My salary is Rs.75,000/- and my monthly Bank loan emi's are Rs.65,000/-.
Apart from the EMI's, my monthly home expenditures are Rs.12,000/- and
Apart from this, i have 2 credit cards 1 with dues 1,60,000/- and other with dues Rs.1,30,000/-.
Apart from this, I am paying school fee for my both the children of Rs.1,50,000/- per year.
I never missed any bank emi and minimum amount due of 2 credit cards.
To manage all the expenses, i used to take the loans and manage all the above expenses and bills. I have also taken a loan of Rs.1,50,000/- on my existing LIC Policy for which , I am paying the quartely EMI aswell. I did not include this interest money in the above bank emi's.
In one situation, i taken the personnel loan from one bank for 20% interest aswell.
Right now, no bank is giving me the loans aswell. To clear all my existing loans, it will take next 4 years. I dont know , how am able to survive in the coming days.
I will be thankfull to you, if i get some financial assistance so that i can clear the bank loans, credit card dues and can repay the amount to you in monthly installments.
Sucheta Dalal Trustee - Moneylife Foundation
Suresh Prabhu Mr Prabhu retired as Senior Vice President from HDFC Bank
R Bhuvaneswari After serving Bank of Baroda for almost 40 years, Ms Bhuvaneshwari retired as Chief Manager in 2013.
Yogesh Sapkale Yogesh Sapkale is Deputy Editor of Moneylife and writes on finance, credit related issues
To ask a questionPlease