Education loan

Shreedhar (Querist) 30 July 2015 This query is : Resolved
Dear sir I have taken 999 education loan I paid 70k till now I got a job and since from one year paying installment but m father kept some gold for loan with paid ful amon requesting give gold. But bank no giving telling to close my education for releasing gold. Plz suggest me

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Sudhir Kumar, Advocate (Expert) 31 July 2015
bank is right. do not expect return of gold till last rupee of loan and interest is paid.

Rajendra K Goyal (Expert) 31 July 2015
Bank has right of general lien under certain conditions, better clear the Bank loan.

SAINATH DEVALLA (Expert) 02 August 2015
Lien applies to unpaid loans and better settle the matter at the earliest

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