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  #1  
7th August 2016, 05:11 PM
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Government provides deduction in whole loan amount along with the interest to handicapped students?


Hello sir, I have taken an education loan of 4 lakhs to study Engineering course. During studies I met with an accident and broke my feet. Now I am an handicapped candidate. Will Government give me whole deduction in loan amount along with the interest?




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  #2  
12th August 2016, 06:49 PM
ajayrocks007
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Join Date: Mar 2012
Location: New Delhi
Posts: 20,581
Default Re: Government provides deduction in whole loan amount along with the interest to handicapped students?

It depends upon your family situation. If you belong to extremely poor family then government may think of waving off loan completely which is very rare and can happen only in very few cases.

Most of the banks will ask you to pay the loan if you belong to a decent family with good income. They will get it from the guarantor or from the security which you have kept with them during application.
Do you have any question? or have anything to say?



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