Expected action by the bank for defaulting on loan installments

Question

Q: If I default to pay the loan amount (3 EMI), and my outstanding is 56000/-AED with a bank, can the bank put a case against me? A: The banks can file a criminal case against you after 3 or more than 3 defaults. They will file a case for the outstanding amount plus interest…

Sweta Singh · Accepted Answer

Dear questioner,

The banks can file a criminal case against you after 3 or more than 3 defaults.

They will file a case for the outstanding amount plus interest.

Further, we can help you with this case.

If need be, kindly contact us by phone for a detailed discussion or write to us at our email for further assistance.

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