if i get an unsecured loan for my education and then die will my parents have to pay it back ?

This topic has 6 replies, 5 voices, and was last updated 1 year, 1 month ago by Aravguru227.

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- April 28, 2025 at 7:28 pm #6126 Reply
  Superknight7396
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  Superknight7396
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  April 28, 2025 at 7:28 pm
  
  sorry but don’t judge me i don’t know anything much about these laws and stuff i am just curious because i will be taking edcation loan but i don’t want to burden my parents just incase
- April 28, 2025 at 7:31 pm #6129 Reply
  Manishshark331
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  April 28, 2025 at 7:31 pm
  
  Are they co-borrower?
  - April 28, 2025 at 7:32 pm #6130 Reply
    Superknight7396
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    Superknight7396
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    April 28, 2025 at 7:32 pm
    
    nope i don’t think that for 7.5 lakhs you don’t need one i didn’t take the loan yet though …
    - April 28, 2025 at 8:04 pm #6132 Reply
      Aravguru227
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      April 28, 2025 at 8:04 pm
      
      Don’t know about parents liability but I think you can avail insurance to cover the loan if the unfortunate happens.
    - April 28, 2025 at 8:15 pm #6131 Reply
      Manishshark331
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      April 28, 2025 at 8:15 pm
      
      Then no. They’ll also most probably give you a mandatory insurance cover. At least they gave me one.
- April 28, 2025 at 8:37 pm #6128 Reply
  Shirleythinker961
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  April 28, 2025 at 8:37 pm
  
  Depends on the Bank and the amount you took
- April 29, 2025 at 5:33 am #6127 Reply
  Luckybear8410
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  April 29, 2025 at 5:33 am
  
  I don’t think education loans are unsecured, they will take some kind of guarantee
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