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  1. Bank does not guarantee a job for repayment of loan which was opted by you.If you are unable to pay then bank will recover from the guarantor or property mortgaged or else file a case against both & attach the assets of guarantor.You will be declared as defaulter & can not get a loan in futureThey may also inform your future employer & write to major embassy’s if you try to go abroad.It will create
    lot of problem in future The best course would be to contact the bank & tell them your problem frankly & request them to reschedule your loan & ask your parents to pay some amount till you don’t get a job.Your parents must be co-borrower/guarantor for this loan and before bank initiate recovery proceeding you should initiate steps for settlement.