Legal Question in Education Law in India
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
The agreement terms were not differnt from the education loan normal terms & conditions.
Asked on 10/21/09, 12:54 pm
1 Answer from Attorneys
Seshadri Srinivasan
www.lawconcern.com
You will have to repay principal and applicable interest.
Answered on 10/21/09, 8:52 pm
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