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#1
7th October 2014, 11:45 AM
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Is a person's blood relation joins in Defence service then it not required to repay back the education loan?
I have heard that if a person's blood relation joins any Defence service like Army,Navy etc, then he is not required to repay the Edn.loan availled from a bank, please let me know if it is true.
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#2
20th May 2016, 10:36 PM
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Re: Is a person's blood relation joins in Defence service then it not required to repay back the education loan?
There is no such rule that if your relative is working in Defense force then your loan will be waived off. If bank has sanctioned loan then you have to repay it because most of the banks are doing business.
Only in extreme cases like in case of farmers the loan is waived off when there is a drought or any natural calamity by the government. |
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