Regarding personal loan

Querist : Anonymous (Querist) 12 April 2018 This query is : Resolved
if someone took 2 personal loan but unable to pay the emi now but after 6 months he can be able t pay emi can bank do something legal against him

Follow Query

Report Abuse

Adv. Yogesh Pawar (Expert) 12 April 2018
What is your real problem, mention brief facts.

SHIRISH PAWAR, 7738990900 (Expert) 12 April 2018
Bank may initiate recovery process if you default in repayment of EMI. It is advisable for you to contact bank and repay the bank dues as now you are able to repay the EMI.

Kumar Doab (Expert) 12 April 2018
If within/after time period posted by you the laon/debt a/c is not performing satisfactorily then lender can act as per IT’s SoP in accordance with guidelines from regulator RBI and also IBA, BCSBI..
Have you issued any undated signed cheque?
Is IT secured against any asset of yours?
It is entirely between borrower and lender to agree on min. payment/rescheduled payment.
Check with lender.

Kumar Doab (Expert) 12 April 2018

Pls post with your ID and you can get many replies. Also draft properly so as to convey a clear message.
Your ID does not mean your email id or phone number and don’t post these also.

Kumar Doab (Expert) 12 April 2018
Similar query is posted for CC at;

http://www.lawyersclubindia.com/experts/Regarding-credit-card-non-payment--678186.asp

If the other query is also by you and the bank is same then IT can pool all debts..