Consequences of non payment of Bank loan

My and my husband took personal loan. We both were working but during the last year we were unable to repay the loan due to financial crisis. The recovery agents are threatening and abusing us. Police also came to our house. Can bank do this? How can bank recover their money and can a warrant be issued against me and my husband?

Answer (1)

Team Legistify

  • Sector-1, Noida

If you have received any summons from the court , then you have to appear before the court, if not the police nor the bank officials can harm you in any other way, they are creating pressure by sending police. Next time if any police officials comes to your home ask him under which case have you come. If no case is filed aganist you, then they cannot come to your home.

Answered on 28 Sep 2018

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