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Mohan Dass   29 April 2019

EMI default

I received business loan from a bank against mortgage of my house. For the past 3 years paid EMI regularly. This month only I could not pay the EMI on 4/4/19. I can pay that amount before the due date of next EMI on 4/5/19. But the collection people from the bank came to my house and shouting and forced me to pay immediately. Also threatening me to take action under section 25. Is it correct ?. please advise me what I have to do.


Learning

 1 Replies

Shashi Dhara   30 April 2019

The court has warned the banksthem to sending goons to recover loan.u may approach local advocate on this matter.

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