Cancellation of online cource which is linked with the loan
8 months ago
I've taken loan for my online cource of nxtwave ccbp 4.o.The cource faculty only refered and did my formalities while joining.Now I am not willing to continue that cource because of my financial problem and I would like to cancle the cource and emi plan.I reached faculty members and I addressed my problem asked them to cancle my course.They are saying that as per their terms and conditions the course cancellation should be done only in the 15days of joining the course now how can I cancle the course.Overdues are getting more and I lost my cibil score a lot.
A.Dear Client,
When the cooling period for cancellation of an online course is 15 days from joining the course as per the terms of the course and on the expiry of said period, you lose the chance to cancel the course. So, for lapse on your part, an educational institute cannot be held responsible or cannot be compelled to refund the course fees even through litigation. In the prevailing situation, you need to cancel the ECS mandate immediately to stop the recovery of the educational loan by repaying the outstanding amount of the loan to save cumulative interest on the loan and to keep your CIBIL records protected from further damage.
When the cooling period for cancellation of an online course is 15 days from joining the course as per the terms of the course and on the expiry of said period, you lose the chance to cancel the course. So, for lapse on your part, an educational institute cannot be held responsible or cannot be compelled to refund the course fees even through litigation. In the prevailing situation, you need to cancel the ECS mandate immediately to stop the recovery of the educational loan by repaying the outstanding amount of the loan to save cumulative interest on the loan and to keep your CIBIL records protected from further damage.
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