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#1
26th June 2018, 07:56 PM
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What would happen if paying loan amount late to Bank?
Dear Sir, I want to study BTech with the help of an Education Loan from any Bank. But I am little afraid of not paying the loan amount on time. I just want to know that what happen in this case? Please help me to know about this immediately.
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#2
29th June 2018, 10:15 PM
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Re: What would happen if paying loan amount late to Bank?
Paying your EMIs late can increase the burden on your shoulders and you have to pay higher interest rates. Also, it will affect your credit score and you will not be able to take any loan in future.
Banks will recover the amount any any means, it you are not able to pay back. Hence, make sure you are ready to do a job, if you are looking for an education loan. |
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