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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.
By Mrs Madhu Rao 11 November 2009
Expert`s comment:

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.

Answer by Shiva Shankar 11 November 2009

How to manage kindly answer me?

Answer by Mrs Madhu Rao 11 November 2009

Kindly answer to my above question?

Answer by Mrs Madhu Rao 11 November 2009

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

Answer by Abhilash 11 November 2009
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