Not able to pay my personal loan emi since last 9 months

pankaj (Querist) 12 February 2016 This query is : Resolved
I took a loan from hdfc bank of 200000 in january2014 and lost my job in june 2015 after that i have lost my job and i am still jobless. and i have not paid the emi since 9 months . loan duration is 3 yrs.
now recovery agents are chasing me like anything.

i m still not in condition to pay emi..
plz suggest me what should i do......

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SURESH BV, Advocate (Expert) 12 February 2016
Dear Pankaj,

There is no way to avoid. However, you may explain the present financial condition to the Bank and not take extreme step. Interest will be mounting, for which you can always negotiate with the Bank. Try to re-pay the loan.