Legal action if student when he is not able to pay back the loan
18-Jul-2023 (In Banking / Finance Law)
I have taken the education loan from a Bank . What happened if i am unable to pay my education loan if i not get any job . What are the action will be performed on me.?
Hi first you collect all your documents and contact bank customer care officer and try to convince him to settell your loan case in easy instalment.if he will not satisfied you than you will approach the banking am buds man. This is senior officer opppointed by reserve bank of india.this officer sit in state capital.you should find his address on RBI website.these. if he declared his decision against you than you should must pay bank loan.othe wise bank will in position take legal action against you.
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