education loan

Querist : Anonymous (Querist) 08 February 2011 This query is : Resolved
sir , i have taken bank loan on some fraudulent documents as my financial crisis were to the core and dont have any option as my father is also jobless !!

i have admitted my fraud with the banker and kindly pleading the time for loan repayment !!

now the banker want me to give the same in written declartion admittiing the fraud .....

im literally worried that whether that written declaration leads to any legal proceedings ...im the only earner in the whole family ..!!

if now i have invovled in any legal case my whole carrier will ruin .. im regreting for the step i have done but i have done that only for my family ..

kindly suggest me the step i can proceed please ...... is it advisable to settle the matter with higher aurthority ..!!

reply me at the earliest ......

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Chanchal Nag Chowdhury (Expert) 08 February 2011
U R well-advised not to admit fraud in writing. However, to show your bonafides,U may give the the necessary undertakings to repay the loan.

Ajay Bansal (Expert) 08 February 2011
Don't give any writting regarding your crime to anybody.

Querist : Anonymous (Querist) 08 February 2011
what step u would suggest me to proceed further sir .. shall i consult andhra bank gm and plead ??

Amit Minocha (Expert) 08 February 2011
better make some arrangement and repay the loan to bank even if you have to borrow from some other source. Do not admit in writing it will be suicidal.

H.M.Patnaik (Expert) 09 February 2011
You have to go by the Exopert advice. An early closure of the loan by any reasonable means if possible is the best way out.

Uma parameswaran (Expert) 09 February 2011
Aviod to give any written documents and personal visit.find out a way to close the loan amount as early as possible. Send any third person related to you to bank and settle it .Bank can take action against you with the documents they are having if the documents itself showing the fraud and manupulation .

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