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27th July 2014, 06:15 PM
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Whether bank will cancel my loan due to backlogs?


Hello, i am doing btech and i am in 3rd year, i have reappears/backogs in my previous semester?

Does bank will cancel my loan due to backogs??




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20th August 2014, 09:58 AM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Whether bank will cancel my loan due to backlogs?

Yes, the bank can cancel your loan due to backlogs. The banks are quite strict in this respect as they monitor the performance of the student who has taken education loan thoroughly. It is at the discretion of the bank whether it will cancel your loan or not incase you have backlogs. Hence it is better to clear your backlogs as soon as possible and then submit the mark sheet to the bank. You should not approach the bank before that otherwise you will just push the ball in bank's court. However, if the bank ask for the mark sheet you need to provide them and then it is entirely bank's discretion whether to cancel the loan or not.
 
11th December 2014, 04:28 PM
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Default Re: Whether bank will cancel my loan due to backlogs?

i have 2 backlog in my study but i have solve that and i have 64% as a overall percentage so i getting a education loan for abroad plz rply me
 
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