Respected Sir/Madam, I am currently facing serious difficulty in paying my loan EMIs, as the total EMI amount has become almost equal to my salary. Due to this, my financial condition has worsened significantly, and I am unable to manage my daily household expenses properly. I request you to kindly understand my situation and guide me on how I can manage this problem. Please suggest a way through which I can restructure or manage my EMIs better, so that I can pay them on time while also taking care of my family’s basic needs. I would be very grateful for your support and guidance in resolving this issue
Please write to [email protected] and seek an appointment for credit counselling. You will have to share details of your loans, your income, assets if any and other relevant details. The counselling will be online through Zoom on a Friday (on a fortnightly basis) between 4-6pm.
Our Experts

Sucheta Dalal Trustee - Moneylife Foundation

Abhay Datar Abhay Datar is a consumer activist. After working at Bank of Baroda for about 29 years, he retired as IT Manager. After retirement, Mr Datar joined Consumer Guidance Cell of Mumbai Grahak Panchayat (MGP) in 2008 and solved many cases related to banking including online fraudulent transactions, misuse of credit cards and ATM cards. Also handled cases related with mobile banking frauds and mediclaim. He was a Member of the Managing Committee of MGP till March 2021.

Shirish Shanbhag Shirish Shanbhag has an MSc in Organic Chemistry, Diploma in Higher Education, a Diploma in a French and has completed his LL.B. in first class, in 2021. Before his retirement, he was a junior college teacher at Patkar College from July 1980 to May 2012, where he taught theoretical and practical chemistry. Post retirement in 2012, he started providing guidance and counseling to people on several issues, with a specific focus on co-operative housing society related matters. Adv Shanbhag has a kee

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

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