We are from poor family. I have studied on education loan of 50000. I fully repayed my education loan. My sister also studied on education loan from SBI of 3.43 lakhs in 2005. I got a job, but my sister is still jobless. My mother is housewife and my father had a small business. Due to my father kidney failure we got into lot of debt. My father expired due to his illness. Now I have arranged by taking new loan for my sister's marriage. I am unable to repay her loan and arrange her marriage amount.
Bank has no mortagage property or any security deposit.
My father was guarantor at that time.
My sister is still jobless.
What should I do. If I start repaying it will be huge debt and will able to repay in 12 years of salary.
Can bank take any action on her or her married life will be disturbed.
We have one ancestral house on my father's name and some land altogether worth of 20lakhs.
I want to know what action can be taken on her. She will become housewife and will not do any job in futrue.