Financial & Loan Matters

Financial difficulties due to loss of job, medical emergencies, losses in business, or other unforeseen events may render it hard to pay EMIs leading to defaults, recovery processes, legal troubles and damage to the credit profile... Read More

Financial issues such as losing the job, experiencing any medical crisis, or suffering the business loss can mainly complicate repayment of the unsecured loan. Most of the borrowers are fearful of the legal consequences, recovery... Read More

The distress caused by stalker banks recovery agents in the form of phone calls, threats, misuse of language and feelings of shame cannot be denied. However, the question comes into view when loan default cannot be a reason to eng... Read More

Frequently, borrowers believe that loan closure and loan settlement are the same thing, but these terms have distinct implications from both legal and financial perspectives. Loan closure refers to the process of paying back a loa... Read More

It is very common for borrowers to get to know about the wrong defaults in their CIBIL report after their loan or credit card request has been turned down. This must have given rise to the question in them that how is it possible... Read More

A majority of people serve as loan guarantors without being aware of the repercussions of their actions. Oftentimes, family members, friends, or business associates approach someone to be a guarantor on their loan. Because of thei... Read More

When the people apply for a loan, they often focus only on interest rate, EMI amount, and the repayment period. However, most of the borrowers remain unaware of the legal protections available to them under guidelines issued by th... Read More

Some people who take a loan think that after repaying the last installment of the loan, the loan process comes to an end, but getting the NOC (No Objection Certificate) and Loan Closure Letter is equally significant, as those docu... Read More

Borrowers who are struggling financially tend to interchange One Time Settlement (OTS) with loan restructuring, and however, they are not identical, since both options have different implications in terms of law and finance. OTS i... Read More

Most of the borrowers occasionally face the financial difficulties that make it difficult to pay the loan instalments on time. The missed EMI may appear to be a minor issue, but whenever the EMIs continue to bounce repeatedly, the... Read More