I have full sympathy with you, if you are really in trouble as stated. It is good that u intend to repay . Presuming your intentions are not to cheat the Bank, pl. take note:
1. E-mail to Bank on customerrelationship department by quoting the loan account no.
2. The best thing to avoid the recovery agents is to call them in advance and ask when he will meet. Meet them at a public place always. Talk decently & briefly. Never give specific commitments. Only commit about next date. Before next date give a miss call and wait till he call u. Dont waste your valuable talk time, but waste his time. Narrate your entire story at length about problems you are facing. Take note, all conversation will be recorded, So never get angry or say any bed word or never loose temper. But at same time irritate the recovery agent as much as possible by talking about your problems etc etc Never commit any thing. And in last commit only next short date for having a talk. Repeat this till he leave you. While talking with agent, ask indirectly and study what is his powers, who is his next boss, what is his powers, at which stage your case is, what will be next stage and what action is taken in next case. Remember everything when the agent has lost his temper and used unparliamentary words. Send an e-mail to Bank and record all misbehaviour of recovery agent. Keep on mailing. But never do anything which can make your side negative in your case.
4. Mean time transfer all your properties which are in your name to your family persons name as fast as possible but without unnecessarily incur expenses which cant be incurred by u.
5. Tackle the worst stage of recovery follow-up of physical harasement which will be last one. The case will be put up in Recovery not possible -stage.
6. Pl. note Bank will continute to follow u till it feel that some money can be recovered from you. So it is depend upon u how best u convinence them that u cant pay anything at present for ___ days and also say that u dont want to cheat the Bank but your luck is not favourable right now. The best policy is to follow them, give miss calls, irritate them.
7. Most IMP: Ask one of your best relied relative to help u in this way: Get a cheque from him deposit it in your bank, withdraw the amount and give him back. Keep receipt with you only. Make a document that you were in need of more finance and you have created a further charge on your home in addition to the Bank. Pl. see that the loan amount should be more than in aggreegate of market value - less BaNk loan amount. Inform the Society about it. Inform the Bank about it. This is risky. so check all pros and cons.
8. Request the Bank to give the required time. Pay some amount with covering letter to adjust the same against principal amount.
But always pray to God that your worst time get over and that u dont want to cheat the Bank and though their attitute is not good in these times, you will return the principal amount as fast as possible. Ask HIM to get u a good job so that you can pay it. It will happen provided how strong is your wish.
I think your problem will be solved meantime.
