Education loan related issue Education loan related issue

1 year ago

I had taken education loan of 4 lakh from Canara Bank. I am doing job in a private company earn only 15k per month and I am not able to pay 7K EMI to bank per month .Today i got first notice from bank which is taking about confiscating property and also threating to send me to jail. what should I Do now please help me.

Anik

Responded 1 year ago

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A.Dear Client,

Once you take a loan from a bank or financial institution then it is your duty to ensure to repay the loan in time and close it. In case you are facing any issues then you should visit the bank and discuss your matter with them.
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Kishan Dutt Kalaskar

Responded 1 year ago

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A.Dear Sir,
You have to protest the same and find out there is any clause for waiving of interest etc. Ask the Bankers to wait for some more time otherwise you may take stay order.
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Abhimanyu Shandilya

Responded 1 year ago

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A.Dear Client
Once you take a loan from a bank or financial institution then it is your duty to ensure to repay the loan in time and close it. In case you are facing any issues then you should visit the bank and discuss your matter with them.
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