A man in Satna takes his own life after being burdened by EMI threats from recovery agents because he was unable to pay his loan EMIs, one accused has been arrested and sent to jail and another search is underway.

Why he take this own Life by EMI Threats

A piece of shocking news from Satna, Madhya Pradesh has come Out. A man in Satna whose name is Ranjit was unable to pay his loan EMIs. After facing harassment and threats Ranjit decided to end his life, He Committed suicide.

Recovery Agents (accused), after being unsuccessful in recovering the money, allegedly assaulted the victim and gave him threats daily. A case has been registered against two employees of the company under many sections. One accused has been arrested and sent to jail and another search is underway.

This entire incident of (Satna Suicide Case) is reported by the kolgaon police station in the Satna district. Ranjit (Victim) had taken a loan from Bajaj Finance. After failing to repay loan EMIs, Bajaj Company’s two employees, Satyam and Hari Om, started threatening him Allegations of assault have also surfaced. Troubled by this, Ranjit consumed poison.

Know Your Rights: Facing EMI Threats? Here’s What You Can

If you’re struggling with loan EMIs and facing constant threats or harassment, remember suicide is not a solution. Here’s how you can handle the situation

  • Understand Your Loan Terms

Carefully review your loan agreements and learn all about the repayment terms, interest rates, and any penalties for bounced payments.

  • Talk to your lender

Reach out to your bank or lender and explain your financial situation. Many Lenders are kind-hearted they offer solutions like restructuring the loan or extend your repayment period.

  • Know the Legal Limits of Recovery Agents

Recovery agents have some boundaries they are not allowed to harass, threaten, or use abusive language with borrowers. If they do, you can file a complaint with the bank or report it to the Reserve Bank of India (RBI).

  • Seek Financial Counseling

Financial advisors and debt settlement companies like Settle Up Capital can help you in negotiation with lenders and also provide Anti-Harassment services to protect you from recovery agents’ threats.

  • File a Complaint

If you’re being harassed continuously, file a complaint with your local police station and notify the RBI’s grievance redressal cell.

  • Explore Settlement Options

If repayment of the full amount seems impossible for you, Consider the Loan settlement option, discuss a one-time settlement your lender to clear dues and close the account.

If you are in similar kind of condition What you can do?

You don’t have to face this alone. Reach out for help, and take steps to protect yourself and your peace of mind and you can contact SettleUp Capital for this to help Here is our contact number call it and Consult it: +91-931-959-4971