Tripunithura municipality chairperson Rama Santhosh hands over documents to Sunitha
Ernakulam: Mulanthuruthi native Sunitha, who was worried over losing her home to the bank, could breathe a sigh of relief with the support of her old classmates. Sunitha’s friends repaid the loan amount and recovered the documents when the house was about to be confiscated by the bank.
Sunitha was a student of SNDP school in Udayamperoor and completed SSLC in 1995. An alumni meet of her batch was conducted a few days back from where one of her friends informed others about the financial liabilities of Sunitha.
Sunitha and her husband had taken a house loan of Rs 2 lakh from a bank. Though they paid back Rs 1.5 lakh, the payment stalled when they both became unable to pursue jobs due to illness. Later the liability touched Rs 4,30,000 with soaring interest.
The bank issued a notice and gave an advertisement to confiscate the property. The support of old classmates came as relief, said Sunitha. The bank officials also helped out by waiving off the interest.
Tripunithura municipality chairperson Rama Santhosh handed over the documents to Sunitha at an event presided over by their former teacher Mani.