I think u never took LOAN before is it??? Previously..it was 4% of interest at my time (7 years ago)...now they reduced it to 3%....and now u r saying they 'do not have to bear the same charges'??????? Dun talk nonsense or something that u do not have 'FACTS' for!

3% of interest is really little.....and it does not help when everyone is defaulting on their payment...if u can afford to change hp....buy VIOS/CITY or new car and can settle those car loans and not education loan....i despise u.....

if u do not pay now....maybe they r inefficient now to catch those who defaulted on payment but eventually......in future....who knows...u might need to pay A LOT more than u owe ....at the time when they really become 'efficient' and start catching ppl....

fyi...they now have a new law stating that those who do not pay for some period of time although earning salary, ur passport will be barred fr leaving the country....

just tat....in view of future generation....if u take loan...u have to pay...just as u agreed when u signed....it's stated there 3%.....if u agree on tat...just pay when u get ur money....

if u dun agree....DUN TAKE THE LOAN....and u do not have to pay any...

fyi..my colleague taking KOJADI loan 13 yrs ago...have to pay their interest of 8%......

-just my 2 cents-