Central Bank of India Education Loan Repayment Central Bank of India Education Loan Repayment

1 year ago

Greeting to all.
I taken education loan from CBI (2011 to 2014) Rs. 193500 but it mention as Rs.2lac. After Completing degree i didn't get Job. so I Did PG. in sugar Engg (2016 - 2017). Now working in a Decent Job from 2021, then i started Repaying Loan, till date i repaid Sum 175000/-. now the Bank issue penalty Sum RS .165730 & Interest. Total 6.1 Lac they Saying to Repay. So Please guide me What to do

Anik

Responded 1 year ago

View All Answers
A.Dear Client,

You can send a legal notice to the bank along with a copy of loan documents and ask for the amount to be rectified.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Kishan Dutt Kalaskar

Responded 1 year ago

View All Answers
A.Dear Sir,
You have to go to Civil Court and get a stay on such illegal amounts and recovery process otherwise they may use cohesive steps to recover the same.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Abhimanyu Shandilya

Responded 1 year ago

View All Answers
A.Dear Client
You need to ask the bank to clarify on why such a huge amount is to be paid. From my experience of working with SBI I think they might have had moratorium for payment of EMIs. Also, when you calculate the interest from 2014 till date the amount for sure would have more than doubled.
Anyways you can get in touch with the bankers and try to resolve the issue amicably.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Read Related Answers

question iconLender is not available for my payment
Dear client, contact the lender through any contact information or if there is office of their. And also report the same to cibil
question iconLOAN SETTLEMENT AND ADVICE
Dear Client, A borrower is held liable personally for his or her debt for non-payment of the outstanding amount of the loan. Once the repayment of the loan stops or bounces for consecutive 3 installm...
question icontitle of a flat
Dear client, yes one can get the title from the auctioner by way of sale certificate by purchasing the flat in the auction.
question iconAbout cheating of money transfer
Dear Sir, It is better to settle the matter with the Management otherwise if Police complaint is given your friend may be put into jail and charge sheet will be filed and case will be run for 4-5 year...
question iconovercharging of rate of interest
Dear Client, In the prevailing situation, serving a legal notice to the concerned Bank, make a private complaint against the Bank to a Court of Magistrate under Sec.200 of Cr. PC. that outlines the pr...