👉 'non-performing asset' (NPA) was defined as a credit facility in respect of which the interest and/ or instalment of principal has remained 'past due' for a specified period of time. Join my Insta❤️Fam: https://Instagram.openinapp.co/aravindkaasu Join my 💙Telegram channel: https://t.me/aravindsuriya What happens if account becomes NPA? 👉After a prolonged period of non-payment, the lender will force the borrower to liquidate any assets that were pledged as part of the debt agreement. 👉If no assets were pledged, the lender might write-off the asset as a bad debt and then sell it at a discount to a collection agency. ✴️SARFAESI Act is a law that allows Indian banks and financial institutions to sell or auction My 🎒Kit: MAONO AU-A03 🎙️Condenser Mic (Black): https://amzn.to/3YIdnaa Ring 💡Light with Tripod Stand: https://amzn.to/3Z4RstL Boya M1 Mic🎤: https://amzn.to/4158XMc Poco📱 X3 Pro: https://amzn.to/3KiQzJR 3 Books you must read: The Disciplined 📈Trader: https://amzn.to/3EjxpQi The Psychology🧠 of Money: https://amzn.to/3lNsYXj The Richest🤴 Man in Babylon: https://amzn.to/3IvqQMV the assets/properties of credit defaulters without any intervention from the courts Cons of restructuring Home Loan ♦️When you apply for restructuring, there will be an impact on the credit score, which will have to be improved over time by paying the EMI on time. ♦️There are charges which might be charged for home loan restructuring and paying this can also be a financial strain. ♦️As interest payment holidays and the repayment period increases, there is an accumulation of overall interest that is payable and thus, in the long run, can affect the finances. ♦️If you reduce the monthly outgo with EMI restructuring, there will be an increase in the tenure, which means that there will be a loan on your head for a longer time. Eligibility in PF Withdrawals ✨PF member is allowed to withdraw up to 90% of the corpus if the house is registered in his or her name or held jointly ✨However, to withdraw the amount, at least 3 years of complete service is required Sources: paiza bazaar, tatacapital