regarding personal loan

monika (Querist) 15 January 2010 This query is : Resolved
can u please suggest how much waiver can i get from HSBC for my case of personal loan so that i can negotaite to that extent in the Lok adalat as my financial position is not well right now. My principal amount is around 113000. Loan amount was 155000, I have paid 17 installment on time without any default.Now it is overdue by 7 months. Please help, i shall be highly obliged.

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B K Raghavendra Rao (Expert) 15 January 2010

For settlement before Lok Adalats, it is only by negotiations and pursuasion that you get your loan settled. There is fixed scale for that. You appear before the Lok Adalat and plead your ability to pay only the amount you could.

adv. rajeev ( rajoo ) (Expert) 22 January 2010
HSBC may agree for the prinicpal amount.

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