Unable to repay loan - need advice

Delaying in response shows the depth of the issue. please understand, there is NO WAY OUT to get rid from this. The due amount should be returned my friend... better go for settlement with the bank and pay the outstanding through EMIs as per your convenient.. 

prof.Ravi shankar is correct. Banks and credit card companies are open for negotiations.

But ensure that after settlement, your name will not placed in CIBIL block list. so in negotions, pls discuss this thing too.

wishes for a peaceful life sir.

don't worry,Settlement of loan with the bank is the final positive solution for you.

You have at least some financial discipline.

However to come out of the problem, you represent the bank about your financial position and ask for One time settlement.

Banks do agree if in their assessment, you do not have sufficient means to pay.

But you have arrange the agreed amount in one lumpsum.

If that is also not possible, file IP petition asking the court of declare as insolvent and whatever assets you have will be shared by your creditors according to the directions of the banks.