Non payment of a loan under vajpayee loan

Dhruvik (Querist) 03 December 2014 This query is : Resolved
I had a loan of Rs 100000 under vajpayee loan scheme from SBI (Gujarat). but have not paid the installments as per the arrangements. I got a notice from the bank.
I have not given the documents of house, but have provided the copy of city survey. the bank people are calling there to meet them. they were talking about some relief in the loan.
My question is Can bank seal my house?
Please revert back as soon as possible

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Devajyoti Barman (Expert) 04 December 2014
Your house would not be attached but do not default in making payment.
Talk to them ans settle the amount to a lesser amount.

Sailesh Kumar Shah (Expert) 04 December 2014
it would be better to pay loan in your own interest.

Rajendra K Goyal (Expert) 05 December 2014
If Bank is having some settlement scheme, you should avail the opportunity and get rid of the loan.

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