Education and Career Forum

After completing course then how we will be return the loan ???? tell me the process to return it back to the bank? education loan

Technology has advanced by leaps and bounds. It has made work easier and faster especially in the banking sector where there is very less manual work done these days. Everything is computerized and is maintained by the computers and the database of the bank. Returning loan is a very easy process now. You just need to complete certain formalities and then deposit the amount to be repaid in your account.

First of all, you need to approach the bank manager and talk to him/her. Tell him/her that you want to return the loan. The manager will give you documents to sign and tell certain formalities to complete. Then you need to deposit the repayable amount in your account, the loan amount will automatically be deducted from your account which is computerized. Then you need to approach the manager once again and complete the remaining formalities and bank will give you a receipt of loan returned.