I have a original principal amount due on Credit card to the extent of 8 lakhs...but with the added interest it has reached almost 11 lakhs....
The bank is warning me with the seizure of properties.
Though one should go for one-time settlement with the bank, its not possible with my case..Can only opt for equated monthly instalment.
How does one go for equated monthly instalment & how many years does the bank allow us to replay the amount?? Is there any time limit within which the monthly instalments need to be paid.....
What is the minimum amount of equated monthly instalment.
