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Chayan Chakraborty   26 February 2019

Bank forcing me to pay 35% for education loan ota

Hi Experts, 

I took an education loan fro UBI, of 400000(4 lacs). But after my moraterium ended, I was unable to pay my dues completely due to financial and personal health crisis. Now that I have agreed for OTS, bank is asking me to pay 245000 as OTS amount, which is impossible for me given the financial situation in my family. I am without a job, as my health does not permit me to handle stress of long working hours. 

I have arranged 110000 for this OTS, but bank is absolutely not ready to budge. What should I do? I want to close this account for good.




 2 Replies

Shashi Dhara   26 February 2019

U write letter to p.m. stating Ur inability to pay loan amount to settle it .

Mark Valenzuela   29 July 2020

Have you got any solution for this problem?

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