Home loan
shital
(Querist) 03 July 2015
This query is : Resolved
I LIVE IN A ROW HOUSE WHICH IS ON MY HUSBAND NAME ON LOAN IN ICICI BANK . I AM CO APPLICANT IN LOAN DOCUMENTS. WE HAVE FAMILY DISPUTE AND IN COURT RESULT IS ON MY SIDE THAT MY HUSBAND PAY THE EMI OF HOME LOAN AMOUNT BUT FROM LAST 1 YEAR MY HUSBAND IS NOT COME IN COURT AND I DONT KNOW ANYTHING ABOUT HIM AS HE LEFT HIS PREVISION COMPANY AND ALSO ROOM WHERE HE STAY. nOW I DONT HAVE HIS ANY ADDRESS. SO WHAT I DO FOR LOAN AMOUNT TO PAY IN BANK. CAN I FILE MISSING PERSON COMPLENT IN POLICE STATION WITH COURT DOCUMENT. IS IT HELPFUL ME IN DECREASE THE LOAN AMOUNT RATE WHICH I HAVE TO PAY. CURRENT RATE OF INTEREST IS 14.50%. IF MY HUSBAND SIGN SOME PAPERS IN BANK RATE REDUCE TO 9.45%. AS HE IS NOT PRESENT WHAT I CAN DO.AS COURT ALSO WANT HIS ADDRESS BUT I AM UNABLE TO FIND HIS ADDRESS. PLEASE SUGGEST ME WHAT TO DO
Dr J C Vashista
(Expert) 04 July 2015
1. You should trace him, if unable then file police complaint as "missing person".
2. Being co-applicant you are liable to make timely payment of EMI of the loan.
3. Your circumstances would not change the rate of interest being charged by ICICI Bank. The bank loan is secured against the property and not person, whether it is Ms. Shetal or her missing husband.
4. Where and how is the involvement of Court is there?
Rajendra K Goyal
(Expert) 05 July 2015
Bank is only concerned with the recovery of the loan. Regularize the loan account, keep the account regular, apply for reduction of the rate of interest as co-borrower. File your claim of money paid in loan account by you through court as per orders / agreement if any.
