23 November 2020
I had taken a personal loan from Axis Bank. For few months EMI was correct. Unfortunately everything turned upside down when I joined a new company. There was a hike of Rs. 8000/- so I thought my emi can be paid without effecting my family expenses. But the salary I used to receive in my new company was in installments. I couldn't pay my emi properly. They had sent a legal notice. The due amount is 2,87,000/-. For last two and half years my salary was in installments except one month. Due to this issue I left the job and has joined another start up company. I had asked them for one time settlement of Rs. 1lac but they negated it. I have received a recall notice from their advocates through mail on Saturday. I don't know what to do. I don't have any money to pay. One lac was offered by my friends but now when asked they refused. Please advise Sirs.