Mycomputer1 17 May 2016

Education loan repayment failed

I have taken education loan in 2006. My diploma ended in 2009. After that I didnot got any good job so that I can repay the full amount. I have tried to repay as I can by paying monthlty. Sometimes I paid 4000/month sometimes 3000/month sometimes 2000/month.

Bank has also kept one 11decimal land as a security.

Now I am really unable to make the payment. But instead of taking the land bank is asking to pay the amount.

Please help me what I can do now?

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5 Replies

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Neeraj Upadhyaya 01 March 2017

Hello I took a educational loan in year 2011 Rs 375000 which got npa in year 2015 but now we are facing huge pressure from bank for settlement or legal action ,also have send letter to bank recently for extension of time .Would like to know the possible solutions ..