10th August 2019, 04:33 PM
Posts: n/a

Whether Canara Bank grants amount under education loan to a candidate who met with an accident?

Hello, my daughter met with an accident during her study of BTech, pursuing in Hyderabad. He is studying with education loan of Canara Bank. In this case, he gets money for his cure or not? As the Bank term and conditioned has mentioned the loan against miscellaneous expenses will be granted. So, he is eligible for getting loan for his recovery?

19th August 2019, 10:32 PM
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Join Date: Mar 2012
Location: New Delhi
Posts: 20,580
Default Re: Whether Canara Bank grants amount under education loan to a candidate who met with an accident?

Banks provide education loan for studies and expenses related to the course. For accidents there are insurance available and that's why people have accident and life insurance. Education loan is strictly for study purpose and that money can't be used for hospital bills.

You need to talk with the bank if she is going to discontinue course or the course will not get completed on time due to the accident. They will surely help you in this regard.

Do you have any question? or have anything to say?

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