If I do not get placed in a company after completing my course, how will I repay the education loan? Will the bank allow some time until I get a job?

If you are unable to find a job after completing your studies, many banks offer an extended moratorium period or flexible repayment options. You should contact your bank and explain your situation. Some banks allow grace periods, during which you are only required to pay the interest. Others offer loan restructuring options to reduce the monthly payment amount until you secure employment. However, interest will continue to accumulate, so it’s best to communicate with your bank as soon as possible.