Can I Go to Jail for Not Paying a Personal Loan?
No, you cannot go to jail for not paying a personal loan in India. Defaulting on a personal loan is a civil matter, not a criminal offense. However, the lender may take legal action to recover the dues, which can affect your credit score and financial record. It's best to communicate with your lender and explore settlement or restructuring options if you are unable to repay.
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