ok, I had taken a loan and I do not have money to pay it back, I have only 90% of the amount now. Tomorrow is the due date, what should I do?
chicoryx0
I'm very stressed, I don't know what to do๐
perceus12galactus
is there anyone to lend u some money??
perceus12galactus
do u work??
chicoryx0
i am a student and i took loan for college fees and no one is going to give me loan
perceus12galactus
can u try to get a loan on the jewelery u have??
chicoryx0
no i cant take loan on it i just need 4000 rupees
perceus12galactus
do u have zero balance account??
chicoryx0
yes i have
chicoryx0
What will happen with zero balance account?
perceus12galactus
1
u can withdraw 5000 to 10000 rupees from ur Jan dhan zero balance account in deficit.....I.e. u can get a overdraft of 5k to 10k but next time when u keep money in ur account...u have to pay back the money u withdrew against ur zero balance
I hope u have have a good credit history or u can ask any if ur family members to help you
chicoryx0
That's right but I have to pay tomorrow and what you said will take a lot of time ๐
chicoryx0
is there no other way ?
chicoryx0
are you there? ๐
perceus12galactus
mm are u sure it will take a lot of time??
perceus12galactus
yup
chicoryx0
Yeh, banks may take a lot of time to process
perceus12galactus
mmm okay
perceus12galactus
isn't there any family members to help u out?
chicoryx0
No
perceus12galactus
๐๐u may have to take another loan
perceus12galactus
sbi provides instant overdrafts but the minimum amount is 25000
perceus12galactus
can u do it so??
perceus12galactus
it's 1%
perceus12galactus
Is it possible to return them 21000 next day??
chicoryx0
no, i cant take 25000 loan for 4000, i just want 4000 and i will return that next month
chicoryx0
I want 4000 now only, which I will return next month
perceus12galactus
mmm if u default what are the terms??
perceus12galactus
actually u should try getting overdraft from ur zero account...it's the only way
chicoryx0
ok๐
perceus12galactus
are there any harsh terms if u default?
chicoryx0
Yes, they will increase the amount by 2% every month
chicoryx0
and then i have to pay that๐ฃ
perceus12galactus
can u arrange that??
chicoryx0
No, I am doing part time job for my studies, I will not be able to do that
perceus12galactus
then u have to wait for 2 months to pay the whole
chicoryx0
hm๐๐ฃ
perceus12galactus
try to take the overdraft of 5000 from ur zero account...don't take stress...overdraft are short term loans.....u will get some months to pay 5000 ...which u can do easily
chicoryx0
okay i try
perceus12galactus
don't worry pay what u have tomorrow.....don't keep the whole due on u otherwise they will put 8% c.i. of 40k