Can't able to repay the education loan
5 years ago
Sir ,
I want to know if I can't able to repay my education loan. What action will be taken ?
Can they send me to Jail .
A.Dear Sir,
It all depends upon the properties you possess. If you are unable to pay having sufficient properties in your name then the option is to attach such properties are they can even attach a share of your property but in rarest of rare case orders to send jail will be passed.
For full procedure contact me on mobile through Vidhikarya.
It all depends upon the properties you possess. If you are unable to pay having sufficient properties in your name then the option is to attach such properties are they can even attach a share of your property but in rarest of rare case orders to send jail will be passed.
For full procedure contact me on mobile through Vidhikarya.
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Rameshwar Dadhe
Responded 5 years ago
A.Dear sir it is Ur laiblity to pay lone . Otherwise face court trial.
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A.Dear Mr. Rajpurohit,
Firstly, why are you developing the negative feelings?
You have not stated the source from where you have taken the loan?
From an individual?from a Private Bank? Co operative Bank? Nationalised Bank?
There are different set of laws for each one of them.
There is no one size that fits all. If is Public money then it has to be paid with interest. Read the papers carefully which you might have signed.
Hope you understand.
Shanti Ranjan Behera
Advocate
Firstly, why are you developing the negative feelings?
You have not stated the source from where you have taken the loan?
From an individual?from a Private Bank? Co operative Bank? Nationalised Bank?
There are different set of laws for each one of them.
There is no one size that fits all. If is Public money then it has to be paid with interest. Read the papers carefully which you might have signed.
Hope you understand.
Shanti Ranjan Behera
Advocate
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