Settlement of Loan without paying EMI

Can I Settle A Loan Taken From A Bank Without Paying EMI

Answer (1)

Team Legistify

  • Sector-1, Noida

We would advice you to speak to the bank representative on this point and he would be able to provide you the best options available because the bank has full right to recover the loan amount from you. Please note that there are no legal ways to 'settle' a loan with the bank. You are legally bound to pay back the loan amount along with the agreed rate of interest.

Answered on 28 Sep 2018

Was this answer helpful?

Yes   No

Didn't find the answer you are looking for?

Talk to experienced lawyer online and get your answered in minutes.