What happens if credit card and home loan become NPAs?

If both your credit card and home loan accounts with the same bank have become NPAs, do not ignore the bank's notices. The bank can initiate recovery proceedings for the outstanding dues. In the case of a home loan, the bank may take action against the mortgaged property after following the prescribed legal procedure. For credit card dues, separate recovery proceedings may be initiated. You may request loan restructuring, negotiate a settlement, or seek revised repayment terms based on your financial condition. Before accepting any settlement, obtain the terms in writing and preserve all communications and payment records. For further legal assistance contact us on our helpline number.