i have taken educational loan from Union bank of india in 2009 for meeting the expenditure of my btech degree. The loan amount was 2.5 lac. and the loan was under the subsidy scheme. but after the morotorium period the bank is telling that the amount has become 3.25 lac. why this happened?
But the actual problem is not that, after my btech i have cleared gate exam and iam pursuing mtech, so it is difficult me to pay the EMI and the bank manager is threatening that he will take action over me. the re payment period is upto 10 years after morotorium.i want to know that the bank has the power to take action on me before the repayment period.