Dear Sir, I need some help. I have taken a educaional loan in 2009 for my MBA. The loan amount comes to 2.4 lacs rupees in principal at the completion of my MBA, As i belongs to a poor family background and not having the job for a longer period of time, i was unable to pay it. Now it has been declared as a NPA account by PNB from a period of over 2 years. It has now total of 4.18 lacs including interest before declaring it as NPA. So what measures can be taken to do settlement of it. I am willing to do the settlement but i can pay maximum of 3 lacs and that can pay initially 1 lac and rest amount i will pay after 1 year in a minimun inatalledment at least 60. if bank will not charge extra interest. Please help me out of this. Please help me to process the procedure of the sattlement.
