Legal Question in Banking Law in India
sir, i had taken a personal loan from a bank & i continiously defaulted the checks & was paying the instalments physically to the collection agent for one year and after that i stoped paying the loan. Still there are two years of repayment is pending.Now i want to repay the loan with the same EMI scheme will there be any problem
Asked on 8/30/09, 7:42 am
2 Answers from Attorneys
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
You may contact the Bank for settlement of these issues.
Answered on 8/30/09, 8:31 am
J. Radhakrishnan
independent Practice
Apply to the bank for rephasing the repayment schedule, explaining the circumstances under which you were in default earlier.
Answered on 8/30/09, 10:30 pm
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