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  #1  
29th January 2017, 04:30 PM
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Possibility to get deduction in amount of education loan if got relieved from job due to demonetization?


Hello sir, I am studying in final year of degree course and I have taken an education loan of 4 lakh from SBI but now my father is jobless due to demonetization. Please tell me can I get deduction in amount of loan?




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  #2  
31st January 2017, 08:45 AM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Possibility to get deduction in amount of education loan if got relieved from job due to demonetization?

I am extremely sorry to state that there cannot be any deduction or subsidy in the amount of education loan on account of demonetization. Even if your father lost his job on account of demonetization, still there is no such clause of deduction or subsidy in the education loan amount or its rate of interest. You need to comply with the terms and conditions and repay the loan entirely.
Do you have any question? or have anything to say?



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