Legal Question in Banking Law in India
Hi,
I was not into job from last 3 months and didn't got the salary. Due to this there are three EMI's which are due again my Personal Loan A/C. I have already reported it to bank. What would be the actions which bank can take.
Regards
Aman Sahni
Email: [email protected]
Mob: +91-7065153065
Asked on 10/21/15, 3:11 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
21.10.2015
Dear Aman,
Bank will recover interest on the delayed EMI payments from you. I suggest you start repaying the EM's at the earliest to avoid getting into legal recovery hassles with the Bank. Your CIBIL rating will also be affected.
Regards,
Answered on 10/21/15, 5:47 am
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