Pendency of civil suit woukd not affect your career 

2) you should contest the suit proceedings 

3) it woukd take years to be disposed of 

4) as and when you ha w money you can arrive at settlement with bank 

Hi, If the Bank has filed the Suit for recovery of money then you can contest the case and Normally the court will give time to repay the amount in installment. It is my kind advice try to convince the Bank or else you can contest the case.

Your career will not be affected by this Suite but of course you have to appear before the court that is debt recovery Tribunal and there you can request to the code to fix EMI for your loan in case it is accepted by the court then you have to pay the EMI for your loan to get it paid

Let them file a civil suit. Don't accept anything. You need to contest the civil suit. You will get time to pay the same as civil suit take years.

1. Since you have taken loan you have no option but to repay the loan as per demand of the creditor. The financial problem you may have at this moment leading you to default to repay the loan is no excuse.

2. If ti is a civil suit then it is not going to affect your future . However if they file a criminal case of cheating then it may be a blot for your career in government job. 

Talk to them so they may agree for a lesser amount. Otherwise the court would grant interest and penalty along with principal sum of money standing due. 

Dear Sir,

1.can i accept the suit and ask some time to pay loan in the court?
Ans: Yes you can accept the suit, engage a good legal advocate and narrate the situation and ask for time to pay loan.


2.will it affect my future career?
Ans: Nothing will happen, Failing to pay a student loan, credit card, or hospital bill are considered "civil debts" andyou cannot be arrested for not paying your student loans or civil debts

When you do not repay a loan, it is reported to CIBIL as is. You will be sent reminders and notices for repayment. If you ignore them then your account becomes NPA in the books of accounts of the bank and then their laid down procedure for recovery of poor loans takes course.

Your CIBIL will be updated accordingly with the number of days your account has been unpaid and it will serve a serious blow to your credit standing. Your score will begin to drop massively due to which you will find it difficult to take any loan or credit card in future.

In case, due to any unfortunate circumstances, you are unable to make payments as per schedule then take your bank’s branch manager into confidence. Share with the bank the ground reality and ask them to restructure your loan that would allow you to pay a lower EMI.

Do remember, the bank may or may not revise the terms of your student loan. It is completely at their discretion.

Non-repayment can have long lasting repercussions and you would want to avoid them at all costs.

1. See try contesting the suit it will give time as civil suit take time to settle in meantime you can settle with the bank.

2. It will not effect the career, the court can order attachment of the property and bank accounts. 

1. You are bound to repay the loan. If the bank institutes a recovery suit against you, appear in person explain your situation and pray for extension of duration. 

If you fail to repay it will affect your career.

Regards 

G.Rajaganapathy 

Yes you can apply to court for restructuring of the loan stating your current situation and you may get a favourable consideration by court because of it is an education loan and you are still unemployed. To strengthen your defence it is advisable to arrange some security for the loan amount of course if it is convenient to you.

It generally doesn't affect future career.

You must take up the matter urgently with Bank in writing that "you are willing for one time settlement and till the time no action to be initiated by the Bank". thereafter, you must negotiate with the Bank and mutually decide time of one time payment. 

1) Yes , you can tell in court that as of now you don't have job and need more time to repay for educational loan.

2) Here in this case your CIBIL score will get affected from this and in future none of bank will provide you any loan to you.

1. Please meet the higher-ups in the bank and ask for time, expressing your current financial situation and also your intention of repaying the loan. Support your case with proper documentary proof. If the bank insists on any down-payment now in order to give you time, offer whatever the amount you can arrange without difficulty.The bank may agree to your request. If the bank refuses to grant you time and files a suit, enter appearance in the suit through a local lawyer, and pray for time in the court.

2. Yes, your future loan-raising may be difficult, as your CIBIL report ill be adverse.

you have no option except to

1. contest the case and ask some time from the court showing your genuine reason for non payment

2. it will not affect your career

1. No profit at all.

2. Yes, of course because you are starting your career.

According to me at the time of taking loan you have gone with an agreement with bank and read that agreement carefully , you will find a clause there that you will start ;paying your EMI (1. After such and such period or after joining the service whichever is earlier after finishing your studies) definitely you will find some period there so don't try to fought with the bank always try to resolve the matter mutually and talk to the branch manager he will definitely co-operate with you.

Yes, even court will pass order - judgement on admission. ample time you will get if recovery suit file.

No.

.  It is better that the bank files a civil suit for recovery so that you will get time to repay till the suit is not disposed.

\It will not affect if you pay the same sooner the case is disposed.