Sir,
I took a loan of 10L for house renuvation, I paid 6 years and later I lost my job and father's cancer treatment and one after another i faced lot of personal and financial issues, I'm unable to pay dues for 4 years. But overall i paid 12.5 L. They send a notice to pay dues. I went to the bank and negotiated them. Immediately next week they sent a legal notice " Demand notice under subsection 13 of securitization and reconstruction of financial assets and enforcement of security interest act, 2002"
statement dues details:
- Outstanding EMI 6,48,196
- Additional interest - Rs. 3,33,357
- Incidental charges - Rs. 13,755
- Total - 9,95,308
My details:
- Loan taken : 10,00,000
- paid :12,53,000
Today, Bank Manager said you have 50 Days' Pay before that other we'll do action on the property. Kindly give me your advice.
Thanks in Advance
-Moorthy
