5 Rights Every Loan Defaulter Must Know

[{"selector":"#anim-4c62c13b-76c8-405d-a6ee-82e9b2aa6af8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-8dbfc2ad-5902-4468-afbb-df6a5cd46d31","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d53227a1-e698-47e6-b5b9-fad432109ea3","keyframes":{"transform":["translate3d(-115.81469%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Knowledge is power. Learn your rights as a loan defaulter to navigate challenging times

1

[{"selector":"#anim-45d0c01b-548a-4a84-85d6-3605d3e83727 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-15.441085777016065%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-5d7bb140-bd50-4215-81fe-99be9295d910","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f8223515-f139-402c-8c2e-8e640b0b807d","keyframes":{"transform":["translate3d(-115.55555%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4d96b3b8-dbb2-4039-bae5-114bf836c5be","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-87fb740f-f9e9-4a43-95a9-1105504bbdb6","keyframes":{"transform":["translate3d(139.56522%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3e6399a3-23c1-48ba-80e3-012b60b93e1a","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-22bfed58-53e6-412a-a97f-1b1c13d0b1e4","keyframes":{"transform":["translate3d(-638.57118%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Before repossession, the bank must issue a 60-day notice for overdue loans. After, a 3 0-day public notice precedes asset sale Right to Notice

2

[{"selector":"#anim-0f942557-848d-4a02-a087-d4ed36611ca3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(48.94408772888333%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-e3d11a58-2608-49c3-88b8-40476efb9372","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9c1a4f6c-ff11-440d-a208-da92e7fb983e","keyframes":{"transform":["translate3d(-115.2381%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-91e77019-14bd-49f3-ae9e-acf459ac749b","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f8b2f50f-d005-484d-a38d-9cb6286738db","keyframes":{"transform":["translate3d(133.19837%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0265fc7b-9a8a-4521-b5c2-fc78dec21e99","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d1042147-c3d5-48b2-9c12-c269b7e78243","keyframes":{"transform":["translate3d(-638.57118%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] After repossession, you're entitled to the sale price. If low, object. The bank reevaluates property value for fairness Right to Fair Value

3

[{"selector":"#anim-6a1fa200-caf3-49e8-94c9-6dc3ad140d73","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2bc7f04b-4396-44eb-aea8-0d52acd7fdc4","keyframes":{"transform":["translate3d(-115.39682%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0b8d7d1d-72a0-4db4-9a3d-57a91f14c4c7","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0dd10cbe-da7e-4ebc-9dab-63dd9c8ebb23","keyframes":{"transform":["translate3d(-638.57118%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a49d22b5-2e64-473e-b09c-807f754497e1","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-aedaacfa-f3ef-421b-81d6-4c5466913584","keyframes":{"transform":["translate3d(139.56522%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d7911926-d64c-43c6-af09-a021f0143192 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.0658141036401503e-14%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Object to repossession notices during the notice period. The bank must respond within 7 days, giving reasons for approval or denial Right to Be Heard

4

[{"selector":"#anim-4990cc85-e77f-47c1-8537-dc3ac0c0e47a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.820737881140466%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-dd528314-f1f9-443e-8c28-0b2673ddf824","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-607bbab4-b5a6-4734-80cf-555d743bc3d2","keyframes":{"transform":["translate3d(-114.92064%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7e66d307-5a47-4ccd-8a43-2273eb625709","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4843cfb0-e283-4f1b-aeb8-0c6d60ef12b1","keyframes":{"transform":["translate3d(-638.57118%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5ff343e1-40dc-467f-bcb9-af1b311cc9c4","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0f003741-aa4a-4421-95f9-bc3edd4fa6d5","keyframes":{"transform":["translate3d(114.57681%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] If the asset sale exceeds dues, you can claim the extra amount. Protect your financial interests Right to Claim the Balance

5

[{"selector":"#anim-2a2d661f-80f2-42e3-9164-3832e16c3bb3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.246337776828504%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-977601be-bd42-4d3d-a006-81ea82e02166","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9e602e01-bf08-4278-823f-5552ded3e729","keyframes":{"transform":["translate3d(-115.2381%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fcaa7ba9-899c-4486-b478-6402293aff88","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f2d717af-3f8e-4b60-837c-d92731c16059","keyframes":{"transform":["translate3d(-638.57118%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-db0e6a5a-0433-4e06-88f5-dce4a1ee20a1","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-636228bc-c542-4af9-a955-b83ca3e3ef73","keyframes":{"transform":["translate3d(110.58824%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Banks must communicate respectfully. Meetings are at your convenience, between 7 AM and 7 PM, free from harassment or abuse Right to be Treated Politely

[{"selector":"#anim-b835e5fd-4282-4cf6-8c01-916f3c5b8470 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(14.860907546660224%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-57eae19e-f591-4caa-ac87-423d304966bb","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-11b4221d-238d-43fa-ab25-709cf78437c4","keyframes":{"transform":["translate3d(-115.55555%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d16ff6dd-42b3-47fe-99ff-b3eb914cbdae","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cd3de8e2-3e65-4c71-91df-aff1377766af","keyframes":{"transform":["translate3d(115.33547%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Dive deeper into these rights in our comprehensive blog! Empower yourself with knowledge Read more

MONEYTAP

[{"selector":"#anim-9de2e3d4-cd10-46cf-b734-28df10783079","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bd704be6-b71e-4621-a1d9-060c1d8a975f","keyframes":{"transform":["translate3d(0px, 1279.36628%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6c4f6884-b3a8-4451-b13b-e2a442bcffb5","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-40f899e9-2a80-4980-9b53-514f3ff8b1fa","keyframes":{"transform":["translate3d(0px, -931.33894%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] India's #1 Personal Credit Line Visit Us