In the year 2008, i got home loan amount Rs.6.6 lakhs from SBI bank. Still now i am paying my EMI Rs. 6600. Last month I got a call from SBI field officer, he told me your account balance in Rs. 90 thousands and you will need to pay with in 30th March 2011.
I asked him, why this much amount i wil pay, because i am paying EMi without fail.
He(Magaer & FO) told me, you were not paid pre interest ( that is stage by stage building progress they were relasing amount.) that amounts interest i was not paying so now the cumulative ineterest came this much, so you will pay this much amount within 30th mar 2011at anycost, otherwise we will take legal action to me.
I am not in the situation to paid this much amount now, so i paid Rs. 22 thousands on three week before, but daily they are calling me and asked me to pay htis amount with in 30th mar 2011.
1. I did not know this as prior, so that i was not paid the amout priviously, that field officer did not say this at my loan sactioned time. So who did this mistake?
2. If i will not pay this amount with in 30th mar 2011, then i will face any critical problem from SBI?
3. They told me your account will go to as default in RBI? what is risk in this?
4. I told them, i will pay this amount after April 2011 without fail, but they were not accepted it? so how can i handle this situation?
Please help me to handle this, i am very much upsetted...