can i stop pension deduction for education loan payment


I took education loan from SBI in 2005 for my Engineering - 5 Lakh. As I am not able to get job in any sector as my qualification. I am working in a bpo earning 15000, Bank is cutting my dad's pension @ Rs 5000 every month, and also my dad is not working anywhere. Its been very hard for my mom and dad to survive as i m also not earning much. Is there any way to settle my loan or any way my dad can get his pension atleast.

Answers (1)


422 votes
Your dad must have been a guarantor in the education loan taken by you. Since the loan dated back to 2005, the installments started. The only way to stop the money being cut from your dad's pension is payment of installments by you in time. Otherwise, you may give a representation to the bank to increase the term of the loan, so that the installment amount may reduce.


Googling your legal issue online?

The internet is not a lawyer and neither are you.
Talk to a real lawyer about your legal issue.

Popular Labour & Service Lawyers


Advocate Sunil Kumar Bakshi
Sector-16, Faridabad
33 years Experience
Advocate Wg Cdr Ajit Kakkar (Retd)
Dwarka, Delhi
20 years Experience
Advocate J. P. Rinwa
Swej Farm, Sodala, Jaipur
19 years Experience
Advocate Bala Janaki
330 Thambuchetty Street, Chennai
35 years Experience

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at LawRato.com and has been responded by one of the Labour & Service Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or contact a Lawyer of your choice to address your query in detail.

Related Questions


"LawRato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."



Related Articles