Can-I-be-arrested-for-not-repaying-my-educational-loan-in-India

2 Answers Given By Lawyers

Nischal Arvind Singh Answer

The Indian personal finance sector is getting more and more sophisticated so maybe in the future showing financial solvency and probity will become necessary to get a job. Your cibil score will be checked even when you go to any MNC companies for job or further future loan and no bank will give you loan in your life. The bank will serly can take you to court and attach your assets as well as th....


Rakesh Bahl Answer

The major problem in outstanding education loan taken by the student is the failure of immediate placement by the institute or the company. This has majorly affected in the repayment of loan on the deadline. Extending the repayment date and nonpayment are some of the cases witnessed. Consequences faced on failure of Loan Repayment: The repayment of the education loan starts within six months ....