Legal Question in Credit and Debt Law in India

Hi, I am little stcuk in financial crisis, i have a personal loan, due to financial crisis i will be not able to pay emi for 6 months.. is there any way u can get time from banks for 6months and i can restart paying my emi's.. please help..


Asked on 4/13/10, 7:47 am

1 Answer from Attorneys
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

No, there is no legal way. You may need to speak with your bank and assure them about your good intentions to make payment after six months; meanwhile, you may provide them some security so that they are sure of the payments in due course.

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Answered on 4/20/10, 6:33 pm


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