Loan EMI Bounce: What Happens If You Fail to Repay? Know Your Rights as a Borrower
Various Companies offer loans in times of financial crisis, and the interest offered is at various rates, according to the Bank or Non-Banking Financial Institutions (NBFCs.) When a borrower defaults by not repaying the EMIs for loans, banks may initiate certain procedures. More importantly, it should be understood that defaulting on a loan is not … Read more