Regarding education loan
Bharat Bhushan
(Querist) 01 February 2019
This query is : Resolved
Respected Sir/Madam
This is to kindly inform you that I Bharat Bhushan had taken an education Loan of Rs.1,20,000 from SBI in 2005 (for MBA completed in 2007) on basis of joint account at the name of (Bharat Bhushan S/o Sh. Harish Chander).
Due to some serious problem (physical issue) I was not be able to pay back and bank has made the total near 3 Lac(with interest) till Jan2019. Now as bank is pushing me for settlement and I also want the same even financially not very well.
So, I paid a total of Rs.1,50,000 on 30-01-2019 as per bank's instructions under OTS scheme before 31-01-2019 and full commitment of the bank Managers was to provide me the NOC at the same time of making payment.
But now the Bank Manager is asking for some time to complete the procedures of the Bank and providing the NOC in 1-2 days.
So, Please guide me regarding this.
I will be thankful to you for this act of kindness.
Regards,
Bharat Bhushan
Badrinath Opticals
Bhucho Mandi, District - Bathinda
Punjab. Pin code 151101
Mob 9646556658
Bharat Bhushan
(Querist) 01 February 2019
Respected Sir/Madam This is to kindly inform you that I Bharat Bhushan had taken an education Loan of Rs.1,20,000 from SBI in 2005 (for MBA completed in 2007) on basis of joint account at the name of (Bharat Bhushan S/o Sh. Harish Chander). Due to some serious problem (physical issue) I was not be able to pay back and bank has made the total near 3 Lac(with interest) till Jan2019. Now as bank is pushing me for settlement and I also want the same even financially not very well. So, I paid a total of Rs.1,50,000 on 30-01-2019 as per bank's instructions under OTS scheme before 31-01-2019 and full commitment of the bank Managers was to provide me the NOC at the same time of making payment. But now the Bank Manager is asking for some time to complete the procedures of the Bank and providing the NOC in 1-2 days. So, Please guide me regarding this. I will be thankful to you for this act of kindness. Regards, Bharat Bhushan Badrinath Opticals Bhucho Mandi, District - Bathinda Punjab. Pin code 151101 Mob 9646556658
Dr J C Vashista
(Expert) 02 February 2019
Let the manager may take decision, wait and watch.
No legal issue is involved in your query for obligation of experts on this platform.
Guest
(Expert) 02 February 2019
Wait for 2 days and send a Legal Notice in detail with the help of your local good Advocate.
Guest
(Expert) 02 February 2019
Mr. J.C. Vashista You could post your reply if at all you have and it doesn't mean that No Experts would have a reply please. You are Not the Only Representative of all Experts/ Advocates here please.
Sudhir Kumar, Advocate
(Expert) 03 February 2019
No legal point.
You owe the money to bank and it is for the bank to decide if they have to (or have not to) settle for lesser amount.
