Respected sir, I am from Vellore, Tamilnadu. I am studying final year BE mechanical. I have taken loan in Axis Bank on july 2013 for 2.4lakhs. They had interest rate of Rs.5339/month while studying itself. They deduced the amount from my bank account and from next month i have not paid the interest amount till now. After 12 months, now, they are calling me by phone and asking me to pay the interest amount. They told that the bank will file a case on us if we cant pay the interest amount. I said I will pay only after completing my degree, but they are telling that is EMI, this is interest amount. Please give ur valuable suggestion sir.. Thanks
