Legal Question in Banking Law in India
hi,i take a vehicle loan 19 lack 95 thousand through indusind bank...and my contract period was 43 months.my contract period was expired......and i almost paid above 95 persent of loan amount with its interest.please tell me can bank seized my vehicle
Asked on 1/30/17, 10:14 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
30.01.2017
Dear Sir / Madam,
It remains at the Bank's discretion whether to insist on your repayment and settlement or waiver of the remaining 5% outstanding loan. The Bank retains its claim to dispossess you of the vehicle till the loan is cleared.
Regards,
Answered on 1/30/17, 10:32 am
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