due to sudden financial crisis, EMI could not paid for 4 months and got a Notice under sardesai act 13(2) for a mortgage loan.
Q . can we write to waiver extra charges and penalty?
Q. can we request for restructuring of loan to reduce EMI for for easy monthly installment?
Q. will it be a good idea to pay all due amount ?
Q. what amount we can offer for OTS on a 8.5 Lakh loan amount?
Q . any other suggestions for relief in such case.
Thanks a lot respected forum members.
It is advisable to get the loan account settled amicably where interest and penalty can be waived, deferred payment of the settled amount / EMI can also be requested if you cannot deposit settled amount in one time, where financier shall be willing to accept such proposal.
