What To Do When You Can't Pay Your Loan?
3. Debt Rescheduling
Now after settling out the issues, the very first option that lender can offer you is reorganize your loan repayment by reducing the EMI amount. 
That might prove a little help for you but in that case the total repayment amount will be increased.
4. One-time settlement
If the situation is getting worsened and if you are not able to pay your EMIs for prolong period, but still you are looking for options to clear your loan; you can settle up with one-time settlements with the lender.
One can end up selling his unpledged assets; such settlements are normally done by the banks after waving off some charges.
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