Legal Question in Banking Law in India

I have obtained a PL from HDFC for Rs 12665 EMI for 36 months from FEB 4, 2013.

Due to loss of job for 3 months from JUL 2013 to OCT 2013 i could not pay EMIs.

Til date i am paying EMIs lately and completed 27 installments lagging by 2 EMIs .

I am getting notices for Rs 44300 every month demanding to pay it within 7 days.

I am ready to pay all dues and remaining money once i complete all EMI that is after FEB 2016.

Bank is constantly sending notices to my parents residence as that is my permanent address and they are not ready to re schedule the loan also.


Asked on 7/26/15, 10:56 pm

1 Answer from Attorneys

Fca Prashant Chavan Expert Edge LLP

27.07.2015

Dear Sir / Madam,

You should go and meet the concerned Manager at the Bank and discuss the reason for their sending you notices, and settle the matter.

Regards,

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Answered on 7/27/15, 3:21 am


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