Axis Bank — personal loan - being hounded by collection agencies

I took up a personal loan in 2012. I paid it till the end of 2014. After that i quit my job and had to comeback to my hometown owing to my father’s i’ll health.

I explained this to the bank via many emails and requested the bank to restructure my loan. The bank refused and the account was forwarded to collection agencies. I explained to each and everyone of them my predicament, to no avail.

In 2016, my father passed away. I setup a new business and asked the bank to restructure my loan again so that i could repay the bank. It again fell on deaf ears. The collection agencies started hounding me on and off about this. Off late, they are calling everybody i know and said that i was issued a non-bailable warrant. And, they were calling to find out my whereabouts.

This has reached to an unparliamentary level of talking over the phone and i am unable to bear this agony anymore. I also told them if they call me once more i would commit suicide. Even then, these people from unknown numbers are calling me and my people asking me to pay the money.

I am in a helpless situation, i can’t repay the whole amount right away. I can pay it in instalments on an emi basis and close the loan.

Please help.