Legal Question in Banking Law in India
i have taken a staff loan while working for the same bank which was granted for a period of 5 years.For better prospects i moved to a different company wherein i could not repay the whole loan amount till date-now i am un-employed after my delivery wherein there is no source of repayment.i have a home loan from the same bank-can you guide me how can i protect my property as well manage to settle down the staff loan for a feasible amount on health grounds(arthritis) if so what would be the documents i need to submit to prove it.i have been clear with my home loan track there is no issue pertaining to the same.i am only worried that the bank might attach my staff loan to the existing home loan.is there a way out i can get some consideration on terms of my health
2 Answers from Attorneys
NO......Please check Sanjay Kalra and Associates on the internet to know more about our law firm and the legal services we are rendering for our clients from all over the World.
You may ask time for repayment of loan but you can't avoid repayment of loan.
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