regarding study loan

Bhargav (Querist) 15 December 2015 This query is : Resolved
Hi Sir,

i have a study loan at my native place Orissa. We took some amount from KPG bank keeping my house documents in morgauge.

I can not give the whole amount. can i get the one time settlement option in there.

if yes how can i get it done.

Thanks in advance.

Regards,
Bhargav Varanasi

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Sudhir Kumar, Advocate (Expert) 16 December 2015
ask bank.

P. Venu (Expert) 16 December 2015
Facts mentioned are incomplete. Please furnish the material facts.

Rajendra K Goyal (Expert) 16 December 2015
Bank is having collateral, it may not accept. However, nothing wrong in trying.

Sudhir Kumar, Advocate (Expert) 16 December 2015
Banks generally accept such proposal to salvage sinking bargain.

In this case their funds are not sinking. They can recover ti from sale of house.

Therefore they are not likely to agree to take less.

K.S.Srinivas (Expert) 18 December 2015
Find out the details from the bank.

T. Kalaiselvan, Advocate (Expert) 25 December 2015
You can talk abut this with the Bank authorities and get your loan either restructured or agreement for one time settlement by waiving certain portion of interest, you may or may not get any respite.

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