Legal Question in Banking Law in India
i stoped paying my loan as i did not have job long back but i have a job now and want to pay back my loan in easy emis is it possible
Asked on 9/11/13, 11:01 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
13.09.2013
Dear Sir / Madam,
YES, obviously its possible, and you will only be required to pay the penal interest over and above the interest during the entire period of default to the bank. You should approach the bank for re-scheduling your EMIs.
Regards,
Answered on 9/12/13, 7:14 pm
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