I have availed a sum of education loan of amount of Rs 2.2 lacs on semester basis in june 2006 and course completed on june 2010 and i got job on march 2012.
after getting job i was regularly paying a amount of Rs 7000 from my salary of rs10000 for the past two years.
suddenly i recieved a letter from bank to pay the whole amount of Rs 3 lakhs immediately or i will be sued at court
Before this letter my parents went to meet bank manager on his call , and explained him clearly he situation and also ensured that the repayment amount will be increased as soon the salary gets revised
Even after paying regularly and explaining the branch manager they have send a letter like this
Now i wont be able to pay this huge amount within this 15 days
so how can i respond to this. what can i do now?
thanks in advance