Loan taken for car 2 20 000 in the year 2000 paid upto 2004

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Loan taken for car 2,20,000 in the year 2000 paid upto 2004 regularly and stopped from 2005 to 2009. How much to pay now in one time settlement pl.
  • 3367 day(s) ago by Mrs Madhu Rao
Under:   #Cars
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Mrs Madhu Rao
How to manage kindly answer me?
 

Posted: 3367 day(s) ago


Mrs Madhu Rao
Kindly answer to my above question?
 

Posted: 3367 day(s) ago

Hi,
By this time the loan giving bank should have followed about this as geerally they will be after the customer even if a single EMI is missed. However the total settlement will depend upon the money left during time of discontinueing, its interest, penal fee, processing fee etc.
 

Posted: 3367 day(s) ago


Abhilash
Hyundai
Accent
Owner
Dear Mrs Rao,
The amount you are asking is varies on many things. The rate of interest, the amount you paid in EMI, the amount you left, the penalty calculated by the bank, the loan provider- whether its a nationalized bank or private bank and of course the balance principal amount once you stopped your payment. Its better to ask with your provider. Nobody other than your provider can give the exact reply or somebody from same field. Hope you will understand
 

Posted: 3366 day(s) ago


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