Burdened by Education Loan EMIs? Protect Your Professional Future
Education loans are meant to empower your career, but when you're a fresh graduate facing a tough job market or a parent who stood as a co-borrower, the debt can feel like a mountain. If your EMI is consuming more than 50% of your take-home pay, or if you're currently unemployed, you need immediate legal intervention to avoid a default.
The Complexity of Education Loans in India
Unlike personal loans, education loans often involve a "Moratorium Period" and have specific IBA (Indian Banks' Association) guidelines that offer flexibility to students. However, banks often ignore these rules and push students into premature recovery. DebtCure ensures your rights are protected.
Rights for Unemployed Graduates
If you haven't found a job or have been laid off, you are entitled to request an extension of your moratorium period. We help you draft the legal representation to the bank with supporting documents to stop immediate EMI demands.
Our Specialized Support for Students & Parents
We argue your case based on current economic conditions and your employment status to gain an additional 6-12 months of EMI-free time legally.
Banks often target retired parents who are co-signers. We issue legal notices to ensure your parents' retirement savings and dignity are not harmed by aggressive agents.
We negotiate for a 'Step-Up' repayment plan where your EMIs start small and increase as your salary grows, aligning your debt with your actual earning capacity.
For loans that have already turned NPA, we negotiate a one-time settlement that waives off the compounded interest, allowing you to move forward debt-free.
Don't Let Default Ruin Your Career
A default on an education loan can negatively affect background checks during job placements and prevent you from getting overseas visas. Taking proactive legal steps now is crucial for your long-term career growth in India and abroad.