personal loan
zenith
(Querist) 26 May 2010
This query is : Resolved
Hello,
I had taken loan form MNC bank in 2005 80,000/, 10 months i pain the EMI, after that i lost my job and unable to pay the loan.after some time i changed the address and phone numbers, i have no contacts with them. recently i joined one company which gave me the same bank salary Accout. after few months, they deducted some money from my Accoubt stating that u had taken loan from our bank in 2005 towards that amout they some money,what should i do right now, because i had given my address and phone number.
If i need to pay the amount or make settlement how much money i need to pay like the amount i have taken or any interest.
please guide me,it's urgent.
Regards
A V Vishal
(Expert) 26 May 2010
Repayment will depend on the amount outstanding along with interest & PENAL INTERESTS & costs, therefore, it would be difficult to suggest what would the settlement amount would be. Since they have deducted the amount from your account, the loan is revived and the bank can initiate civil & CRIMINAL proceedings against you for evading repayment of the debt.
Raj Kumar Makkad
(Expert) 26 May 2010
It is the gentelmanship to return the loan taken either from any person or a bank as undertaken. As you are now employer so negotiate with bank and try to pay lumsum amount or in EMI as per settlement.
Raj Kumar Makkad
(Expert) 26 May 2010
It is the gentelmanship to return the loan taken either from any person or a bank as undertaken. As you are now employer so negotiate with bank and try to pay lumsum amount or in EMI as per settlement.
Pankaj Kundra
(Expert) 28 May 2010
The bank has the right to lein and debit the amout of the loan from your account .. meet the bank officials tell them your problem and ask for one time settlement or if not in good financial condition ask for some installments ..
