Legal Question in Banking Law in India

personal loan

i have took a personal loan of 60000 from bajaj finance.

but now i m not able to pay this emi of 3098. i have no job from last 4 months.

now in this case what i have to do ?


Asked on 4/20/09, 2:51 am

5 Answers from Attorneys

Fahri Toga TOGA//OKSUZ

Re: personal loan

We think that we can help you to solve your affairs forthwith, please send us your documents or write an detailed e-mail in order to notify the circumstance. We checked over the documents thereafter, we will return your added phone number,e-mail or address,as soon as.

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e-mail : [email protected]

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Answered on 4/21/09, 8:46 am
J. Radhakrishnan independent Practice

Re: personal loan

If u are unable to pay the loan, if u have no properties, you don't have to worry. If u have properties, the Bank will try to recover the loan by suit. Applying for insolvency is one option. But that would debar u from employment in a financial institution.

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Answered on 4/20/09, 9:17 am
Pranav Desai PD Legal & Associates

Re: personal loan

You shold approach the bajaj finance person and request them to reschedule your loan.

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Answered on 4/21/09, 1:34 am
Aniruddha Pawse Aniruddha.P.Pawse Advocates

Re: personal loan

you could ask them for time

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Answered on 4/21/09, 2:20 am
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: personal loan

You should sell your assets and pay off the loan as soon as possible;

alternatively, you may make efforts for a settlement with the lender and request them to defer payments.

It is a very serious issue and you may suffer a bigger problem if the matter is not settled.

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Answered on 4/21/09, 3:13 am


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