DISCLAIMER
All project information and details displayed on the site, including but not limited to the information and details contained in project related materials that you may download are for information purposes only and do not constitute an offer under any law for the time being in force. The Company shall not be liable to you for any decisions you may take as a result of or on the basis of such information and encourages you to contact the Company directly for up-to-date and accurate information.
 
The imagery used on the website and brochures are indicative of style only. Photographs of interiors, surrounding views and location may have been digitally enhanced or altered and do not represent actual views or surrounding views. These photographs are indicative only.
 
Changes may be made during the development of a real estate project and standard fittings and specifications are subject to change without notice. Standard fittings and finishes are subject to availability and vendor discretion. Fittings, finishes and fixtures shown in the images contained in this brochure are not standard and will not be provided as part of an apartment. The information contained herein is believed to be correct but is not guaranteed. Prospective purchasers should make and must rely on their own enquiries. The colours of the buildings are indicative only. This website and all brochures are a guide only and do not constitute an offer or contract.

Call us: 1860 208 0000
Existing Customer Call us : +91-80-67724001 / 1-860-208-0000
Implications of Not Paying Loan

What is a default?

Continued inability to pay your installments for any reason constitutes a default on your loan. At this point the bank/lender can demand a payment of the full outstanding amount of the loan. The lender can also serve a legal notice on the borrower and in case of secured loans, acquire the loan security (property car etc) and try to dispose of the same to recover their money.

Can I get a temporary relief from paying my installments?

Yes, in some cases you can. You need to inform your bank in advance. This should only be for a few days and you will have to pay delayed payment charges. This will still impact your credit rating.

What happens if I delay some installments?

Delaying your installments frequently may affect your credit profile and might make further borrowing not only difficult but costly too. However, in some rare circumstances, if you delay an installment, most banks would charge you a delayed payment charge, as high as 3%, compounded monthly.

What happens if my cheque bounces?

Dishonoring a cheque is a criminal offence. Legal actions may be initiated against you and your credit profile could be seriously damaged.

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Disclaimer:- The imagery used in the website is indicative of style only. The photographs of the interiors, surrounding views and location may have been digitally enhanced or altered and do not represent actual views or surrounding views. These photographs are indicative only.

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