Hello sir,
My mother (govt employee) had taken personal loan (we didn't know about the loan till her death) in private Bank and paid 3 months of EMI during COVID period and she expired after 6 months due to blood clot in brain.
As a legal heir bank people were coming to us and demanding us to pay 61% of amount they also included pending EMI's and saying total amount of Rs.6,65,000/- in that I've to pay 61% of amount.
Ive requested them to pay an amount of Rs.2,50,000/- under One Time Settlement (i.e., 50% of total loan amount) they were refusing my proposal and demanding me to pay Rs.3,75,000/- if i refuse their offer they were going to file a suit on me.
Sir,
my request is that after a death of deceased person is it Correct to add the EMI amount till date or else we have to ask them for why they are adding intrest amount after her death. And I also asked them for we will go up on "Lok Adalath" they were refusing and saying it's a long process it's not possible.
If they file a suit on me will they add intrest amount and quote Rs.6,65,000/- or else the original amount of Rs. 4,64,000/- (by deducting 3 months of EMI paid by my mother.)
Don't Settle straight way, ask the bank to provide you all relevent documments which are signed by your mother. Bank is bound to provide you all documents before asking their claim.
For further discussion you may contact.
