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vinothkumar (agri)     02 October 2012

Ots on home loans

if the outstanding principal amount for home loan is 27 lakhs and the interest is 4 lakhs and if the loan is in npa,how much amt that i can settle with the bank thro' one time settlement if there are no bidders to purchase my property in the aution...



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 1 Replies

Nalini Mogale (Legal)     15 November 2012

It is entriely on the policy of each Bank/ institution/Housing Finance Company to decide at what amount can the loan be settled under OTS.


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