Legal Question in Credit and Debt Law in India
For upto what least amount the loan of 8.5 lakhs can be settled down? My salary is 10,000 bucks and the entire loan was pre - approved?
Asked on 9/16/09, 2:04 pm
1 Answer from Attorneys
Seshadri Srinivasan
www.lawconcern.com
You will have to issue legal notice and see how much of this Rs 8.5 lac is actual principal.Based on that and whether the loan is secured or not you can ask and GET a fair discount to the demanded Rs 8.5 Lacs
S.Seshadri
emails:
Chennai Phones:98403 20808 /28515229
Answered on 9/17/09, 3:29 am
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