Legal Question in Education Law in India

On 2007 I had availed a education loan from a nationalized bank of Rs 1.00 lakhs for doing diploma in animation in a private institute. my father was the surety and his salary slip was given. on 2010 my father was dead. on 2011 i married. still i not get any job. bank was forcing me to close the loan. but i had not in a position to close this loan due to financial difficulty. kindly advice me in this matter to solve.


Asked on 8/27/13, 12:34 am

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

27.08.2013

Dear Sir / Madam,

Animation is in heavy demand these days, and I am sure you must be a freelancer at it and self employed and earning well, because its hard and difficult to believe that you have not got a job from 2007 till date. You may not be having a fixed time job in hand, but you surely must be getting assignments which are handsomely rewarding. Since your deceased father was a surety to the loan, either your mother or your wife takes your father's place as the surety for the loan repayment. You will have to somehow settle the bank loan without any further delay, to avoid serious complications and trouble for yourself.

Regards,

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Answered on 8/27/13, 3:26 am


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