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#1
23rd January 2018, 11:37 AM
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What to do if not able to pay education loan back due to no job?
I have a education loan in Allahabad bank. I have lost my job that's why can't be effort this loan amount. Please give me some good information about the same.
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#2
25th January 2018, 01:36 PM
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Re: What to do if not able to pay education loan back due to no job?
Quote:
You have to contact your bank for reduction in the monthly EMI amount. You can also settle some amount through one time settlement. It is not advisable to leave the education loan unpaid because, it affects your credit score and it also affects your parents’ credit score. You can contact your bank branch manager and explain the reason for nonpayment. You can do some part time jobs and starts to repay the education loan. You can get help from your parents for the education loan repayment. You can use other money sources to pay the education loan dues. |
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