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  #1  
3rd March 2018, 01:55 PM
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My SBI Bank Education Loan will be discontinued if met with an accident?


Sir, I am doing MBA in Hotel Management through SBI Bank Loan. This is my 3rd semester and I met with an accident. I haven’t appeared all my internal exams. Doctors suggested me to take rest atleast 5 months because I have a leg fracture. In this case, bank discontinue my loan?




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  #2  
23rd September 2022, 12:13 AM
Hera tabrez
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Join Date: Oct 2020
Location: Kanpur
Posts: 6,959
Default Re: My SBI Bank Education Loan will be discontinued if met with an accident?

Some of the reasons due to which loan can be rejected or discontinued
Poor CIBIL score
Poor academic score
Insufficient documentation
Bad credit of guarantor
Not supported by sufficient collateral.

As you met with an accident , you need rest and bank also understand that.
If your academic score is good and you can easily clear your semester inspite of accident , then there will be no discontinuation of loan.
In case bank discontinues rhe loan , then you may talk to the manager and tell them about your problem and your reason of being at home.
They will then continue your loan.
Do you have any question? or have anything to say?



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