Personal Loan EMI

you can approach the permanent lo adalat regarding your concern,

No warrants will be issued it being a civil case however attachment of property may happen. Better go for one time settlement Please give me Rank 5 and Review my Resume and Follow me if my answer satisfies you

If it is Nationalized/Recognized/Scheduled financial Institution you simply make a detailed representation explanation showing your inability why you could not maintain the financial discipline and get the EMIs rescheduled. They will require an undertaking and start making the payment on new scheduled system. The other option available with you is to approach the Banking Ombudsman of your area he can fix the problem in your favour. Even if the matter is not resolved approach the Court last of all that will be final bid and the matter will be nailed. Please give me Rank Five and follow me after reviewing my resume and book a consultation for further discussion and explanation if required.

First speak to the concern finance company and explain them the willingness to pay the EMI. In case they agree with your proposal then start paying again the EMI

they will file a case for recovery of the amount you will receive the notice from the court you can appear there and can make the payment