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19th June 2017, 12:10 AM
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What will happen if I have taken education loan for CS course and failed?
I have take loan for my cs executive. If I will fail in CS executive what will be the action against me taken by bank? Is this will affect my education loan? Can you please guide me with the information on this soon? Awaiting for the response. Thank you!
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27th July 2017, 02:09 PM
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Re: What will happen if I have taken education loan for CS course and failed?
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You have to repay the education loan after the course period is over. You can contact the bank branch for extension of repayment period, or you can pay the loan amount in EMIs. If you do not repay the loan amount, then your CIBIL score is affected. If you don’t pay the loan, then the bank will take legal action to recover the loan amount. Therefore, it is better to contact the bank branch and explain the situation. The bank manager is in a good position to give you various options available for repaying the education loan amount. |
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