I had taken an educational loan for doing my PhD. I had initially availed the loan for three years. I sent them two letters stating that my educational period is increasing and i want my loan period to extend. The then bank manager told me to finish my degree and then contact the bank and repay my loan and it is not a problem. But after finishing when i approached the bank they told me that i was in default list and are asking me to pay 50000 above my loan and my loan in EMI ( as per original repayment agreement i have still 26 months to repay)and they have also seized my account. I dont understand why i should pay the extra amount I am ready to repay the amount in 26 months but they will not accept it and are blocking me from repayment. Kindly suggest me some remedy.