Loan taken for car 2,20,000 in the year 2000 - 7128

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 on Nov 27, 2009

Expert 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.
Answer by Shiva Shankar on Nov 28, 2009
How to manage kindly answer me?
Answer by Mrs Madhu Rao on Nov 27, 2009
Kindly answer to my above question?
Answer by Mrs Madhu Rao on Nov 27, 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 on Nov 29, 2009