#1  
11th November 2018, 01:11 PM
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Disadvantages of Bank Education Loan for BCA(H) aspirant


Hello everyone, I want to know the disadvantages for applying Bank Education Loan? I am from Science stream and willing to study BCA(H). And I am planning to apply for an Education Loan from any Bank. Please tell me if there is any disadvantage.




  #2  
18th April 2022, 05:55 PM
Hera tabrez
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Join Date: Oct 2020
Location: Kanpur
Posts: 6,959
Default Re: Disadvantages of Bank Education Loan for BCA(H) aspirant

Some of the disadvantages are

The loan is quite expensive
Education loan means you start out life with debt
Paying off means putting off other life goals
It gets difficult to get rid off students loan if you can't pay.
In case there is default in repayment , the lender start sending notices to you and your guarantor .
Do you have any question? or have anything to say?



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