LCI Learning
Master the Art of Contract Drafting & Corporate Legal Work with Adv Navodit Mehra. Register Now!

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

vaigundamoorthy (software engineer)     17 September 2011

Personal loan emi pending issue

 

Hi

I  took the personal loan amt 2lakhs  from deutchshe bank 3 year back. I could not pay the loan amount  last 2yrs due to my financial situation .. 

Now they called me and asked me to pay the full amount with in a month otherwise they will give arrest warrant against me for pending amount .  

I told them i m ready to pay after 1or 2 months with 5 installments for full and final settlement. but they are not agree .. 

Please help me how to resolve this issue .I took the loan from chennai bank 

 

Thanks 

Moorhty



 1 Replies

Isaac Gabriel (Advocate)     17 September 2011

Perhaps it been classified as NPA.Try for onetime settlement which could be acceded to.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register