Home Loan: Can’t pay home loan EMI? then follow this method
Home loan is a secured loan. This means that the lender owns your property until you repay the loan amount in full. If you miss your EMIs for three consecutive months, the lending bank or company will send you a reminder.
However, if you are unable to pay your dues, the lender may initiate the process of auctioning your property and declare you a defaulter for recovery of dues by the Surface Act 2002.