Legal Question in Banking Law in India
i got education loan for academic year 2008to2012 from near by INDIAN BANK, now i am unable to pay capital amount and even interest for capital i brought ... now banker urges me to pay interest monthly.. they threatening us to pay. is there any other way to get out of this? can i seek any time extension to pay capital without interest? help me....
Asked on 8/19/14, 11:48 pm
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
20.08.2014
Dear Sir / Madam,
You can seek time extension for repayment of the loan. I doubt whether the bank will waive interest for the extended period.
Regards,
Answered on 8/20/14, 6:12 am
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