Hi, i have taken education of 3.28 Lachs from state bank of india for peroid of 2008 to 2012. i didn't star to repayment because i didn't get job. In 2015, temporarily i got job in tirupur for 8000.00 salary. meanwhile i had paid Rs. 4000-5000 of amount for 7months. after that i cant pay the amount because of my family suitation. till i am preparing for Bank examination and searching best job for my profile.
Recently, i got received one letter from state bank of india. in that they mentioned my present outstanding amount is Rs.547939. Also i got received one message from Reliance ARC. in that message, SBI has assigned my education loan to Reliance ARC for recovery. ANd my loan outstanding as on 19-05-2016 is Rs.563529.
still i dont have source to pay this amount. i dont have any property. what i need to do? is this create big problem to me?
