What happens if I lost my job and unable to pay EMI?

My loan amount is 2 lakh I have taken loan from third party app.I have already paid 2 month emi .Now in third month I am not able to pay the emi because I donot have a job now and I also fallen prey in cyber fraud and loses 2.91 lakh from bank account. So now what procedure I will do for loan emi. please help

3 Answers
Only verified advocates can give an answer Sign In
Lakshmi Abilash Billa
Advocate Lakshmi Abilash Billa Answered: 11 Jul 2023

Approach bank and ask for Moritorium, the bank can give you moritorium period for 3 to 6 months by pausing the EMIs

Lakshmi Abilash Billa
Advocate Lakshmi Abilash Billa Answered: 11 Jul 2023

Approach bank and ask for Moritorium, the bank can give you moritorium period for 3 to 6 months by pausing the EMIs

Admin
Advocate By LEAD INDIA Answered: 31 May 2023

Hello Sir/ Mam

As you have not paid the Emi then the company may impose penalty on you to pay the loan amount so if there is delay in the payment of the debt then you can talk to higher authority and ask for the time

To know more in detail please call on our helpline number

Thank you 

24x7 Help

If we fall short of your expectation in any way, let us know

Payment Trust

All refunds come with no questions asked guarantee

Talk to Lawyer

Talk Now