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Q.Can't able to repay the education loan

Q. Can't able to repay the education loan

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 .
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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.

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A. Dear sir it is Ur laiblity to pay lone . Otherwise face court trial.

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Rameshwar Dadhe

Experience: 2 Year(s)

Responded 3 months ago

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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

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Shanti Ranjan Behera

Experience: 22 Year(s)

Responded 3 months ago

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Jaswant Singh Rajpurohit

Experience: 1 Year(s)

Replied 3 months ago

I want to take only 65,000/- loan . If I not able to pay this loan in 2 years . I will send it to Jail ?

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Shanti Ranjan Behera

Experience: 22 Year(s)

Replied 3 months ago

Dear Mr. Rajpurohit,
From your mail I came to know that you had taken loan.
Now you say that you want to take loan.
Will you please let me know the purpose for which you want to take the loan?
Amount.. rate of Interest... Duration i.e, from ... to,... purpose...Mortgage if any etc to guide you.
Shanti Ranjan Behera,Advocate

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