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aj (manager)     26 May 2015

Personal loan//need urgent help

Hi

I took personal loan from axis bank in 2014, I paid  5-6 emi but after that i was not able to pay laon emi.

Today i received notice from bank stating that they have terminate the loan agreement and to pay loan amount within  8 days but i dont have money to pay in said time

Please help me what should I do 

On FIR police will call me at present at Police station or they will come to my office or home to arrest me without informing



Learning

 5 Replies

Kapil Chandna (Lawyer at Supreme Court of India)     26 May 2015

Sir,

 

Need not to worry, just reply them seeking some time to pay back your money .... 

 

Warm Regards 

Kapil Chandna Adv 

9899011450

Kumar Doab (FIN)     26 May 2015

--------------------------Deleted as posted by technical glitch--------------

Kumar Doab (FIN)     26 May 2015

Negotiate to get some time.

However pay within settled time.

 

Borrowing should be avoided and one should pay in time if borrowed.

amiteshkumar   26 May 2015

Banks default is not punishable under law.Non payment will ruin your credibility only nothing else

amiteshkumar   26 May 2015

Banks default is not punishable under law.Non payment will ruin your credibility only nothing else

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