#1  
19th November 2018, 03:21 PM
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Whether Bank deducts Loan amount if a candidate hasn’t secure job?


Hello Sir, I have taken an education loan for my BCA(H) course. I have completed my this course in this year. But I haven’t secured job yet. So, I would like to know that Bank will deduct the loan amount from now onwards?




  #2  
26th November 2018, 09:39 PM
ajayrocks007
Senior Member+++++
 
Join Date: Mar 2012
Location: New Delhi
Posts: 20,581
Default Re: Whether Bank deducts Loan amount if a candidate hasn’t secure job?

Banks have a fixed date for repayment and if you don't get a job, then also the EMI has to be paid, or you have to pay interest over interest next time. Hence, if you have given any kind of security, then they will deduct it.

Just make sure you have got a decent job, or any job, because if you have taken an education loan, you need to pay it back. Not paying will only create problems for you.
Do you have any question? or have anything to say?





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