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Babbu singh   02 December 2018

Regarding to education loan

I took education loan from SBI bank in 2014.they have given 6 months till February but I will not able repay the loan because I am preparing for govt exam so is there any procedure to extend for repayment


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 1 Replies

G.L.N. Prasad (Retired employee.)     03 December 2018

Absolutely there is no link in between preparing for Govt examination by you and your repayment of EMI as per sanction terms and conditions.  You may at the most represent for postponement of EMI recovery stating such convincing reasons to the Bank. Bank manager may or may not agree and if there is no such permission, you have to abide by sanctioned terms and conditions.  There is no litigation matter to guide you.  


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