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What are my options if I am not able to repay the study loan
10-Nov-2023 (In Recovery Law)
I have taken study loan from sbt .but i didnt got any proper job so i cant able to pay it. the loan amount is of 2 lacks. the bank say that they will take revenue recovery action against me, what to do?
It is your obligation to repay the amount. Normally the bank will initiate the legal proceedings against you and guaranters for recovery of debt. You can't escape from legal proceedings . Better negotiate with bank and repay the amount in installment or face the trial.
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Adv. Ajay NS
Ernakulam | 200+ Answers
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