Legal Question in Banking Law in India
I have a personal loan of 6 lacs taken a year back.i took it for a friend who refused to pay the emi and left the city.as the loan is in my name im liable for it.i paid the emi for few mths then cudnt pay as i cant pay an emi of 15318 every mth.plus my family wants me to get married and my husband will not pay my loan and plus he will not let me work after marriage as they r very orthodox.What do i do? How much settlement can i expect or negotiate for?its been a year since i had this loan.
Asked on 6/27/15, 3:09 pm
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
30.06.2015
Dear Sir / Madam,
You should approach the Bank to negotiate and decide the loan settlement. The settlement amount will depend on the loan conditions and the Bank's loan policy.
Regards,
Answered on 6/30/15, 6:44 am
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