What steps a bank can take agaiinst a man who took personal loan & left country permanently?
My intention Is not to cheat indian banks but it's bad situation financially, doing dirty jobs to survive only in hope of get good job sooner or later
I have permanent visa, so I may not be returning to India,
so if I don't pay my monthly loan installments to Indian banks... what steps Indian bank can take against a person who left the country permanently?
I have Given post dated cheques and signed the loan agreements
can I simply get rid of these loans if I don't ever return to India
or is it advisable to write a letter to bank requesting more time to payback?