Personal loan
The loan was taken 2014 amount was 300000. I paid 15 installments in total...paid almost a year without any default then I was jobless and couldn't pay almost for a year that's where in collection agents started to threaten my friends and family and I borrowed money from few of my friends and paid another 40000 ... that was in 2016 Feb also I paid another 12000 in that year...my monthly emi is 7500...
Since I am under medication and doing a freelancer job I don't earn much and also I don't have any one to support me with my loan so it is hard for me to pay even 7500 every month...
Today I received a call from icic bank saying that they have issued a non bailble warrant against me and the arrest can happen at any time police will take me to the station from there to the local court and from there to the Chennai court..... I have been communicating with the bank people every now and then explaining my situation... also last week I had told one agent that I will make atleast 1 emi by the end of this month which he had agreed also.... but now the guy called me today asked me to pay 250000 in total and asked me to pay a principle amount of 63000 by tomorrow....I tried my best to explain my situation but he was just going on telling me that my career will be ruined since its a criminal case..I literally cried on the call... when I asked him whethr I get any deduction on the amount if i go by the legal proceedure ,he said I will not...
I had updated my new address with icic when there was this collection agent called last time... but till now I haven't got any notice. ... when I called our area postman he told me that there were some letters he had received since no one was reciding in that old house he sent them back..... but always the bank was able to contact me over phone since I never avoided their calls.... I had taken loan from kerala,but now I live in karnataka
I have no idea what to do since I don't have any notice with me stating the current status of my loan.
What can I do in this situation kindly help me... .