Bajaj Finance Personal Loan EMI Not Paid?
As we all know, if we have taken a loan, then it is our responsibility to pay it on time and keep our EMI on time and sometimes such a situation arises that even if we want to, we are not able to pay our EMI on time or are not able to repay it at all.But don't worry, there is a way for everything and there are other options, through this article we will give you information about those options.Through these options you will get some time or for your convenience the amount will be reduced and the time will be increased.
Loan restructuring - If for some reason you are facing difficulty in paying the EMI, then you can free structure your loan by talking to the loan department, in which your EMI may be reduced and the loan tenure may be increased. In this situation, the amount of your EMI will be reduced and you will get more time to repay the loan.
30 days more time - For example, if your EMI goes on 4th of every month and your EMI bounces then you can pay it till the last date of month in which you will get 25 to 30 days more.Yes, in this you will have to pay heavy penalty which is different for every NBFC and bank.It is possible that the recovery agent will call you and pressurize you to take the money. You can tell them strictly that I will make the payment on the last date of the month. My situation is not right now and I am ready to pay the penalty.In most of the cases no problem arises in 30 days, only heavy penalty has to be paid.
Hire a good lawyer - See, if your loan amount is small and you do not have a big loan emi then try to keep paying your loan because even if a lawyer is hired, he or she will charge a fee which is very high. Yes, if you have a very big loan, then in this situation you can hire a good lawyer,who will negotiate on your behalf and try to settle your loan at the lowest price or give you extra time.
So in our view, these are some of the best solutions that you can use and get relief for some time. We hope you get relief from your debt soon and live a worry-free life.