Education Loan From OBC bank has become NPA,

AKHIL MITTAL (Querist) 29 November 2017 This query is : Resolved
Dear Sir,
I took an Education loan of 3.8 lac from OBC bank for B.tech in 2010 & in 2014 I got placed in an MNC & start to pay my EMI but after Nov 2016 I had to leave my job due to health issues.Now, bank has sent me a notice that My Education Loan account From OBC bank has become NPA.They have advised in notice to pay the Prime amount either in two installments or pay interest of approx 1.8 lac & then continue EMI.I am preparing for Govt. Exams(GATE 2018) & also cleared 3 exams(Coal India MT ,JWM ordinance factory & Vizag steel MT) in written & hope so that I can take a Govt. Job in 2018 definately.
What should I do or commit to bank to handle this situation?
Note- I am focusing on my preparation for GATE 2018 as exam will be held on 3 Feb.

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P. Venu (Expert) 30 November 2017
The query suggests no real issues. Preparing for some examination is no excuse for not repaying the educational loan.

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