What happens if someone takes out a loan from the bank for studies and is unable to repay it?
Asked about IIM Ahmedabad - Indian Institute of Management - Master of Business Administration (MBA)
Asked by Ajay Nirmal
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1 Answer
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Then, they will confiscate whatever you gave them as guarantee. It generally won't happen but the T&Cs are clearly mentioned on the Loan application forms for clarifications.
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