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Ranjith   09 February 2021

Loan settlement at lok adalat

My PL of 5.75 lacs gone NPA and is sold to Kotak bank with 3 lacs principal.Im not able to pay 13500 EMI as i hv other EMIs too.Can i get the loan restructured to a low EMI of around 5k with lowrr interest rate of interest waiver through lok adalat ? Please guide me.Im getting harassed by kotak .


Learning

 1 Replies

Nikita Parekh   09 February 2021

Give a detailed letter to nearby police station in case of physical harrasment

First patiently understand the settlement offer put forward by the Bank

Accordingly raise your Counter offer for a closure of NPA

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