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Defaulted on a loan? Here's how you can deal with the burden of repayment

Don't be afraid to approach the lender for loan restructuring

Topics
loan default | Bank loan default | Loan repayment

Sarbajeet K Sen 



banks, debt, bad loan, bad debt, default loan, NPA, assets, banks,

Sandeep Sethi, a financial analyst, was rather happy that he could buy a house at the age of 25. However, three years later, things started going horribly wrong when his parents retired. Suddenly, the Rs 20,000 equated monthly instalment (EMI) started hurting because he had to provide for his parents as well.

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First Published: Mon, January 13 2020. 20:53 IST

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