I lived in Bahrain for about 3 years. I took a loan in HSBC bank for about 3500 Dinars. I was paying the EMIs regularly for few months and then got a Canadian PR and landed in Canada.
I continued to pay the EMIs for about 6 months thro' my friend who still lives there.
After landing over in Canada, I still did not get a decent job. Whatever I get goes to my rent and food and I am unable to pay the EMIs. But, It always gives me a guilty feeling that I am not repaying the loan. I want to pay once I get a job with good salary. It's more than 2 years, I am not repaying the loan.
I also did not update my address and contact details with the Bank. No one is there in my Indian address which I had mentioned in the loan application process.
What will happen to the loan? Will I be in trouble when I fly back home since HSBC has taken copies of my passport at the time of loan application process? Will they be able to get me arrested at the time of immigration process or could they file a case with a local police?
Please suggest.
Steve
