Rohit
9 years ago
Hi Sir,
I have seen your advice on Internet regarding Education Loan, I just want to brief you about my Education Loan, I had borrowed 3.8 Lac education loan from Bank Of India in 2012-14 for MBA. Sir till now I have already Paid 1.25 Lakh and now total amount outstanding amount is 5.67 Lakh approx. and after paying 1.25 Lakh now I have to pay more 4.47 Lakh approx. I have family issue my father business is shut down and he is in depression since last 3 years, and I am staying in Delhi working in IT company. My salary is not much more that I can continuously able to Pay the EMI of 10K, This is my family support that they had paid 1.25 lakh huge amount. Now the some circumstances we're not able to pay the EMI regularly,So I had called a bank for the settlement but they denied they said we have to follow the Legal Procedure against you..I am ready to Pay the Principal Amount..I have discussed with mu cousins to help me on this and they are ready to Pay 2.55 Lakh rest Principal amount after submitting 1.25 lakh. But Bank Manager is denied for the settlement
I need to asked how can I go for the settlement and if they take action in Court how much this will effect in My Career. Please advise
Thanks & Regards
Rohit Gupta
Education loan settlement advise
Hi Sir,
I have seen your advice on Internet regarding Education Loan, I just want to brief you about my Education Loan, I had borrowed 3.8 Lac education loan from Bank Of India in 2012-14 for MBA. Sir till now I have already Paid 1.25 Lakh and now total amount outstanding amount is 5.67 Lakh approx. and after paying 1.25 Lakh now I have to pay more 4.47 Lakh approx. I have family issue my father business is shut down and he is in depression since last 3 years, and I am staying in Delhi working in IT company. My salary is not much more that I can continuously able to Pay the EMI of 10K, This is my family support that they had paid 1.25 lakh huge amount. Now the some circumstances we're not able to pay the EMI regularly,So I had called a bank for the settlement but they denied they said we have to follow the Legal Procedure against you..I am ready to Pay the Principal Amount..I have discussed with mu cousins to help me on this and they are ready to Pay 2.55 Lakh rest Principal amount after submitting 1.25 lakh. But Bank Manager is denied for the settlement
I need to asked how can I go for the settlement and if they take action in Court how much this will effect in My Career. Please advise
Thanks & Regards
Rohit Gupta