bank loan for canadian studies

[ashmitpatel]

hi friends .
i intend to study in canada and my consultant told me its manditory to apply for education loan. I dont want to apply for loan. consultant said i cancel the loan once i land in canada. what should I Do"? please advise me.

 

[ragz306]

yes it is mendatory tha if u wnt to study in canada edu loan is must. If you hav ur money stil u hv to take edu loan no matter u are a billionaire or trilLIonaire.. Edu loan lena padega. Yeah u can also cancl the loan but only if u hv nt useD IT, as most of the banks hv rule that u hv to pay first instalmnt from that edu loan. Agar koi bank vala achi tarah jaanta hai to tera kaam hoskta hai bro.

 

[ashmitpatel]

thanks man... i really appreciate the help...

 

[ashmitpatel]

when can i cancel the loan? please suggest

 

[enfield]

when can i cancel the loan? please suggest

Hi,


There is no specific procedure to cancel your issued study loan in India.

If you use your loan towards the partial payment of tuition fees, thn you are liable to repay it with a valid rate of interest.

If you decide not to use your issued loan, thn the same get lapsed and you are not liable for anything.