![]() ![]() ![]() Money owed should be repaid eventually, but let’s take a look at your rights as a loan defaulter, and how you can set the situation right. You must understand what consequences loan defaults will have. Such a situation needs active management. This is usually a bank or a Non-banking Financial Company (NBFC). Inability to repay a loan for a prolonged period leads to the deterioration of the relationship between the borrower and the lender. Sometimes, because of circumstances beyond our control, we are unable to repay our loans in a timely manner. And, we pay back the loan with interest, in EMIs. Taking a loan helps us circumvent our lack of large sums of liquid cash. Many of us have taken loans to finance some of life’s major events: buying the family car, becoming homeowners, marrying off a family member, or paying for a medical emergency. IndusInd Bank Platinum Aura Edge offers.Home | Loans | When A Borrower Fails To Repay The Loan! Skip to content ![]()
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