper
Dear Sir/Madam, My Father and mother borrow a money from a person nearby my house in 2010 and 2013 as amount of 1 lac and 30 thousand respectively also signed on blank 50,20 rs stamp paper.in end of 2
2 years ago
A. Dear Sir,
You need not give any further amount. Those documents are time barred and no suit can be filed on the basis of such documents. Simply he is threatening you on the basis of such invalid documents.
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