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Educational loan

(Querist) 16 April 2018 This query is : Resolved 
I took a loan for my Education(B.tech) but after pass out i didn't get a job. My Family income is very Low and I recently got a job as a Trainee in private sector Company and my Monthly Income is 5000 only right now.
Today Got a call from the bank to repay the loan which is about 300000 and it is impossible for me to repay the loan right now but I willing to repay as soon as my salary increases. Is there any way legal way to get a interest relief from the bank or Extend the loan due date legally . Urgent help needed.....
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Ms.Usha Kapoor (Expert) 17 April 2018
Interest relief you may not get but payment period maybe extended by a few months..It all depends on your negotiation skills and Bank's discretion.You also discuss y0ur problem with Bank's Ombud's .Man.
Ms.Usha Kapoor (Expert) 17 April 2018
Interest relief you may not get but payment period maybe extended by a few months..It all depends on your negotiation skills and Bank's discretion.You also discuss y0ur problem with Bank's Ombud's .Man.
Ms.Usha Kapoor (Expert) 17 April 2018
Interest relief you may not get but payment period maybe extended by a few months..It all depends on your negotiation skills and Bank's discretion.You also discuss your problem with Bank's Ombud's .Man.
P. Venu (Expert) 18 April 2018
You can inform the Bank of the factual position. What was the amount of loan sanctioned?
Souvik Das (Querist) 19 April 2018
It is about 2.6 lakhs with interest....

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