An 80-year-old woman, her daughter, and granddaughter were forced out of their house after authorities of Kerala Bank sealed and confiscated their house and property for defaulting on loan payment at Kottayam Malabar at Koothuparamba in Kannur on Monday.
Suhara, her daughter, a Plus Two student, and the aged mother staged a protest in front of their house following the bank’s action. Ms. Suhara said they had taken a housing loan of ₹10 lakh in 2012 and there was delay in repayment due to a few problems.
Ms. Suhara claimed she had already repaid ₹4.30 lakh. The bank was demanding payment of ₹19 lakh with interest. The bank did not provide time despite them assuring to repay the loan after selling the house, she said.
