What happens if you default on personal loan in india

Every inquiry received is handled with care and speed. Your Loan, Your Business. We recognize a personal loan is a private matter. Reasons for needing money range from critical automobile maintenance, unexpected medical expenses, much needed family vacation, basic home improvements, etc. Whatever your reason, we respect your privacy. Thus, we work with lenders familiar with your situation and are ready to help.

What happens if you default on personal loan in india

Com has no knowledge of or control over the loan terms offered by a lender. You are urged to read and understand the terms of any loan offered by any lender, whether tribal or state-licensed, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.

Late Payments Hurt Your Credit Score. Please be aware that missing a payment or making a late payment can negatively impact your credit score. To protect yourself and your credit history, make sure you only accept loan terms that you can afford to repay. If you cannot make a payment on time, you should contact your lender immediately and discuss how to handle late payments. Payday Loans. Get a Fast, Secure, and Confidential Payday Loan.

What happens if you default on personal loan in india

But where should you start. For starters, heres a WARNING : Avoid borrowing from LOAN SHARKS. Theyll only drag you deeper in debt with their high-interest financing offers.

How to spot a loan shark. Research is the key to identify a loan shark from a reliable provider. Before you sign up to any credit offers, make sure to check the local or national register of authorized financial providers.

The ones who arent in the list are most likely illegal or not reliable enough.

What happens if you default on personal loan in india