Missed home loan EMIs? Law gives you 105 days before bank can start auction off your house

Homeowners get a 105-day window before banks can auction their property for missed EMIs. This period follows the SARFAESI Act and RBI rules. Banks must issue demand notices and allow borrowers time to respond. If dues remain unpaid, banks can initiate possession and sale proceedings. Borrowers can still halt the auction by clearing overdue amounts with interest.