► I took unsecured personal loans from multiple nbfc and paid half emi on time and some are one month loan. All loans are under default category from last 6 months. As I have no regular income source and single mother of special child I cannot pay the remaining amount which is 3 lacs including all loans in total
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1 Answer
Jan 20, 2026
Dear mam, as per your query,
1. Default in unsecured NBFC loans is a civil issue, not a criminal offence anf no one can legally threaten arrest or jail, harassment by recovery agents is illegal.
2. You can seek restructuring/settlement citing hardship (single mother of a special-needs child, no income) and negotiate a one-time settlement (OTS) or EMI moratorium in writing.
3. If harassment continues, send a legal notice and file a complaint with the NBFC grievance cell
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