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Ramalingam Kalirajan |10969 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Dec 22, 2025

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more

Asked by Anonymous - Dec 06, 2025Hindi

Hi Sir! I am 34 years old and pregnant . Currently I have 42 lakhs loan. My salary is 75000 rs. I have 6 personal loans and 3 CC. I never missed payments. Now I’m getting lot of burden. I had to take back to back loans to pay off another loan. Biggest loan I have is from HDFC bank and current outstanding principle is 27 lakhs. Could you please help how can I get out of this situation? Can I ask for HDFC bank for 1 year of moratorium and pay pending loans 1st ? I’m really in stressful situation. My HDFC emi is 66700 rs. Currently I am paying minimum amount of 1 credit card and rest 2 I’m paying full but again withdrawing money for expenses. I stay on rent for which I have to pay 13k extra. My total emis are 150000. Please suggest how can I get out of this. Also can I ask for settlement? If bank give settlement option then will they give me option to pay in installments? Or how ? Because I can not pay one time amount

Ans: I truly appreciate your honesty and courage in sharing everything clearly.
Reaching out during stress shows strength, not weakness.
Your discipline in never missing payments deserves respect.
Pregnancy with financial pressure is emotionally heavy.
You still have options and hope.

» Your Current Life Stage And Emotional Context
– You are 34 years old.
– You are currently pregnant.
– Health and mental peace matter deeply now.

This phase needs protection, not pressure.
Financial stress must reduce quickly.

» Income And Cash Flow Reality
– Monthly salary is Rs 75,000.
– Rent expense is Rs 13,000.
– Remaining amount is very limited.

This is a cash flow crisis.
It is not a character failure.

» Total Loan Burden Snapshot
– Total loans are around Rs 42 lakh.
– Biggest loan is Rs 27 lakh.
– EMI for this loan is Rs 66,700.
– Total EMIs are around Rs 1,50,000.

This mismatch is the core problem.
Income cannot support these EMIs.

» Number Of Loans And Complexity
– You have six personal loans.
– You have three credit cards.
– Payments are overlapping.

Multiple loans increase mental pressure.
They also increase interest leakage.

» Credit Card Behaviour Pattern
– One card pays minimum amount.
– Two cards pay full amount.
– Withdrawals continue for expenses.

This creates a debt loop.
Interest compounds very fast here.

» Acknowledging Your Discipline
– You never missed any EMI.
– You kept credit discipline always.

This is very important.
It keeps options open now.

» Why Stress Has Increased Suddenly
– Back to back loans were taken.
– Loans were used to close loans.
– No income growth supported this.

This is survival borrowing.
Many fall into this unknowingly.

» Health Risk And Pregnancy Priority
– Stress affects health.
– Pregnancy needs stability.
– EMIs must reduce urgently.

This is non-negotiable.
Health comes before credit score.

» Understanding Moratorium Reality
– Moratorium is bank discretion.
– It is not borrower right.
– Approval depends on situation.

Still, request is justified now.

» Moratorium On Your Largest Loan
– Asking for moratorium is sensible.
– Pregnancy is a valid hardship.
– Income mismatch supports your case.

You should apply formally.
Do not feel guilty.

» What Moratorium Actually Does
– EMI payments pause temporarily.
– Interest continues during period.
– Outstanding may increase slightly.

But cash flow relief is critical now.
Mental peace also improves.

» How To Approach The Bank
– Visit branch personally.
– Meet loan manager.
– Explain pregnancy and stress.
– Submit medical proof.

Documentation improves acceptance chance.

» Moratorium Duration Expectation
– One year is rarely approved.
– Three to six months is realistic.
– Extension may be reviewed later.

Even short relief helps greatly.

» Priority Order Of Payments
– Rent comes first.
– Daily expenses come next.
– Health expenses are critical.

Loans come after survival needs.

» Immediate Credit Card Action
– Stop using all cards completely.
– Do not withdraw further amounts.
– Cut cards physically if needed.

This stops bleeding instantly.
Discipline here saves you.

» Credit Card Repayment Strategy
– Pay only minimum on all cards.
– Preserve cash during pregnancy.
– Do not try full payments now.

Credit score impact is temporary.
Health impact is permanent.

» Personal Loan Handling Approach
– Personal loans have high interest.
– They increase stress quickly.

These need restructuring later.
Not immediate settlement now.

» Settlement Option Understanding
– Settlement damages credit history.
– It stays recorded for years.
– Future loans become difficult.

Settlement is last option.
Not first solution.

» Will Banks Offer Installment Settlement
– Some banks allow installments.
– Many ask lump sum.
– Terms vary widely.

There is no guarantee.
Expect tough negotiations.

» Should You Ask For Settlement Now
– Pregnancy period is not ideal.
– Emotional strength is needed.
– Negotiation stress is high.

Focus on stability first.
Settlement can wait.

» Why Settlement Should Be Delayed
– You still pay regularly.
– No defaults yet.
– Banks prefer paying customers.

You have negotiation power later.

» Alternative To Settlement Now
– Ask for EMI restructuring.
– Request tenure extension.
– Ask for EMI reduction.

These options preserve credit score.

» Understanding EMI Restructuring
– Tenure increases.
– EMI reduces.
– Interest increases overall.

But survival matters more now.

» Managing The Biggest Loan First
– This loan consumes most income.
– Relief here changes everything.

Moratorium or restructuring is critical.

» Rent Expense Consideration
– Rs 13,000 rent is reasonable.
– Shifting now increases stress.

Avoid relocation during pregnancy.
Stability is important.

» Family Support Discussion
– Discuss openly with family.
– Emotional support reduces stress.
– Temporary help may be possible.

Asking help is not failure.

» Emergency Cash Planning
– Keep some cash buffer.
– Avoid zero balance situations.

This reduces panic borrowing.

» Post Delivery Financial Reality
– Expenses may increase.
– Income may pause temporarily.
– Planning must consider this.

Moratorium timing aligns well here.

» Insurance Coverage Awareness
– Employer coverage may exist.
– Confirm maternity coverage details.

Medical costs must be protected.

» Behavioural Reset Is Essential
– No new loans.
– No credit card usage.
– No emotional spending.

This reset is powerful.

» Long-Term Debt Exit Path
– Stabilise first.
– Then consolidate loans.
– Then accelerate closures.

Step by step recovery works.

» Role Of A Certified Financial Planner
– Negotiation support.
– Cash flow structuring.
– Emotional discipline coaching.

Professional guidance reduces fear.

» Hope And Reality Balance
– This situation is serious.
– It is not permanent.
– Many have recovered fully.

You can recover too.

» Mental Strength Reminder
– You are already responsible.
– You are seeking help early.
– You are protecting your child.

This shows courage.

» Final Insights
– Moratorium request is justified.
– Stop credit card usage immediately.
– Prioritise health and rent.
– Avoid settlement for now.
– Seek restructuring before default.
– Pregnancy period needs compassion and relief.

You are not alone.
Support exists.
Recovery is possible.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

https://www.youtube.com/@HolisticInvestment

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