I had taken a home loan LIC Housing Finance last year for amount of Rs 39 lakh and starting paying EMI Rs 25,567 for part payment Rs 27 lakh during COVID year i had not applied for moratorium but paid all EMI as per my salary credit to me and I had paid the EMI with in the same month with penalties for 3 months July, August, September until salary are regularised and now manager is not willing to pay final amount of Rs 12 lakh to me again putting grace period of 3 months and in that case if my builder will cancel my agreement then I will lose my money.
Please advise what to do and my flat is ready to occupy, but the final amount of money stopped by LIC and the 90 days period by the builder is going to get completed by this month end.
Ans: Firstly, you should ask your lender for a loan account statement such that you can assess and do a proper reconciliation to clarify the payments made and what is actually due.
Meanwhile, you can negotiate the time to make your payments till you can sort the issue with the lender.