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Remedy if a person is unable to repay education loan
03-Sep-2023 (In Banking / Finance Law)
I took education loan in 2012 from a bank of Rs.162000/- I started my instalment after one month. but due to some financial problem sometime i could not able to pay my installment. from 5 years i am paying installment. from 5-6 month i lost my job and have financial problem and i could not pay. i have paid more amount to bank than i took. so now i am not able to paying this loan because i have no job and no any other properties to pay this loan. but i want to close this account with single and small amount. please give me advise what i do ?
Dear You have to pay the loan amount by any means but what amount you havecto pay is a question which needs some attention. So you can talk to some lawyer or bank official to arrange settlement in this regard.
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Adv. Shriram Vishwnath Bhardwaj
Mandi | 25+ Answers
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