Legal Question in Education Law in India
I obtain the education loan from PSU bank in 2005 till date not paid any interest.
There was no mortagage of any property.Yes, 3rd party guarantee by my parents & brother.
I ve not recvd any notice or schedule by the bank regarding the payment.There has been no communication from bank's side till date. Pls expalin me what should I do?? what are the consequences?? by what time should I be ready to pay??
I am ready to repay the principal but not the interest
Asked on 10/18/09, 12:43 am
1 Answer from Attorneys
Seshadri Srinivasan
www.lawconcern.com
Your repayment terms will be based on the loan agreement between you and the bank. This explanation answers all your questions.
Answered on 10/18/09, 3:47 am
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