Emi relaxation
Nitin
(Querist) 12 August 2025
This query is : Resolved
Hello experts,
I have taken 3 4 personal loans from apps live Aditya Birla, Paysense, Navi, BajajFinserve. EMIs were going well but from last 3 months I lost job as many in IT. Now it is becoming difficult to pay EMIs. The day EMI bounces, the recovery agents call and threaten to come home and recover their way.
I want to ask if there is any way I can ask Loan companies to give me relaxation for 2 3 months and till then I will join another job? Is there any legal provision?
Thank you.
Isaac Gabriel
(Expert) 12 August 2025
You can seek time to repay the EMIs. explaining your predicament. But you think of alternative means to settle it.If no security is given, the banks might consider your request and relax the EMI and suitably rearrange.
kavksatyanarayana
(Expert) 12 August 2025
You can request the authorities of financial institutions and inform them of your problems, asking for some time to repay the EMIs. Legally, you cannot avoid it, and an amicable settlement is preferable.
