Legal Question in Banking Law in India

sir, i took home loan of 2 lakhs before 10 years, i am not repay in schedule order, but i paid up to rs 1.67 lakhs, now they send me u/s 13(2). and demand 2+ lakhs, my property is not registered yet, what i will do ?


Asked on 1/28/14, 4:35 am

2 Answers from Attorneys

if you are a defaulter you may overdue interest which is very high hence theis amount. please negotiate with the bank and try to repay the amount .you can negotiate the amount with them

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Answered on 1/28/14, 7:30 am

You may give the reply of the notice and seek some more time to repay your loan, you may also negotiate with the bank.

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Answered on 1/28/14, 9:43 pm


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