Education and Career Forum

Hi Sir,
I am doing PGDM in Marketing through Bank of India Education Loan. This is my 2nd semester and I met with a serious accident. I haven’t appeared all my internal exams. Doctors suggested me to take rest atleast 8 months because I have few fractures. In this case, bank discontinue my education loan?

I'm sorry to hear about your accident. I hope you're recovering well. As for your question, it depends on the specific terms of your education loan agreement with the bank. However, most banks will not discontinue your loan just because you have been injured in an accident. They will likely require you to provide documentation from your doctor stating that you are unable to attend school for a period of time. They may also require you to make up the missed exams.
If you are concerned that your loan may be discontinued, you should contact the bank as soon as possible and explain your situation. They will be able to tell you what documentation they need and what steps you need to take to keep your loan in good standing.
Some tips for dealing with your education loan after an accident:

• Contact the bank as soon as possible: Let the bank know about your accident and the impact it has had on your studies.
• Provide documentation from your doctor: The bank will likely require documentation from your doctor stating that you are unable to attend school for a period of time.
• Make up the missed exams: If you are unable to attend your exams, you will need to make them up. The bank may require you to do this before they will release any further funds.
• Stay in communication with the bank: Keep the bank updated on your progress and let them know when you expect to be able to resume your studies.