Is your Education Loan repeated Cancer? Somewhere you are not doing these errors

Education Loan Cancel is not a big deal. Each bank has their own rules. If your file is a shortage, then the chance of cancellation increases. But there is no need to nervous. If you understand the reason for the Cancel, the more likely to get the loan next time. A large number of students and parents want to know why their Education Loan is repeated repeatedly. This documentation is caused by suspicion at the cost of the course, the guarantor’s weak profile.

EDUCATION LOAN is being canceled?
Education loan can always not always have your mistake. Sometimes, the bank’s policy, your age, the course placement potential and credit history also play an important role. Let’s know why eduction is canceled, what to do if it is rejected and what you have been canceled repeatedly.

EDUCATION LOAN Cause Cancellation

• Incomplete or incorrect documents

• Bad Cibil Score or Previous balance loan

• The less market value of the course or university

• The weak income profile of the co-applicant (guarantor

• Bank internal policy and risk factors

What to do if the loan is repeatedly rejected?

• Apply different banks and NBFCs.

• SidBi, seek options from government schemes and organizations like NSDL.

• Have a strong guarantor or co-applicant.

• Make your cibil score better.

• Have documents that prove the value of courses and college.

How to avoid cancellation loan?

• Check the documents and submit them.

• Describe the future, placement and Roi (return on investment) of course.

• If income is low, get help with co-applicants.

• Sharing information about scholarships and partial funding.

Useful information for students

• Check your cibil score before applying for EDUCATION LOAN.

• Tell the bank officer honestly everything.

• If EDUCATION LOAN is canceled, ask the written due to writing.

• Get help with EDUCATION loan portal or eduction loan agents.