Use of Force by Banks to Recover Loans

Group Discussion
Points to remember before you participate in this discussion:
  • Assume you are one of the members of a real group discussion.
  • Take the initiative to participate and contribute your thoughts.
  • Contribute your positive thoughts towards providing the solution.
  • Post your thoughts here.
100 comments Page 10 of 10.

Harsh said:   8 years ago
Hello everyone I am Harsh.

In my view I support the banks to take loan recover by force fully but after giving full time to customer to return money. Because after taking loan many peoples are not able or they don't want to return money. So if bank not force then most of loan taker does not return money.

Thank you.

Vikas said:   1 decade ago
I agree with statement first of all bank gives the temptaion of loan to the customer, when customer trapped the loan mania, then bank send their goons to collect the rest of amount, bank sell the loan like vegetable they don't check crdit worthiness of the customer, bank should reform their policy regarding loan.

Awadhesh said:   1 decade ago
As per my opinion bank should try to know that why customer are not able to pay and what are the reason. If customer have some financial problem than they should make EMI accordingly to recover lone amount because they have given lone on interest and its is very high.

Raj said:   1 decade ago
I think it is a way to recovery the loan money, but there are other way. The bank first try to motivate the person to get a best way to earn money and also if possible the bank should help the customer again but in another way. It may difficult to implement.

NandaKumar said:   8 months ago
Using force for recovering loans is too barberic and illegal. Banks can always move the courts for loan recovery against any defaults. Our legal system allows that. Sending goons or the so called sharks should be considered a crime and punished.

Rohitsatya said:   6 years ago
Banks are giving loans very but not taking surety from rich people they using that and not paying it back but it comes to normal people they are taking surety this is not the correct way to banks.

Sandy said:   9 years ago
Can one tell me when a loan is given in good faith without documentation & payment done by cheque how make that person to sign the documents and what is to be mentioned in it.

Melvin said:   10 years ago
If customer could not pay the loan and now many years passed and would like to make settlement whatever the money has as per the his capacity. Is is possible?

Aman vishwas said:   1 decade ago
Bank has right to recover money in better manner. If they using forcible techniques it will deteriorate image of bank and people will loss confident on bank.

Sampoorn Rathore said:   7 years ago
No, they should not do as.

If there is a time limit and after that, they are not paying the loan they should make EMI accordingly.

Post your thoughts here:

Your comments will be displayed after verification.