Home Loan Defaulter - EMI Default । Loan Defaulter - Rights, Legal Action । Loan Repayment Default ।

Hey Guys,
In this video Business Lav explain, Home Loan Defaulter - EMI Default । Loan Defaulter - Rights, Legal Action । Loan Repayment Default । In Hindi ।
Short Summery Intro..
Home loan is secured loan. When an applicant defaults on a home loan ( If miss out EMI payments 2-3 times ) then bank may charge Penalties / Late Fees from the defaulter, and also Impact on credit score , Reduced chances for a home loan balance transfer in future, etc...
But If Borrower fail to pay three consecutive EMIs, Then Lender will take legal action against defaulter/Borrower .
Here, the lender will send a demand notice to the borrower asking to pay the due EMIs along with the late fee at the earliest.
A demand notice is typically sent to the borrower as well as the guarantor of the loan. It calls upon them to pay their dues in full within 60 days from the date of notice.
If loan is not cleared within the 60 day notice, bank will issue a 30 day public notice informing about the sale of asset.
Even if loan is not cleared now bank have a right to sell the assets under SARFAESI ACT 2002.
Here Loan defaulter also have some rights which I had explain in this video.
Points Discuss In This Video
1. What Happens If Borrower Default On Home Loan EMI
2. Home loan defaulter legal action
3. Rights of home loan defaulter
4. Reasons For Loan Repayment Default
5. Who Is Responsible To Clear The Home Loan Liabilities Of A Deceased Borrower
6. Reasons of home loan default
7. Non Performing asset ( NPA )
8. SARFAESI ACT 2002
9. Secured Loan
10. What are Borrower rights if borrower can’t repay a loan?
11. Home Loan Insurance
12. How much loan should i take ?
13. Emergency Fund ?
14. Auctions / नीलामी
15. होम लोन नहीं भरा तो क्या होगा
16. Home Auction India
17. home loan defaulter legal action
18. What to do if Unable to Repay Home Loan
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[@che6820]

Never take money from parents to buy home and never take loan. Just marry a poor girl who is ready to stay with you whatever you are.

[@Milind400]

Waah kya baat boli hai

[@nikhilganesh1438]

Video starts at 2:07

[@FlixActive]

Bhai mene 21 lakh toh bhar diya …….. 6 saal me …….. lekin is loan ki company ne 20 saal ke lie 24 lakh ka home loan diya tha …………. Ab agar me na bharu inki emi aaghe toh ye mera ghar bech ke 24lakh pure khud rakh lenge ya ……… 3 lakh rakh ke bake ke paise mujhe wapis de denge? Kyu ki mene 21 lakh toh aaj tak bhar hi diye hai inko …..!! Bhai reply ke dena ……mujhe ye janna bahut zaroori hai

[@Radiyaben]

Sir ye btaiye ki EMI chalu hone k baad. ..apna home apne bech skte hai. Voh time k under..ye baat btaiye sir🙏

[@ashokpanche9876]

Carrect

[@pravinsinggirase8371]

Very very practical information. Thaaaanks lot. 🙏 HARE KRISHNA 🙏

[@ayushagre8429]

Nitai gaur premanande hari hari bol 🎉❤

[@kavee58]

Good information

[@satishchandran2520]

Sir think the property value is 50 lakh and outstanding loan is 30 lakh and then how do they fix the auction price

[@MrMehulzala]

90 din k baad emi pay karne ka option nahi milta? Ya wo total ho bharvane ko bolte he?

[@umangsinhzala651]

Sir mera 5 emi bounce hua hai pr me month and tk bhar deta hu or ye may ka nhi bhar paya 1 emi me ghar pe notice lagai hai bank valo ne or case krne ki bol rahe hai kya kru sir please help me

[@SunnyKashyap-ht6ix]

Same bhai kya kiya apne😢

[@dharmikvichar_08]

Sir mera 3 emi bounce hogaya hai home loan ka. To npa main kabhi jata hai aur npa jane ke bad ghar khali karna padta hai. Bank time deti nahi kya

[@anilk7466]

Sabhi finance bank ka ek jaisa ruples hota hai ????

[@pareshvagadia1256]

Which amount in 60 days boss? EMI or entire loan amount?

[@dharmikvichar_08]

Npa ke bad ghar main rah sakte hai ya nahi

[@muralijee1]

How many emi default means the can take legal action?

[@nihalpetslover]

Bhai agar ghr sarkari mila hua h to ???? Kya wo sil kr skte h

[@manojgawande3612]

Sir, In death case the emi is pending from.last 6 months and they levied heavy recovery charges is it compolssary to pay or it can be waived off

[@BUSINESSLAV]

It may be waived off but completely depending on lenders & how you convince them

[@superrailvlog]

Sattal the loan

[@karanrohra7607]

It means don't take home loan live in rent house this is smart think

[@CloneMaster-uy3of]

Bilkul pay rent and save extra money in savings for buy property cash

[@pritamgoswami1605]

Thank you may bhee ab ek buyer dhund ra hu mera ghar bechny k leya

[@sanjeevjha8966]

Knowledgeable information 👍

[@manojkumarverma5830]

Thanks for information

[@sajjadnathani8820]

Home loan liya tha abhi emi nahi bhar pa raha hu arrest warrant aaya hai kya kare

[@HemantKumar-qb5bx]

Co operative ke naam se insurance hai tab co operative kya kare Jab ki loan jinke naam hai unki deth ho gayi hai

[@springdaleschool157]

Very nice explanation sir

[@jaatjaat3968]

Kya bank 4 month ka time de sakta hai kya

[@Arju282]

Agar kisi ne home loan liya hee toh aagr wo bhar nhi pa rha he usne sharender kar diyaa toh Bank us Home ko bech shakti he kya? Kya wo home hum bank se le shakte he koi lafda toh nhi please reply Karna kyu ki hamare idar ek aissa hi case hee mujhe wo Bank home bech rhi hee toh Kya me le shakta hu

[@sandeepvishwakarma5273]

Very nice

[@sanjaybhattacharya1611]

WHAT ABOUT UNDER CONSTRUCTION PROPERTY NPA. ACCOUNT,

[@khushbusallem6303]

Thank you bhai 🥰

[@hetsoni7181]

Sir defualt pe possession house ka hi hoga na ya phir ander ki chizo ka hota he

[@reshmanimbargi5193]

Thank you brother.

[@pritisinha6673]

Very good Bhai👌😊No Tention

[@asjbio5723]

मैने भी बँक से लोन लिया है लेकिन जिस फ्लॅट के लिये लोन लिया था वो construction रुका हुवा है. इसलिये 8 महिने से मैने किस्ट नही भरी. अभी बँक ने नोटीस भेजा है. लीगल action क्या हो सकता है

[@nikhilganesh1438]

Mujhe toh loan paas hone के बाद भी चेक नहीं मिला फिर भी 11 महीने emi कट होकर गया

[@PawanKumarGupta-lt7vo]

Home loan mummy ke naam par hai aur loan ka paisa mere acct se jama kar rha hu to property meri hogi ya bhai ki bhi hogi?

[@CloneMaster-uy3of]

Agar property mom or dad ke name pr he to pehle hi vasyat nama likhwaa lo apne naam ka. Nhi to legally dono me braber btegi

[@PawanKumarGupta-lt7vo]

@@CloneMaster-uy3of mummy us property ko mere naam pr registry kar sakti h?

[@sumitparmar_1]

Bhai regular payment kar rha hu tabhi bhi bank ghar par notice lagana ki damki da rha ha vo kahta ha ki 100000 bharo but emi 8000 ha

[@sandeepkamble5323]

Complete Mary na bank ke khilap

[@soninonithapa5712]

Mera pnb house se property loan hai or wo main surrender Karna chata hu....with respectfully...or wo kaise hoga

[@RaviKumar-rj7rq]

Ager kisi ka 14 lakh bkaya ho or uski gov job chli jay.balatkar posko bhrun hetya case me.to kya bank us se rekvri kr skta he.

[@subhadeeppodder]

aram se vai.

[@KomalramMalviya]

Home loan ki kist jama nahi hone se Mera makan seal kar diya he ikya kare seal khubane ke liye

[@Kidz-zonetube]

Kya or koi kanooni karwayi bhi hoti h matlab jail ya kuch or ?

[@roshanjayswal9432]

Excellent...

[@riyathakur5680]

Sir mai home loan liya hu 25 lakh agr mai ek sath dena chahta hu to de sakta hu ki nahi aur bayaj Dena padega ki nahi

[@Berlin02324]

मेरे पापा ने होम लोन लिया था 2400000 का और पापा ने होम लोन का इंसोरेंस पालिसी था पापाजी ने emi के जरिये 1250000 रुपये pay कर दिए थे अब पापाजी की death हो गयी है और इंसोरेंस वालो ने होम लोन वालो के ac में 1788000 रुपये डाल दिये करीब 3000000 रुपये होम लोन वालो खाते में आ गए है फिर भी वो मेरे से 7 लाख रुपये मांग रहे में क्या करूँ 😭

[@sjnsns7544]

Fir

[@worldstourstravels]

जिस मकान पर होम लोन है बैंक वही मकान कब्जा करेगा या आपकी अन्य प्रोपर्टी कब्जा करेगी

[@yrajasekharreddy9478]

THANK YOU SIR.

[@shalusingh655]

Sir india shelter finance bnk se hmne home loan lia h 8 lakh ka nd unki ek emi 8 hjar ki tut gyi thi jo ki usko byaj vyaj jod ke unhone 17 hjar bna lia h.har month hm emi de hi rhe hai pr wo 17 hjar extra ni ho rhe h hmare pass ki de tho kya wo notice makan pe lga skte hai uss 17 hjar ke liye

[@sunilmeena9777]

Nhi laga sakte

[@manthanpanchal6060]

Very useful information

[@rjrameshjoshi158]

Private finance home loan liya hi notice I hai to kya kar sakte hain

[@Simple-Person__Simple-Thinking]

Sir agar kisi ne P+C home loan liya,, apne parents k naam par home ki registry karbai,,, domestic problem k chalte parents EMI payer k against ho gaye,,, ab EMI payer EMI na bhare,,, aur borrower EMI payer aur parents dono ke sign hai,,, to home auction ke baad pese agar kam pada to kon bharega?? Aur jada hua to kisko milega??

[@CloneMaster-uy3of]

Bank property ko dispute me daal dega and kisi ko kuch nhi milega. Aur life time cibil khraab hoga .. bs aur kuch nhi

[@syedasifali1674]

Bhai mainay car liya tha uska 6month ka emi nahi bansaka jo ki lagbhag 70hazar kay aspas hai. Vo loag car legay aur bina puchay auction kar diya. Baki 35 hazaar tha recovery amount. Agar yeah amount mai nahi pay kiya. Aab financer meray khilay kay action lega please🙏🙏 reply. Kay jail bhi hosati hai

[@BUSINESSLAV]

Directly jail nahi hota hai, uske pahle aapko court ka notice aata hai and aapko bhi court me apna bat rakne ka moka diya jata h.

[@syedasifali1674]

Mutlab jail hosakti hay. Yeah hokar 4saal hochuka hai. Muger koi notice nahi aai. Kabhi kabhi phone aata hai. Bhai please koi solution bato. Please🙏🙏

[@BUSINESSLAV]

@@syedasifali1674 mail your number to [e-mail]

[@official.gaaganvashisht]

Koi solution mila kya

[@brahmeshpandey6460]

Great brother

[@ayurvedicdawai2213]

Agar bank me 5 emi due ho gayi aur hum age se sabhi emi daale to bhi bank notice bhejegi jaldi bataye

[@DaminiSharmacomedy2244]

Ha

[@maheshshinde1596]

Nice video

[@alokpandey5617]

Sir EMI date 10 tarikh lekin mai 20 ya 25 tarikh tak bhrta hu. Har mahine late bhrta hu..isse koi legal action ho skta h kya? Pls reply

[@GaneshPatil_007]

Chrj lagte rahe ka bank me jo tum ko pata nahi hai bank jakar pata karo

[@alokpandey5617]

@@GaneshPatil_007 charge ki tention nhi h.. Legal action to nhi hoga na? Har mahine late paymenr krta hu

[@priteshsharma973]

Bank ki bat bata rhe ho ...kuch customer ke liye batao....jo hazaro caror le ke bhage unke liye kyo nhi Gyan diye

[@kiranvirkayde6522]

Home loan mera pass ho Gaya hai 3 yers huva but property unligal nikli hai bhay kiya Kari

[@vandanapanesar8502]

Well explained 👍

[@triptiomofficial9971]

Mere flat pr kisi ne kabza KR Lia h joki loan pr h .. to Kya isme bank hmari koi madad KR skta h ..plss reply

[@BUSINESSLAV]

Bank se bat kijiye.

[@triptiomofficial9971]

@@BUSINESSLAV plss apko koi idea ho to btaiye

[@guddumisra3996]

Yehi mere saath hua hai bhai

[@RanjanKumar-dm6gf]

​@@triptiomofficial9971 rent pe de rakha tha kya

[@jkfuninfo5031]

Senction ke bad loan na le to kya hoga?

[@subhadeeppodder]

nothing happen

[@pankajchavan9044]

👍

[@amardeepmishra5790]

Mahindra Bank manager ne builder ke sath milkar disputed Ghar dilaya aur ab wo bhi usko sell nahi kar Paa rahe hain to isme galti kiski Hai Maine possesion de diya fir Bhi EMI laga rahe hain

[@sunnymoyal07]

mere sath bhi aisi hi kiya bank or bilder n milkr

[@lifewithmukul1454]

Mere father ki death ho gyi ab mujhe dhfl wale pareshan kar rhe h aur unka insurance bhi nhi tha

[@HENNAQUEEN13]

Hello how did you over come with this situation beacuse Iam also in same situation my father death has happened and our home property is with bank we cant pay emi they are not giving us time they said they will do auction but we need time please help!!!!

[@narendravarma3764]

@@HENNAQUEEN13 now whats your condition?

[@vaish.xxvi7]

@@HENNAQUEEN13 I am with same situation

[@vaish.xxvi7]

@@HENNAQUEEN13 we got first notice today

[@justeverything6909]

​@@vaish.xxvi7 same situation

[@asjbio5723]

प्लीज advice करो

[@monikalingala920]

Thank you for your information

[@salmankhanpathan1718]

Bus bhai aap bank ke tarf se video bana lo

[@adityanalawede]

Maine home lone liya hai lekin bank bar bar interest bhada raha hai kay kare

[@Krishnanegi26]

Same here Please raise the issue,,what to do

[@Unknown6729]

​​@@Krishnanegi26apne floating loan liya hoga market interest ke hisab se interest bdta aur ghta hai

[@Krishnanegi26]

@@Unknown6729 ghatya nhi hai sirf badhta hi dekha aajtak

[@Unknown6729]

@@Krishnanegi26 bro rbi aapna interest rate bda rehi hai usliye

[@nirajkumarpoddarom70097]

Home lon aplay ho gya he Use band karne ki jankari chahiye

[@Umeshkumar-ve8ti]

suna hy secure loan settle nhi ho sakta

[@prathvirajsingh8986]

मेरी 10 किश्त चल रही है डीयू

[@hardybrar2864]

Ek hi cheez ko baar baar repeat kar rahe ho. Agar koi pay kar pa raha hai....toh yeh video kyu dekhe ga. Chutiya matt bnao. Talk clear and crisp.

[@udaymeher333]

Bhai tu 5 min ka bat ko khinch ke 20 min bana diya

[@nirajkumarpoddarom70097]

1 se 2 din me

[@narsimagajalkot8254]

Mera ghar ka notice aaya hi

[@Unboxingstar55]

Tum log ka naya video nahin banana aata hai purana video dikhao 3 sal 4 sal Purana

[@mehulmakwana777]

Lon trafar karavamayeshukaravani. Shar

[@noorullayb4473]

Home loan settlement miltha hekya

[@BUSINESSLAV]

First Bank observe your situation then they decide settlement karna h ki nahi .

[@ys2942]

Bakchodi jyada kr ke video lamba bna diya bhai 😜

[@148riha]

Aisa nahi hota jail me daal dete hai jiske naam par loan hai❤

[@Go_gaming737]

Bhai aapse mujhe baat karni hai aapka mobile number mil

[@niravshukla6999]

video starts at 4:56