Legal Question in Credit and Debt Law in India

Personal Loan
Sir,
I am holding personal loan from 5 private banks. Details are as follows
1. ICICI Bank - EMI - 1864, Balance Remains - 18000
2. CitiFinancial - EMI - 3329, Balance Remains - 33000
3. HDFC Bank - EMI - 5689, Balance Remains 127000
4. Barclays Bank - EMI - 4776, Balance Remains - 135000
5. Deutche Bank - EMI - 6390 Balance Remains - 170000
Till last month my payment record was too good as my income was proper, now from this month I am not able to pay this much amount but I can clear off ICICI's 18000, Citi's 33000 immediately and other 3 banks @ Rs.1500/- Per month.
What I have to do for this and can banks allow me to do this. Is there any such law for this.

Regards,

Asked on 4/16/09, 2:18 am

Homi Maratha N.N. Maratha & Co.-Advocates

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Re: Personal Loan

I will advise you to approach the Bank concerned officers for the same.

Answered on 4/17/09, 6:16 am

0 users found helpful

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Re: Personal Loan

For getting solution you have to contact personally.Professional charges are applicable.

Answered on 4/17/09, 8:35 am

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